The audacious prediction that the Pepe price climb will continue until it overtakes Shiba Inu as the second-largest meme coin was made by the crypto analyst and newsletter writer for Delphi Digital, @cryptunez.
His price projection for Pepe comes after the cryptocurrency has had a 65% correction from its current blow-off top and has returned to a market valuation of less than $1 billion (roughly $750 million in the wake of the most recent round of Binance FUD regarding it stopping withdrawals).
The cryptocurrency token that is now seeing the most interest on CoinMarketCap will need to experience a sevenfold increase in price before it can overtake Shiba Inu in terms of market capitalization. Shiba Inu has lost a sizeable portion of its value over the course of the past month and is currently trading at just over $5 billion.
Alternatively, both the price of Shiba Inu and its market cap could continue to fall. @cryptunez has referred to Shiba Inu as “an over-valued, unoriginal DOGE clone who touts fake utility,” calling it “not only the most overvalued asset in crypto but the most overvalued asset in the world.” Shiba Inu is a cryptocurrency.
Tunez, who has been trading cryptocurrencies since 2017 and has built up a following of 154,000, tweeted on May 9 the following:
This main selling point of having a low token price that attracts short attention span retail investors hunting for the next Bitcoin – or next Dogecoin – also applies to Pepe currency. His prognosis for the price of Shiba Inu is that it is overrated, and the same reasoning applies to the Pepe coin.
Pepe has a maximum supply of 420 trillion tokens, which contributes to its alluringly low price, which is currently just under $0.000002 per token. On the day that Binance announced they would list Pepe (PEPE), the price peaked at just over $0.000004 per token. It also still has a low market value, which is problematic in the event that the next crypto bull run is just around the corner.
“$SHIB is a dinosaur meme coin that has lost both its charm and its primary distinction in this hypercompetitive market for attention.” The one and only story that can be told about it now is that it is overpriced junk that will soon reach zero.
Dogecoin Price Prediction
Although he did not give a particular Dogecoin price prediction, he seems to be neutral to optimistic on the Elon Musk favorite and thinks DOGE will be around, noting that “if you want to buy a dog coin, you buy DOGE.” He did not make a specific prognosis for the price of Dogecoin. In contrast, he believes that the appeal of a coin with a low market cap and a high supply now firmly belongs to the PEPE coin and not the SHIB coin, as ‘the money has been made’ in $SHIB.
Since its all-time peak in October 2021, when it reached as high as a market cap of over $40 billion, firmly among the top 10 cryptos – which Dogecoin is still sitting in 8th with a market cap of $10 billion – the Shiba Inu price has been in a bearish slump. During this time, the price of Shiba Inu rose as high as an all-time high.
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