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Cryptocurrency News Articles

Shiba Inu Leader's Massive Defense: Could PEPE Mirror SHIB's 2021 Gains?

Nov 15, 2024 at 04:02 pm

In the world of memecoins, few stories are as explosive as Shiba Inu's (SHIB) 2021 rally. Max, CEO of BecauseBitcoin, is drawing bold parallels between SHIB's historic surge and the current trajectory of PEPE.

Shiba Inu Leader's Massive Defense: Could PEPE Mirror SHIB's 2021 Gains?

In the realm of memecoins, Shiba Inu's (SHIB) meteoric rise to fame during 2021 remains a captivating tale. Now, a bold comparison is being drawn between SHIB's historic surge and the current trajectory of PEPE.

According to the analysis presented by Max, CEO of BecauseBitcoin, PEPE might be poised for a similar astronomical ascent, especially following its major listings on Coinbase and Robinhood.

These high-profile entries have already had a profound impact on PEPE's trading activity. After debuting on these platforms, PEPE's trading volume surged by an impressive 228%, reaching a staggering $20.62 billion in just 24 hours.

This remarkable surge in activity propelled PEPE to the sixth position among the most-traded cryptocurrencies, accounting for 5.45% of the total crypto market volume. Such momentum is bound to pique interest, and Max predicts that PEPE might experience gains of up to 858% over the coming months.

The dramatic increase in PEPE's price and trading volume不禁让人联想到2021年SHIB的现象,在经历了类似的主流曝光阶段后,其价值在短时间内飙升了864%。

At its peak, SHIB reached $0.00008845, garnering massive attention and even rivaling Dogecoin's market capitalization. Max suggests that a similar trajectory for PEPE could drive its price to $0.00019, pushing its market cap to $80 billion—surpassing both Dogecoin's ($57.3 billion) and SHIB's ($15.04 billion).

While these predictions remain speculative, the metrics for PEPE's performance are certainly compelling. Since Nov. 4, PEPE's value has climbed by 186%, reaching an all-time high of $0.00002596.

With growing interest, particularly from retail investors seeking the next big meme coin, these numbers could pave the way for a new milestone in the meme coin market.

Shiba Inu’s Journey and Community Defense

In other news, the Shiba Inu community has been rallying to its coin's defense following criticism about its lack of innovation.

Recently, crypto news outlet Corleone Alpha News slammed SHIB, claiming it's old news compared to newer assets. This sparked a backlash from Shiba Inu's loyal community, prompting a public response from Shytoshi Kusama, SHIB's lead.

In his statement, Kusama defended SHIB's development, highlighting its expansive ecosystem that now boasts a Layer-2 blockchain, a decentralized exchange, and other innovations.

To counter the narrative that SHIB is merely a memecoin, Kusama announced an educational campaign in the works. This initiative will reportedly use podcasts to inform users about SHIB's diverse projects and its drive for technology-led growth.

However, talking about the frog-themed meme coin, Max believes PEPE could reach a $50 billion market cap, a milestone previously hit by SHIB and DOGE in 2021.

With PEPE's upward momentum and the recent boost from high-profile listings, it remains to be seen if this new star in the meme coin arena can replicate SHIB's historic highs before potentially facing a pullback. Whether PEPE lives up to the hype will largely depend on how it captures and sustains the interest of both new and experienced crypto investors.

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Other articles published on Nov 15, 2024