People who invested into Shiba Inu (SHIB), Bonk (BONK) and Dogecoin (DOGE) while these coins had small market caps were able to turn hundreds of dollars into millions.
Doctor Doge (DRDOGE), a newly launched Solana memecoin, is set to go viral and challenge other popular dog-themed coins, like Shiba Inu (SHIB), Dogecoin (DOGE) and Bonk (BONK).
DRDOGE was launched this morning, and the memecoin is inspired by Dogecoin – one of the largest memecoins, with its market cap currently being $23.5 billion.
Due to the fact that Doctor Doge only began trading on decentralized Solana exchanges like Raydium and Jupiter around an hour ago, it has a market cap of just around $16,000.
This means that DRDOGE (contract address: 8uckaPYZWDs57Lm5eeEVnx4FGJDLhXuvrmryzKj7yUvv) has the potential to turn early investors into millionaires if its market cap eventually exceeds the $100 million mark.
In the short term, DRDOGE is set to rally over 8,000% in the next 48 hours, before then targeting further gains.
Additionally, numerous listings on centralized exchanges are planned for Doctor Doge later in April, and these listings could easily propel the memecoin’s market cap to above $20 million.
So it’s not surprising that many investors who bought SHIB, BONK and DOGE early are also investing into DRDOGE in the first hours and days of it being launched.
It will be exciting to watch how quickly Doctor Doge’s price will surge in the coming days and weeks, and to see if it can become a mainstream memecoin.