People often ask if cryptocurrencies priced well under a penny, like Shiba Inu (CRYPTO: SHIB), or other popular meme coins, like Dogecoin (CRYPTO: DOGE), can reach $1. While it is fun to think about these types of tokens hitting $1, unfortunately, their total supply of tokens and current market caps make this unlikely, to say the least.
The good news is that there are plenty of cryptos trading under $1 that seem much more likely to hit this milestone. One good example is Cardano (CRYPTO: ADA).
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Source Fool.com