PEPE and Shiba Inu are competing for the second place in the same field. However, the competition in the coming days may be more intense than expected.
Both tokens have benefited greatly from the bullish wave brought by the Ethereum ETF. PEPE is undoubtedly the big winner of this phenomenon, with its value rising by nearly 80% since the beginning of this month. Meanwhile, Shiba Inu, which is still waiting for its ETF, is also a strong competitor.
Since last night, the competition between the two cryptocurrencies has become more intense. PEPE is temporarily among the top 20 best cryptocurrencies, and its price is $0.00001369, which is very close to SHIB. Who will be the big winner in the coming weeks?
According to Watcher.Guru, there are opportunities for both coins. Shiba Inu is banking on continued long-term growth, while PEPE is enjoying a significant short-term rebound while gaining influence. However, CoinCodex predicts that the price of PEPE may reach $0.000083 in June, while the price of Shiba Inu may reach $0.00043.
These results can be easily justified by the fact that Shiba Inu is already at a higher price and its trading volume is also increasing (currently 485%). For their part, large investors are taking the opportunity to accumulate funds ahead of a possible altcoin season.
It will take about a month to make a final judgment between the two coins, but in the short term, it won’t take long to see which way the market is moving. PEPE has seen an impressive rally over the past few days and is currently trading on Binance at six times the price of its competitor. However, this trend seems to be slowly losing momentum.
Cryptocurrency analyst Patel reports that if the price of PEPE falls below $0.000014, a 25% drop is expected. If this happens, it can be expected that PEPE will not perform miracles before the overall market rebounds.
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