The crypto community is well aware of the fluctuations that happen in the market, especially in the case of meme coins.
The Pepe coin has been gaining popularity since its launch. PEPE has shown a growth of 1000% this year which raises the question of whether it will overtake Dogecoin and Shiba Inu in 2024.
PEPE has a very devoted community that backs up the network. Will the meme frog surpass the meme dogs of the cryptocurrency market?
Pepe’s remarkable increase in the price charts and market value, surpassing $1 billion exhibits the impact of excitement and speculation in the crypto market.
Even though PEPE has no inherent value or potential for positive financial returns, the coin’s success displays the impact of community-driven projects in the cryptocurrency market.
PEPE’s potential growth is influenced by various factors including market sentiment, community support, and competition.
But the real question is whether it will be titled as the kingpin of meme coins. Can it overtake Dogecoina and Shiba Inu in 2024?
Let us analyze it using the price predictions of PEPE compared to Dogecoin and Shiba Inu.
Will PEPE overtake Dogecoin in 2024?
Dogecoin became a mainstream hit in 2021, powered by co-signs from personalities like Elon Musk. Dogecoin has secured its place in the Web3 world and exhibited the power of a dedicated community.
Pepe and Dogecoin display different market performances and trends in the network. Pepe, being a relatively new coin to the market, has experienced a significant spike in price since its launch.
By the end of 2024, Pepe Coin is said to be reaching a value of $0.000028 which is up 350% meanwhile Dogecoin price might reach $0.45 which is down 24%.
The price predictions and the popularity gain of PEPE make it clear that it might overtake Dogecoin by the end of 2024 if not earlier.
As Dogecoin has taken a hit down the chances of PEPE taking the title of better meme coin is possible.
Will PEPE overtake Shiba Inu in 2024?
PEPE has witnessed a growth of 8.06% over the past month and grips a huge market cap of $3.31 billion, placing a position in the top 30 cryptocurrencies.
On the other side, Shiba Inu presents a different flow in the price charts. The token is currently worth $0.00002398 and has seen a decrease of 2.6% in value in the last day. SHIB has also experienced drops of 9.42% and 14.45% over the last week and month.
The price predictions and the current value present a drop in the market of Shiba Inu. Social media has also been facing its attention to the newly emerged PEPE rather than Shiba Inu. This raises the possible assertion that PEPE overtakes the SHIB.
The Future of PEPE
Meme coins are prominent in the crypto market for lifting up the state and sentiment of investors and PEPE has succeeded in it.
PEPE entered the crypto market with a total surprise and shook the meme coin world. In just a span of 20 days, it surpassed its $1 billion market capitalization.
The price predictions also speak highly of the future of PEPE as well. The price charts of the coin show a spike in the coming years claiming that PEPE might be a good investment for the future. The popularity also appears to be in a similar way.
Currently, crypto investors might be thinking of investing in PEPE due to its sudden rapid popularity and turning their fortune in a short period.
But, if we take a closer look at the price charts and understand that memes coin can take a fall anytime, thus investors must not get carried away by PEPE’s temporary popularity which might end anytime soon.
Conclusion
PEPE has gained a lot of popularity in recent times and is said to surpass Dogecoin and Shiba Inu in 2024 and to be titled the leader of meme coins.
Despite that one should not forget that PEPE Coin is intended only for entertainment purposes and does not contain any intrinsic value and therefore should not expect an investment return from it.
Disclaimer: meme coin investments are highly speculative and volatile. This article is only for informational purposes and should not be considered as a financial suggestion or advice
