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🤖🐸Could Pepe (PEPE) Become the Biggest Meme Coin of 2024? (ChatGPT Replies)
What Are Pepe's Chances?
The frog-themed meme coin - Pepe (#PEPE ) - has gained even more popularity in the last few days thanks to the rapid price increase.While it reached an all-time high on May 15, its market capitalization approached $ 5 billion. The surge has positioned Pepe as the third largest in the memecoin realm, behind Dogecoin (DOGE) and Shiba Inu (SHIBA).
We decided to ask Chatgpt if his rally could continue throughout 2024 and if he could become the leader of his cohort.
The artificial intelligence-powered chatbot outlined several key factors that could trigger such a price, with market momentum being the main factor:
"If PEPE continues its current significant price upward trend and outperforms other meme coins in terms of market capitalization and trading volume, it could become the leading meme coin.”
Other necessary elements include community support and the approval of influential figures Dec. It is worth noting that a study conducted at the end of last year positioned Shiba Inu (SHIB) as the meme coin with the most solid supporter base, while Pepe came in third.
Speaking of the support of prominent people, it should be noted that Dogecoin (DOGE) is the favorite cryptocurrency of Elon Musk, the CEO of Tesla. This may be among the reasons why the asset is the most dominant meme coin.Dec.
Not so long ago, one of the richest people published a controversial picture depicting a frog disguised as a soldier in X. Some industry participants described the event as a pro-PEPE movement.
Pepe's Success in Just One Year
The meme coin saw the light of day in April 2023 and almost instantly turned into a sensation. In the following months, the interest increased rapidly, coinciding with the price increase and the support from the leading cryptocurrency exchanges.
