Popular cryptocurrency analyst Hsaka recently made a remarkable analysis, predicting that PEPE, a rising meme coin, will more than double.
Earlier last week, Hsaka expressed his belief that frog-themed memecoin Pepe (PEPE) would make a big jump in market value by dethroning its rival Shiba Inu (SHIB). At that time, PEPE was ranked 28th in the market capitalization rankings and had the potential to move this position higher.
With Hsaka’s foresight, PEPE quickly gained popularity in the cryptocurrency world. PEPE’s rise gained significant momentum in just one week, and developments confirmed analyst Hsaka’s expectations. In this process, PEPE attracted attention by surpassing six different crypto assets in terms of market value.
Hsaka shared a chart showing PEPE’s impressive performance and its progress in the market cap rankings. In this post, “Update: the climb to the top continues.” he said. Hsaka’s comment indicates that PEPE’s rise is not yet complete and can go even further.
Moreover, when the analyst made the update, Pepe was ranked 22nd by market value. At press time, it is in 19th place, with its gains having increased.
This rapid rise of PEPE once again revealed the role played by meme coins in the cryptocurrency world. Meme coins can experience large fluctuations in a short time, often due to the influence of communities and social media. However, this performance of PEPE suggests that it may experience a more permanent increase in value by distinguishing itself from other meme coins. According to Hsaka’s analysis, this rise of PEPE could put it ahead of other big meme coins such as Shiba Inu and move it higher in market value.
Hsaka is not the only crypto strategist expecting a rise in PEPE price. Analyst Kaleo also thinks that based on the recent cycle performance of SHIB and Dogecoin (DOGE), PEPE is likely to witness major gains in this bull market.
“PEPE has a market cap of only $6 billion. DOGE reached a maximum market cap of $75 billion last cycle and SHIB reached around $50 billion. “I think it’s safe to say that the frog still has many advantages.”
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