Can PEPE Surpass Shiba Inu by 2024’s End? ChatGPT Answers
Release: 2024/12/08 15:29 Reading: 547
Can PEPE Topple Shiba Inu by 2024's End?
TL;DR:
PEPE's recent surge has fueled speculation about its potential to overtake Shiba Inu as the second-largest meme coin by market capitalization. However, experts remain cautious due to SHIB's established ecosystem and strong community support.
PEPE vs. SHIB
CryptoPotato reported PEPE's impressive rally yesterday, hitting a new all-time high of over $0.000026. Despite a slight retracement, PEPE remains above $0.000025, with a market cap approaching $11 billion. While this trails SHIB's $19 billion market cap, PEPE has outperformed its rival in recent months, posting gains of 135% against SHIB's 70%.
Community Speculation
The community has eagerly debated whether PEPE will eventually surpass SHIB. Some analysts believe it's inevitable, citing PEPE's global recognition and momentum.
Trading Volume
During its recent surge, PEPE also overtook SHIB in trading volume, according to on-chain data. PEPE currently ranks as the fifth most traded cryptocurrency (excluding stablecoins), with a trading volume nearly three times that of SHIB.
ChatGPT's Perspective
When asked for its opinion, ChatGPT acknowledged PEPE's growth potential and outperformance against SHIB. However, it also highlighted SHIB's established ecosystem and whale activity as advantages. ChatGPT concluded that a complete flip is unlikely in the short term unless there are significant shifts in their respective ecosystems.
Conclusion
While PEPE's recent surge has raised hopes, analysts remain cautious about its ability to surpass Shiba Inu by the end of 2024. SHIB's strong community support, established ecosystem, and Layer-2 network provide it with a competitive edge over PEPE, which primarily relies on market hype and community momentum.
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