Top Trader Predicts Pepe to Surpass Shiba Inu Soon
The post Top Trader Predicts Pepe to Surpass Shiba Inu Soon appeared on BitcoinEthereumNews.com.
HsakaTrades, a seasoned trader, predicts Pepe (PEPE) might soon surpass Shiba Inu (SHIB) in market capitalization as the second dominant meme coin. A top trader, HsakaTrades, believes that Pepe (PEPE) might soon surpass Shiba Inu (SHIB) in market cap. This prediction, shared on X, has stirred discussions about the market dynamics of these memecoins. Currently ranked 27th on CoinGecko, PEPE has shown remarkable growth, while SHIB, sitting at 13th, maintains a stronger market presence. Shiba Inu is the second-largest meme coin by valuation, only behind market leader and the original meme coin Dogecoin. pic.twitter.com/tQcOTS0FDB — Hsaka (@HsakaTrades) May 20, 2024 PEPE Needs 221.8% Price Rise to Match SHIB For PEPE to reach SHIB’s market cap, its price would need to rise to approximately $0.00003582. This shift represents a 221.8% increase from PEPE’s current price. As of today, Pepe (PEPE) is priced at $0.00001113 with a 24-hour trading volume of $1,623,019,274.71. Despite a significant 19.61% increase in the last 24 hours and a 7.71% rise over the past week, PEPE’s market cap stands at approximately $4.69 billion. In comparison, Shiba Inu (SHIB) holds a price of $0.00002553 with a 24-hour trading volume of $786,954,243.17. SHIB’s market cap is significantly higher at around $15.05 billion, reflecting its stronger market presence and investor interest. Recent Performance and Trends PEPE has shown notable growth, particularly influenced by external market factors. The resurgence of the GameStop (GME) rally spilled over into the crypto markets, fueling a wave of interest in meme coins like PEPE. – Advertisement – On May 14, 2024, PEPE’s price soared to an all-time high of $0.000010, driven by this renewed market enthusiasm. As The Crypto Basic reported, the nostalgic sentiment from the infamous 2021 GME rally, where retail traders clashed with institutional bears, seems to rejuvenate the recent PEPE rally. Further,…
Filed under: News - @ May 21, 2024 3:16 pm