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Home»ALTCOIN NEWS»Traders predict that one hot Memecoin will dethrone Shiba Inu and become the 13th largest cryptocurrency by market capitalization.
ALTCOIN NEWS

Traders predict that one hot Memecoin will dethrone Shiba Inu and become the 13th largest cryptocurrency by market capitalization.

By Crypto FlexsMay 27, 20242 Mins Read
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Traders predict that one hot Memecoin will dethrone Shiba Inu and become the 13th largest cryptocurrency by market capitalization.
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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.

Source: Hsaka/X

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.”

video
Source: Hsaka/X

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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Disclaimer: Opinions expressed on The Daily Hodl do not constitute investment advice. Investors should do their due diligence before making high-risk investments in Bitcoin, cryptocurrencies, or digital assets. Please note that your transfers and transactions are entirely at your own risk and you will be responsible for any losses you may suffer. The Daily Hodl does not recommend the purchase or sale of any cryptocurrency or digital asset, and The Daily Hodl is not investment advice. The Daily Hodl engages in affiliate marketing.

Image created by: Midjourney

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