A popular crypto trader believes that a rising memecoin called Pepe (PEPE) is poised for a massive surge, potentially dethroning Shiba Inu (SHIB) as the 13th-largest cryptocurrency by market capitalization.
Pepe’s Rapid Rise
Last week, analyst Hsaka predicted that PEPE would soar in value. Since then, the Ethereum-based memecoin has rallied by an impressive 71%. Hsaka’s chart shows that PEPE has already surpassed six other crypto assets in terms of market cap.
Bullish Sentiment
Hsaka is not the only analyst bullish on PEPE. Fellow analyst Kaleo suggests that the memecoin could experience significant gains, similar to SHIB and Dogecoin (DOGE) during the previous bull market. He notes that PEPE’s current market cap of $6 billion is still relatively low compared to DOGE’s peak of $75 billion and SHIB’s near $50 billion valuation.
Current Value
At the time of writing, PEPE is trading at $0.0000152, up 7% in the past 24 hours.
