Ethereum
Pepe surpasses Ethereum Classic in terms of market capitalization
Alex Dovbnya
Will Pepe (PEPE) manage to surpass Shiba Inu (SHIB) in terms of market capitalization?
Read U.TODAY on
Google News
The cryptocurrency Meme Pepe (PEPE) has managed to overtake Ethereum Classic (ETC) in terms of market capitalization, according to data provided by CoinGecko.
PEPE is up almost 10% in the last 24 hours, according to CoinGecko data. Its market now exceeds $4 billion.
Even after the latest price surge, PEPE is still down 9% from its all-time high of $0.00001064 reached on March 12.
Will Pepe become the biggest coin?
Pepe is currently ranked 28th cryptocurrency by market capitalization, according to CoinGecko.
It has a lot of catching up to do to match the market value of current meme coin leaders, Dogecoin (DOGE) and Shiba Inu (SHIB). DOGE and SHIB are valued at $21.7 billion and $14 billion, respectively.
That being said, analyst Murad Mahmudov recently predicted that Pepe would eventually overtake Shiba Inu (SHIB) in terms of market capitalization. He even stated that DOGE could be overthrown by PEPE in the future.
Mahmudov’s argument hinges on the fact that Pepe is a “sectarian community” with 10 million unique members. This makes it “perpetually” relevant to modern culture.
Dogecoin only has one image while Shiba Inu “has no memes to speak of.”
About the Author
Alex Dovbnya
Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience covering everything related to this booming industry, from price analysis to blockchain disruption. Alex has authored over 1,000 articles for U.Today, CryptoComes and other fintech media. He is particularly interested in regulatory trends across the world that are shaping the future of digital assets. He can be contacted at alex.dovbnya@u.today.