A crypto influencer and analyst who predicted the 2020 rally of popular meme coin Shiba Inu (SHIB) named the next one. This coin has been taking the markets and crypto Twitter by storm in recent days.
Frogs vs. dogs: Will they replace SHIB and DOGE?
The tremendous rise of the Ethereum-based token Pepe (PEPE) in the crypto market is encouraging members of the crypto community to speak up. Some argue that PEPE, the newest meme coin on the market, could replace established meme-based tokens like Shiba Inu (SHIB) and Dogecoin (DOGE). Some even believe that the frog-themed meme coin PEPE will soon be the next Shiba Inu.
PEPE prediction from Charlie who knows SHIB’s rally
“It was always clear that PEPE was the next Shiba Inu,” Charlie, the famous cryptocurrency influencer and analyst, who predicts SHIB will rise in 2020, said in a tweet today.
Interestingly, Charlie is one of the cryptocurrency enthusiasts who predicted a surprising rally for the Shiba Inu. On August 2, 2020, the crypto influencer claimed that a rally of up to 100x could happen for SHIB at any moment. It didn’t take long for the prediction to come true. Less than a year after tweeting, Charlie posted a follow-up tweet to show how far the Shiba Inu has risen.
The dazzling rally of PEPE
Charlie’s latest statement comes after PEPE’s astronomical rally made headlines. cryptocoin.comSince Monday, PEPE has been in the news for reviving crypto investors’ obsession with meme-based cryptocurrencies.
Interestingly, the initial investors were greatly rewarded following the token’s price increase. Leading cryptocurrency data provider Lookonchain also shared how a meager $251 PEPE investment rose to $1.14 million in just four days:
SmartMoney is the luckiest guy I’ve ever seen. Spent 0.125 ETH ($251) to buy 5.9T PEPE (currently $1.14M) 4 days ago. If he sells at the current price of $0.0000001933, he will make a profit of ~$1.14 million, more than 4,500 times.
Also, PEPE’s market cap rose to $120 million just four days after its launch, making it the sixth most valuable meme coin according to Coinecko data. PEPE currently has a 24-hour trading volume of $154.2 million. Interest in the meme-based token has grown over the past few hours. According to data from leading Ethereum data researcher Etherscan, the number of PEPE holders currently stands at 22,282.
Meanwhile, at press time, PEPE is trading at $0.0000002897, up 56% in the last 24 hours. Despite PEPE’s astronomical rally, some punters 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.
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