As a researcher, I find Murad’s prediction that PEPE could surpass Dogecoin and Shiba Inu in terms of market capitalization an intriguing one. Based on my analysis of the current crypto market trends and meme coin dynamics, it is indeed plausible for PEPE to appeal more to retail investors due to its rich and diverse meme culture. However, I also acknowledge that Dogecoin’s status as the “og classic” meme coin could make it a formidable contender.
As a crypto investor, I’ve been closely monitoring the market, and one asset that has truly stood out to me is Pepe (PEPE). With a year-to-date (YTD) gain of over 400%, this meme coin has shown remarkable performance since the beginning of the year. Based on my analysis, I believe PEPE has the potential to continue its impressive run and become the largest meme coin by market capitalization, surpassing both Dogecoin and Shiba Inu.
PEPE To Flip Dogecoin (DOGE) And Shiba Inu (SHIB)
As a crypto investor and analyst, I’ve come across an intriguing suggestion from my peer Murad in a recent post on X (previously Twitter). He posits that there’s a chance PEPE could surpass both SHIB and DOGE in market capitalization, making it the largest meme coin. Currently holding the second and first positions respectively, these coins have been popular choices among meme coin enthusiasts.
Murad elaborated on his perspective, pointing out that PEPE represents a vast “community of memes” with over 10 million unique variations, constantly resonating with contemporary culture. In contrast, he views Dogecoin as merely “a singular image,” and Shiba Inu as lacking any notable “meme presence.”
Based on his analysis, the crypto expert proposes that PEPE may hold greater appeal for retail investors, particularly those new to crypto, due to the widespread recognition of “Pepe the Frog” memes. Consequently, increased mainstream adoption could fuel further growth and establish PEPE as the leading meme token within the market.
Murad’s post garnered significant interest within the cryptocurrency realm, eliciting varied perspectives from its inhabitants. For instance, one X user identified as @sblockchaingod69 expressed his conviction that PEPE may surpass Shiba Inu in terms of value, but not Dogecoin, due to the latter being a “meme coin pioneer.” However, some detractors challenged Murad’s stance, arguing that the quantity of memes associated with a meme coin does not translate into worth.
PEPE’s Could Also Be Dethroned
PEpe currently holds the third-largest market capitalization among meme coins, making it a strong contender to surpass Shiba Inu and Dogecoin in rank. Nevertheless, PEpe’s position is not guaranteed, as Dogwifhat (WIF) is nipping at its heels and has already surpassed it this year. If the market recovers, WIF could potentially take over PEpe’s spot once more.
As a crypto investor following Bluntz Capital’s analysis, I previously noted their prediction that WIF (likely referring to Whale Investment Fund) would surpass two popular meme coins, PEPE and Shiba Inu, during this bull run, ultimately trailing behind Dogecoin. So far, WIF has demonstrated its strength in this market surge, achieving a year-to-date gain of more than 1600%, outperforming PEPE and every other crypto token within the top 50 by market capitalization.
Currently, PEPE is priced approximately at $0.000006979 during my writing process, representing a decline of more than 8% within the past 24 hours based on CoinMarketCap’s latest data.
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2024-04-29 23:12