- Major listings boosted PEPE’s trading volume by 228%, reaching $20.62 billion in 24 hours and making it the sixth most-traded cryptocurrency.
- Max from BecauseBitcoin predicts PEPE could gain 858%, mirroring Shiba Inu’s 2021 rise.
- Shiba Inu’s lead, Shytoshi Kusama, defended SHIB’s innovation, announcing an educational campaign to highlight its ecosystem and achievements.
In the world of memecoins, few stories are as explosive as Shiba Inu’s (SHIB) 2021 rally. Max, CEO of BecauseBitcoin, is drawing bold parallels between SHIB’s historic surge and the current trajectory of PEPE. According to his analysis, PEPE might be on the brink of a similar meteoric rise, especially after securing major listings on Coinbase and Robinhood.
These high-profile listings have already had a profound impact on PEPE’s trading activity. Following its debut on these platforms, PEPE’s trading volume shot up by an impressive 228%, reaching a staggering $20.62 billion in just 24 hours. This jump in activity has pushed PEPE to the sixth position in the most-traded cryptocurrencies, representing 5.45% of the total crypto market volume. Such momentum is sparking interest, with Max predicting that PEPE could experience gains as high as 858% over the coming months.
The dramatic increase in PEPE’s price and trading volume mirrors the SHIB phenomenon in 2021, which saw an unprecedented 864% surge in a short span after a similar phase of mainstream exposure. At its peak, SHIB reached $0.00008845, capturing significant attention and even challenging Dogecoin’s market cap. Max argues that a similar trajectory for PEPE could send its price to $0.00019, driving its market cap to $80 billion—higher than both Dogecoin’s ($57.3 billion) and SHIB’s ($15.04 billion).
While these predictions remain speculative, the metrics paint a compelling picture. PEPE’s value climbed 186% since Nov. 4, reaching an all-time high of $0.00002596. With growing interest, particularly from retail investors seeking the next big meme coin, the numbers could set the stage for a new milestone in the meme coin market.
Shiba Inu’s Journey and Community Defense
Meanwhile, the Shiba Inu community has faced criticism regarding its perceived lack of innovation. Recently, crypto news outlet Corleone Alpha News took aim at SHIB, calling it outdated in comparison to emerging assets. This sparked backlash from Shiba Inu’s loyal community and prompted a public response from Shytoshi Kusama, SHIB’s lead. Kusama defended SHIB’s development, pointing to its extensive ecosystem that now includes a Layer-2 blockchain, a decentralized exchange, and other innovations.
In a bid to educate the public on SHIB’s achievements beyond memecoin status, Kusama announced plans for an educational campaign. The initiative, which will be rolled out via podcast, aims to inform users of SHIB’s diverse projects and its drive for technology-driven growth.
However, talking about the frog-themed meme coin, Max believes PEPE could reach a $50 billion market cap, a milestone previously hit by SHIB and DOGE in 2021. With PEPE’s upward momentum and the recent boost from high-profile listings, it remains to be seen if this new star in the meme coin arena can replicate SHIB’s historic highs before undergoing a potential pullback. Whether PEPE lives up to the hype will depend on how it captures and retains the interest of both new and seasoned crypto investors.
