PEPE Climbs into Top 20 with 825% Annual Gains 🐸
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Pepe ($PEPE) has made a remarkable entry into the top 20 cryptocurrencies, boasting an 825% annual gain and showing potential to outpace Litecoin, Polygon, and Shiba Inu.
Despite a minor market correction in the last 24 hours, Pepe has defied expectations by securing a spot in the top 20. CoinMarketCap data reveals that $PEPE has achieved an impressive 825% increase over the past year, highlighting its robust fundamentals and growing investor confidence.
#### PEPE’s Ascent
Launched in April 2023, the frog-themed token rapidly reached a $1 billion market cap within weeks. Currently, PEPE is a prominent player in the meme coin sector, valued at $5.8 billion. This significant growth has made PEPE the most notable meme coin launch of 2023, surpassing competitors like Bonk (BONK) and Dogwifhat (WIF).
Market experts predict that PEPE will soon exceed Litecoin and Polygon in market cap, having already outperformed nearly eight tokens since Monday. According to Crypto Basic, PEPE is also expected to overtake Shiba Inu (SHIB) soon.
#### Will #SHIB’s Dominance Decline?
The report indicates that for PEPE to match Shiba Inu’s (SHIB) market cap, its price would need to rise to $0.00003582, a 221.8% increase from its current value. As of now, PEPE is trading at $0.00001382, a 2.40% decline from the previous day's price.
Despite this slight dip, PEPE’s price has surged by 35% over the past week. In contrast, SHIB is currently priced at $0.0000241 with a 24-hour trading volume of $933,188,157 and a market cap of $14.212 billion, reflecting its stronger market presence and higher investor interest.
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