đžđđ„ In a jaw-dropping prediction, seasoned trader HsakaTrades claims that Pepe ($PEPE ) is on the brink of overtaking Shiba Inu ($SHIB ) in market capitalization, making it the new king of meme coins!
The Bold Prediction
HsakaTrades took to X to drop this bombshell, sparking heated debates and wild speculation about the future of these fan-favorite memecoins.
Battle of the Memecoins: Current Standings
- PEPE: Ranked 27th on CoinGecko, PEPE has been on a meteoric rise.
- SHIBï»ż: Holding strong at 13th, SHIB is currently the second-largest meme coin by valuation, trailing only behind the legendary Dogecoin.
PEPE's Price Needs to Explode by 221.8% to Dethrone SHIB
For PEPE to match SHIBâs market cap, it would need a staggering 221.8% price jump, hitting around $0.00003582. With a current price of $0.00001113 and a 24-hour trading volume of $1.62 billion, PEPE's market cap sits at $4.69 billion. In comparison, SHIBâs market cap towers at $15.05 billion with a price of $0.00002553.
PEPE's Rocket-Fueled Performance
PEPEâs recent growth has been nothing short of spectacular. Thanks to the resurgence of the GameStop (GME) rally, meme coins like PEPE are back in the spotlight.
- May 14, 2024: PEPE hit an all-time high of $0.000010, driven by renewed market frenzy.
- Historical Gains: PEPEâs profits have previously skyrocketed by 11 times, showcasing its explosive potential.
PEPEâs Secret Weapon: Room for Growth
While Dogecoin and Shiba Inu boast millions of holders, PEPE has a mere 170,000 holding addresses. This means thereâs massive room for growth as new investors flock to this rising star.
Shiba Inu Fights Back
But donât count SHIB out just yet. Market analyst Javon Marks predicts SHIB could leverage its recent price upswing to rally towards the $0.00015 mark. Despite facing resistance, SHIB has formed a bull flag pattern, hinting at another possible surge.
The Final Showdown
With both PEPE and SHIB gearing up for a fierce battle, the memecoin market is set for an electrifying showdown. Will PEPE dethrone SHIB and become the new meme coin champion? Stay tuned to find out!
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