Pepe Coin Surges Past Shiba Inu in Trading Volume, Signaling a Potential Price Increase

The Pepe coin has recently experienced a surge in trading activity, surpassing its memecoin competitor, Shiba Inu, in trade volume. This metric is important as analysts see a potential increase in the Pepe price, possibly exceeding Shiba Inu in the coming months.

Pepe Coin Surges Past Shiba Inu in Trading Volume, Price Poised to Follow Suit

The Pepe coin has not experienced a bull run cycle prior to this, presenting an opportunity for traders to capitalize on the potential price surge.

As we approach the next bull run cycle, which is expected to begin in March 2025, anticipation is building for memecoins like Pepe Coin to experience a price increase.

While SHIB remains the top dog among memecoins, ranking 12th by market cap, Pepe Coin is quickly catching up, currently sitting at 18th place.

With a trading volume of $5.38 billion in the past 24 hours, Pepe Coin is not only outpacing SHIB, which stands at $1.40 billion, but is also approaching Dogecoin (DOGE), the world’s largest memecoin by market cap, which is currently at $8.44 billion.

This proximity in trading volume bodes well for PEPE price, as traders are betting on a price increase for the frog-themed memecoin, which was launched in April 2023.

Typically, an increase in trading volume precedes a price increase, suggesting that PEPE price may experience a parabolic surge in the coming weeks.

However, Pepe Coin still has a significant gap to close in terms of market cap. SHIB is currently valued at $14.74 billion, while Pepe Coin is at $8.98 billion.

If Pepe Coin manages to maintain its current momentum, it could potentially overtake SHIB during the peak of the alt season, which is expected in March 2025.

For Pepe Coin to achieve this, it would require consistently higher percentage increases in market cap while SHIB remains relatively stagnant or experiences slower growth.