After SHIB Rise: Could This Meme Coin Catch a Similar Trend?

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The massive rally of Ethereum-based token Pepe (PEPE) was on the agenda of the cryptocurrency community today. According to Coinmarketcap data, PEPE has a market cap of $143 million and a 24-hour trading volume of $155 million. Meme coin is currently trading at $0.000000330053, up 274% in the last 24 hours.

Some members of the crypto community speculate that PEPE could replace established meme coins like Shiba Inu (SHIB) and Dogecoin (DOGE). Some believe PEPE will soon become the next Shiba Inu. Charlie, a famous cryptocurrency enthusiast who correctly predicted the SHIB rally in 2020, also said that PEPE is the next Shiba Inu. told.

Charlie had attracted attention with his SHIB prediction in the past. The famous influencer predicted on August 2, 2020 that the Shiba Inu could rally up to 100x at any time. It didn’t take long for this prediction to come true. Charlie reposted in 2021 to show how far the Shiba Inu has risen. Now he made a prediction for PEPE through this post.

Charlie’s prediction came after PEPE’s astronomical rally made headlines.

Also, just four days after its launch, PEPE has become the sixth most valuable meme coin. According to data from Etherscan, the number of PEPE holders currently stands at 22,282.

Despite PEPE’s astronomical rally, some community members do not believe the token has what it takes to become the next Shiba Inu. David Gokhshtein is one of the crypto enthusiasts who believe that PEPE can’t beat SHIB.

Finally, it is worth noting that the popularity of the Shiba Inu is not just related to the increasing popularity of meme coins. Shiba Inu has a large community like Dogecoin and also hosts a DEX (decentralized exchange) project called ShibaSwap, which has a large n market cap on the Ethereum network. Therefore, it can be very difficult for PEPE to completely replace the Shiba Inu.

You can follow the current price action here.

Source : the crypto basic


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