An analyst from the YouTube channel Crypto News with over 13k subscribers was talking about what’s happening with PEPE’s price. He pointed out how meme tokens are really taking off right now, with Pepe and Shiba Inu being the biggest names.
These two tokens have been getting a lot of hype – everyone’s been watching Pepe, especially since its recent price jump. Now people are wondering if Pepe might actually become bigger than Shiba Inu. Let’s look at what’s going on with these two.
What you'll learn 👉
PEPE’s Recent Market Performance
The price of Pepe has seen significant momentum in recent weeks, particularly following its listing on Coinbase. The token is up 145% since the listing, which boosted its visibility and trading volume.
Pepe has grown to a massive $11.2 billion market cap, making it one of the biggest crypto projects this year. In the last day it went up just 1.5%, but looking at the whole month, it’s been on an incredible run.
The ecosystem surrounding Pepe includes various initiatives, such as the Pepe blockchain and multiple token variations, which contribute to its appeal. While analysts acknowledge the impressive rally, they caution that Pepe may not sustain this level of exponential growth indefinitely.
Shiba Inu’s Established Dominance
Shiba Inu is still a major player in meme coins. Back when it peaked, it hit around $40 billion in value. This benchmark underscores its dominance and the level of adoption it has achieved within the crypto community. Pepe’s current market cap suggests a significant gap that would need to be bridged to overtake Shiba Inu.
For Pepe to catch up to what Shiba Inu once was, it would need to grow way beyond $100 billion. While not impossible, most people don’t see this happening anytime soon.
Read Also: This Trader Predicts SUI Price to Pump – ‘It’s Time for $5 Now’
Comparative Analysis of Growth Potential
Market experts suggest that while Pepe has seen substantial growth, it is unlikely to achieve the same scale as Shiba Inu. They predict that even if Pepe briefly matches Shiba Inu’s market cap, maintaining such a position would be challenging.
Meme coins live and die by what people think of them and how active their communities are. Pepe and Shiba both have lots of devoted fans, but Shiba has been around longer and proven it can stick around.
Community Engagement and Investor Sentiment
These tokens owe much of their success to active communities and a strong social media presence. Tweets and discussions about Pepe and Shiba Inu often trend within the crypto space, driving engagement and speculation. The role of these communities cannot be understated, as they significantly influence the perception and momentum of these tokens.
As Pepe’s price continues its upward trend, market participants eagerly watch to see whether it can challenge Shiba Inu’s dominance. While the possibility exists, many remain skeptical of its ability to maintain such growth long-term.
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