PEPE Now Only Doubled Again To Exceed Shiba Inu Market Capitalization

PEPE is now only 2 times more to surpass the Shiba Inu (Photo; Doc. Techbullion) market capitalization.

JAKARTA - The crypto community is discussing the potential for Ethereum-based meme coins, namely PEPE. This meme coin is predicted to have the potential to surpass the Shiba Inu (SHIB) market capitalization, which is currently the second largest meme coin.

Based on a report from Whale Insider, PEPE is currently priced at around 0.00001255 US Dollars (approximately Rp0.21) and needs to experience a double price increase to match SHIB's market cap, which is currently trading at a price of 0.00001755 US Dollars (approximately Rp0.29).

This price gap sparked significant speculation among the crypto community. If PEPE manages to match SHIB's market capitalization, the price will rise to around 0.00002457 US Dollars (around Rp0.40), or an increase of about 1.96 times from the current value. Currently, PEPE's market capitalization reaches 5.26 billion US Dollars (around Rp86 trillion), about 0.51 times from SHIB's market capitalization which reaches 10.3 billion US Dollars (around Rp168 trillion).

Recent reports from Whale Insider highlight the rapid rise of PEPE in the crypto market. Market participants and PEPE supporters expressed their joy at the potential of this meme coin to surpass SHIB. One comment emphasizes PEPE's impressive rise, while others hint that this coin may still have a more significant growth potential in the future. This sentiment reflects the community's belief that PEPE's latest rise could be just the beginning of a more lucrative long journey.

A graph from CoinMarketCap shows a 24-hour price comparison between PEPE and SHIB from June 26 to June 27. The graph indicates that PEPE is experiencing greater volatility than SHIB, with sharper price drops and recovery. Both of these crypto assets initially experienced a downward trend, reaching their lowest point at around 01: AM.

After that, the two showed signs of recovery, with PEPE displaying sharper peaks and valleys. At the end of that period, both PEPE and SHIB were on an upward path, with PEPE ending slightly above its previous low, while SHIB was recovering more stable.

In addition, early June's data showed a surge in interest in PEPE, surpassing more prominent assets such as XRP and Shiba Inu in trading volume. At the time, PEPE reached an impressive 30-day trading volume, exceeding 41 billion US Dollars (approximately IDR 671 trillion), with 2.86 quadrillion trading PEPE tokens.