Can PEPE Surpass Shiba Inu (SHIB) in Market Capitalization?
With the ongoing crypto bull market, meme coins have seen remarkable growth. This week, Bitcoin reached an all-time high of $89,000, and Dogecoin (DOGE) surged over 100% in the past seven days, according to CoinMarketCap. Similarly, Pepe (PEPE) has shown a 24% rise in market cap over the last day, raising questions about its potential to eventually overtake Shiba Inu (SHIB) in market cap.
The recent meme coin boom appears linked to 2024’s U.S. presidential election results, with Donald Trump’s victory suggesting a pro-crypto administration. As his term approaches, the crypto sector could experience another surge, potentially positioning Pepe as a top meme token alongside Dogecoin.
Could PEPE Outrank SHIB as the Second-Largest Meme Coin?
The past year has marked exponential growth across the crypto market, with major institutional players like BlackRock and Fidelity expanding their crypto portfolios. Simultaneously, meme coins have gained increased traction, and attention now turns to PEPE’s potential to challenge SHIB’s market cap.
Launched in April 2023 as a tribute to the popular Pepe the Frog meme, PEPE quickly gained traction within a supportive community. As the crypto bull run continues, PEPE’s value has risen substantially.
Over the past week, PEPE increased by 90% and surged 45% in a single day, reaching a price of $0.000019 and an $8 billion market cap. Meanwhile, Shiba Inu has risen by 37% in the past week, holding a $15 billion market cap but not keeping up with the latest meme coin momentum. This raises the question: can PEPE bridge the gap and surpass SHIB’s market value?
The answer lies in PEPE’s continued performance. While SHIB’s growth has slowed, PEPE’s ongoing momentum could lead to a shift in meme coin rankings by 2025 if trends persist.
Here’s a list of the top 5 cryptocurrency exchanges where you can track real-time data for coins like PEPE and SHIB:
- Binance — www.binance.com
- Coinbase — www.coinbase.com
- Kraken — www.kraken.com
- KuCoin — www.kucoin.com
- Gemini — www.gemini.com
For further insights on this topic, you can check out articles on top cryptocurrency market trends and exchange comparisons. Medium often features articles about these platforms and crypto market updates.
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