We asked ChatGPT what will be the next meme coin to hit $10 million market cap

TL;DR

The meme coin sector has seen significant growth, with Dogecoin (DOGE) and Shiba Inu (SHIB) leading the way, while newer tokens like dogwifhat (WIF) and Pepe (PEPE) are gaining traction thanks to strong support from the community Analysts remain optimistic about the kingdom’s potential, especially after Bitcoin’s halving, which has historically led to market spikes. Which meme currency can join the Prestigious Club?

The meme coin industry has been making great strides during the last bull cycle, with a market cap that briefly topped $60 billion. The progress is thanks to popular assets such as Dogecoin (DOGE) and Shiba Inu (SHIB), which remain a trend among investors, as well as new sensations such as dogwifhat (WIF), Bonk Inu (BONK), Pepe (PEPE) , And others.

DOGE and SHIB currently account for over 60% of the cohort’s market cap and are the only meme coins to have surpassed the $10 billion mark. As such, we decided to ask ChatGPT if another such asset can reach the milestone.

The AI-powered chatbot estimated that success at the front can be fueled by strong community support, viral presence on social media and increased investor interest. WIF and PEPE are some of the meme coins that have gained a solid fan base.

The dogwifhat community recently raised $650,000 to put the token logo on the Sphere, a famous entertainment venue in Las Vegas, Nevada. In addition, the testimony was supported by prominent industry participants such as Arthur Hayes.

However, a study conducted a few months ago estimated that Shiba Inu is the meme currency with the strongest community base, while DOGE and PEPE round out the top 3 list.

The frog-themed digital asset currently has a market capitalization of more than $3 billion, making it the biggest competitor to the majors.

Expectations of a General Meme Coin Bull Run

Many analysts remain optimistic that the meme coin sector has yet to thrive during the bull cycle. A possibly contributing factor is the Bitcoin halving that took place last week.

The event, after which miners’ rewards distributed for validating blocks on the blockchain were halved, has historically been a precursor to a major resurgence for the entire cryptocurrency industry.

One meme coin that is particularly poised to increase in price in the near future is Shiba Inu. The many elements that suggest that the self-proclaimed killer Dogecoin has yet to experience new gains include its aggressive burning mechanism, the development of the Shibarium layer 2 scaling solution, and the predominantly negative SHIB exchange net flow on a weekly basis .

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