Trader Forecasts a Memecoin Surpassing Shiba Inu, Climbing to the 13th Place as One of the Largest Cryptocurrencies by Market Capitalization.

Trader Forecasts a Memecoin Surpassing Shiba Inu, Climbing to the 13th Place as One of the Largest Cryptocurrencies by Market Capitalization.

A trader renowned for his accurate predictions in the cryptocurrency market believes that a popular memecoin is on track to significantly increase its value. Last week, an analyst known as Hsaka, who has a large following on the social media platform X, stated that he expects the frog-themed memecoin Pepe (PEPE) to surpass its competitor Shiba Inu (SHIB) in terms of market capitalization. At the time, PEPE was ranked as the 28th-largest cryptocurrency by market cap. Since then, the Ethereum-based memecoin has experienced a remarkable surge, with its value increasing by approximately 71% in just a few days. Hsaka shared another chart illustrating that PEPE has surpassed six other cryptocurrencies in terms of market cap rankings. Hsaka isn’t the only crypto strategist who is optimistic about PEPE’s future. Another analyst named Kaleo, who has a significant following on X, stated that based on the performance of SHIB and Dogecoin (DOGE) in previous market cycles, PEPE could potentially witness substantial gains in this bull market. Kaleo pointed out that PEPE’s current market cap is only $6 billion, whereas DOGE reached a peak market cap of $75 billion and SHIB nearly reached $50 billion in the previous cycle. As of now, PEPE is valued at $0.0000152, reflecting a 7% increase in the past 24 hours.

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