Pepe Coin Price Prediction: Is $0.0005 Possible This Cycle, and Will PEPE Outperform Shiba Inu (SHIB) ❓
Rising impressively this year, Pepe Coin ($PEPE ) has taken the front stage in the meme coin scene. Its fast ascent from obscurity to one of the top coins has sparked heated discussion among crypto enthusiasts about reaching $0.0005 this cycle, especially its capacity to keep momentum and outperform long-standing rivals like Shiba Inu ($SHIB ).
💲Can PEPE Reach $0.0005 This Cycle?
With a current price of $0.000024, Pepe Coin has an impressive 1,744% year-to-date (YTD) increase, far ahead of SHIB's 171% YTD increase. Despite significant momentum, achieving $0.0005, this cycle seems optimistic. With an average price forecast of $0.00008675, analysts project PEPE's price in this bull run will range from $0.00004714 to $0.0001318.
The most hopeful estimates also fall short of $0.0005, a price threshold calling for a significant increase in market value and liquidity. Reaching $0.0005 would indicate a market capitalization of nearly $100 billion.
🔺Will PEPE Outperform Shiba Inu?
Following weeks of sideways trade, PEPE broke out from its range and peaked on December 9 at above $0.000028. With a market valuation shy of $10 billion, the coin has now retraced somewhat but is still far above $0.00002. Though PEPE has exceeded SHIB's growth over the past month with gains of 135% compared to SHIB's 70%, this valuation is still far from Shiba Inu’s market cap of $19 billion.
This disparity has fueled speculations on whether PEPE will outperform SHIB in total market capitalization, price performance during this cycle, and growth percentage. Still, PEPE's capacity to regularly create substantial trading volumes and draw fresh capital should help it stay ahead of SHIB in terms of growth rates across this cycle.
If the trend continues, PEPE may close the market cap, but surpassing SHIB will need a consistent increase and strong community support.