Pepe (PEPE) has been one of many best-performing crypto belongings for the reason that starting of the yr, with a year-to-date (YTD) acquire of over 400%. This crypto analyst predicts that PEPE can proceed this spectacular run and turn into the largest meme coin by market cap, forward of Dogecoin and Shiba Inu.
PEPE To Flip Dogecoin (DOGE) And Shiba Inu (SHIB)
Crypto analyst and dealer Murad talked about in an X (previously Twitter) post that it’s “possible that PEPE flips SHIB and possibly even DOGE.” PEPE flipping these two meme cash will make it the biggest meme coin by market cap, as they occupy the second and first positions, respectively.
Murad additional defined why he holds this perception, noting that PEPE is a “cult community with 10,000,000+ unique memes that is [sic] perpetually relevant to modern culture.” However, he claims Dogecoin is “literally just a single pic” whereas Shiba Inu “has zero memes to speak of.”
From his rationalization, the crypto analyst means that PEPE might enchantment extra to retail traders (particularly non-crypto natives) than Dogecoin and Shiba Inu, particularly with how widely-known ‘Pepe the Frog’ memes are. Subsequently, this mainstream adoption might assist the meme coin rise additional and turn into the foremost meme token.
Murad’s publish drew notable consideration from the crypto group, with totally different members giving their opinions on his prediction. One X consumer (@sblockchaingod69) stated that he believes PEPE might flip Shiba Inu however not Dogecoin as a result of the latter is an “og classic and the first ever meme coin.” In the meantime, some criticized Murad’s place, remarking that the variety of memes a meme coin has doesn’t equate to worth.
PEPE’s May Additionally Be Dethroned
PEPE is at the moment ranked because the third-largest meme coin by market cap, making it extra possible for the meme coin to come back shut or probably flip Shiba Inu and Dogecoin. Nevertheless, PEPE additionally dangers dropping within the meme coin rankings, with Dogwifhat (WIF) intently behind. WIF already flipped PEPE this yr and will once more achieve this because the market recovers.
Prior to now, crypto analyst Bluntz Capital had hinted that WIF would flip two meme cash (PEPE and Shiba Inu) and find yourself behind Dogecoin earlier than the bull run was over. WIF has already proven its intention on this bull run, with a year-to-date acquire of over 1.600%, outperforming PEPE and all different crypto tokens within the high 50 rating by market cap.
On the time of writing, PEPE is buying and selling at round $0.000006979, down over 8% within the final 24 hours, in keeping with data from CoinMarketCap.
Worth trending at $0.0000069 | Supply: PEPEUSDT on Tradingview.com
Featured picture from Decrypt, chart from Tradingview.com
