Pepe to Flip Shiba Inu After Hitting New All-Time High?
Release: 2024/12/09 23:19 Reading: 875
After Pepe hit an all-time high (ATH) on Sunday, it now stands at just $7.2 billion from overtaking Shiba Inu.
Will we see a new flipping this year?
Pepe Takes ATH, Shiba Inu Flatlines
Pepe coin has shown considerable strength over the past 48 hours, rallying while many other meme coins struggle.
It's currently trading at $0.00002625, up 23% this week after creating a new ATH on Sunday. It reached a high of $0.00002748, just 4% higher than its current price.
Pepe is also up significantly this month, with a whopping 150% gain.
Its market cap is $11 billion, which is just $7.2 billion less than Shiba Inu's.
Shiba Inu is up 67% this month but has started to slow today with a 5% selloff, while Pepe continues to surge.
Meanwhile, Pepe's trading volume trumps Shiba Inu's. $6.38 billion worth of Pepe tokens have changed hands over the past 24 hours, compared to $1.2 billion of Shiba Inu tokens.
This shows that the market's attention is very much set on Pepe right now, laying the way for further growth in the weeks ahead.
As such, analyst Res suggests Pepe will flip Shiba Inu on its next leg up.
https://twitter.com/resdegen/status/1865434840020971951
But how far can Pepe go?
Pepe Trader Predicts 3-10X Move Ahead
Well-known Pepe trader Plazma says the frog-themed meme coin could give between 3-10x gains from here, suggesting that the recent breakout marks the beginning of a higher time-frame rally rather than the end of the uptrend we've seen thus far.
https://twitter.com/Plazma0x/status/1865528240514740337
Other analysts share this sentiment. Analyst Whale suggests Pepe's ATH will spark another short-term rally toward $0.000031.
https://twitter.com/TradelikeWhale/status/1864649320915480667
Pepe looks strong on both a lower and higher time frame. The total crypto market cap is down today, yet investors continue to buy Pepe. Indeed, that's a good sign for its future.
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