Pepe cocin has garnered a lot of attention in the cryptocurrency market and meme coin area lately. Although this new cryptocurrency has been a short time after its launch, it has provided significant returns to its investors and has led many investors to buy PEPE. Leading cryptocurrency exchanges have started listing this new meme coin, which has increased the popularity of PEPE.
In line with all these developments, the PEPE price experienced an extraordinary increase from $0.00000002764, which was traded on April 17, 2023, to an all-time high of $0.000004354. Although the meme coin has lost some of its gains, it remains popular, trading at $0.000001987.
The popularity of PEPE also sparked another controversy: Could PEPE overthrow the Shiba Inu? Although some market experts disagree with this idea, a crypto analyst named Tunez 5.0 has a different point of view. presented.
Tunez argued in his Twitter post that SHIB is an overvalued, unoriginal and fake doge clone. He also noted Shiba Inu’s supply of 999 trillion and compared that to PEPE’s supply of 420 trillion. The circulating supply of the frog-themed meme coin is 391,790,000,000,000.
The analyst also emphasized that PEPE has a high enough supply to replace SHIB.
“If you want to buy dog-themed coin, you get doge. If you want to buy a low-supply coin, you buy pepe. SHIB currently has a market cap of $5 billion, making it not only the most overvalued asset in crypto, but also the most overvalued in the world.”
The analyst went a little further and said that the Shiba Inu went straight to $0.0000000000. He also shared his expectation that Pepe Coin will overthrow SHIB within a year.
You can check the price movements here.