A trader known for calling the cryptocurrency market at the right time thinks the surging memecoin is poised to more than double its value.
Early last week, anonymous analyst Hsaka told his 554,600 followers on social media platform
At the time, PEPE was the 28th largest cryptocurrency by market capitalization.
Afterwards, Ethereum (ETH)-based MEMCOIN showed a sluggish performance, rising about 71% in just a few days. Hsaka shares another chart showing that PEPE has surpassed six other cryptocurrency assets in terms of market capitalization ranking.
“Update: The climb to the top continues.”
Hsaka is not the only cryptocurrency strategist bullish on PEPE. Fellow analyst Kaleo tells his 640,600 followers on social media platform
“Pepe The market capitalization is only $6 billion. DOGE achieved its highest market cap of $75 billion last cycle, while SHIB reached nearly $50 billion. I think it’s safe to say there’s still plenty of upside for the frog.”
As of this writing, PEPE is worth $0.0000152, up about 7% in the last 24 hours.
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