Peter Smith
PEPE, the rising meme coin, vies to surpass Shiba Inu in popularity amidst a bearish market sentiment.
Price Analysis of PEPE And Shiba Inu
PEPE, currently ranked 46th, boasts a market capitalization of $2.96 billion and a trading volume of $769.09 million. Priced at $0.000007039, it stands 34% below its recent all-time high.
Conversely, Shiba Inu, ranked 12th, commands a market capitalization of $15.79 billion and a trading volume of $799.39 million, trading at $0.0000269, 70% shy of its peak set two and a half years ago.
Can PEPE Take Over Shiba Inu In Popularity?
Shiba Inu's longstanding dominance faces a challenge from the rapidly rising PEPE, which entered the crypto market just last year. While Shiba Inu maintains a lead in price, PEPE's recent surge cannot be overlooked. Despite minor setbacks, PEPE's momentum remains strong, fueled by investor enthusiasm for the Frog meme coin.
PEPE's unexpected performance surge this year has endeared it to investors, despite recent price fluctuations. While Shiba Inu's price began rising in March, PEPE's upward trajectory has been consistent since the start of the year, culminating in a peak in March. Though surpassing Shiba Inu presently seems improbable, PEPE's dedicated community anticipates future breakthroughs.
Future Prospects for PEPE
PEPE's ability to capture investors' attention and foster a loyal following bodes well for its future resurgence. Another surge akin to March's could propel it beyond competing meme coins, including Shiba Inu. However, such aspirations remain speculative for now.
PEPE and Shiba Inu stand as titans within the meme coin sphere, with their respective communities anticipating bullish momentum. Regardless of ranking, investors eagerly anticipate potential value surges in these meme coins.
Peter Smith
