Pepper (PEPPER) It has been one of the best-performing cryptocurrency assets, with returns of over 400% year-to-date (YTD). The cryptocurrency analyst predicts that PEPE could continue this impressive performance and become a leader in the cryptocurrency market. The largest meme coin by market capitalization, It is ahead of Dogecoin and Shiba Inu.
PEPE overturns Dogecoin (DOGE) and Shiba Inu (SHIB).
Murad, cryptocurrency analyst and trader mentioned on X (formerly Twitter) post It is possible for PEPE to overturn SHIB and even DOGE. pepe If these two meme coins were flipped, they would become the largest meme coins by market capitalization. Because the two meme coins occupy second and first place respectively.
Murad explained why he holds this belief, noting that PEPE is “a cult community with over 10,000,000 unique memes that are permanently relevant to modern culture.” On the other hand, he argues. Dogecoin While it is “literally just one photo” shiba inu “There are no memes to speak of.”
According to his account, the cryptocurrency analyst suggests that PEPE may be more attractive to retail investors (especially non-crypto natives) than Dogecoin and Shiba Inu. Especially since the ‘Pepe the Frog’ meme is so popular. Therefore this mainstream adoption You can help meme coin rise further and become the best meme token.
Murad’s post attracted attention in the cryptocurrency community, with various members commenting on his prediction. One X user (@sblockchainod69) decided He believes that PEPE can flip Shiba Inu, but not Dogecoin. Because the latter is “og classic and the first meme coin.” some in the meantime criticize Murad’s position points out that the number of memes a meme coin has does not equal its value.
PEPE could also be dethroned
PEPE is currently Third largest meme coin Based on market capitalization, the meme coins are more likely to come close or upset Shiba Inu and Dogecoin. However, PEPE also risks falling down the meme coin rankings. Dog We Pot (WIF) Close behind. WIF has already overturned PEPE this year and could do so again as markets recover.
So far crypto analyst Bluntz Capital hinted WIF will be behind Dogecoin by flipping two meme coins (PEPE and Shiba Inu). bull running finished. WIF has already shown its intentions during this bull market, rising more than 1.600% year-to-date, outperforming PEPE and all other cryptocurrency tokens in the top 50 by market capitalization.
At the time of writing, PEPE is reportedly trading at around $0.000006979, down more than 8% in the last 24 hours. data From CoinMarketCap.
Price trending at $0.0000069 | Source: PEPEUSDT on Tradingview.com
Featured image from Decrypt, chart from Tradingview.com