Altcoins

Trader Predicts One Red-Hot Memecoin Dethroning Shiba Inu and Becoming 13th-Largest Crypto by Market Cap

A dealer recognized for making well timed crypto market calls thinks that one surging memecoin is poised to greater than double its valuation.

Early final week, pseudonymous analyst Hsaka advised his 554,600 followers on the social media platform X that he believes frog-themed memecoin Pepe (PEPE) will soar in market cap en path to dethroning its rival Shiba Inu (SHIB).

On the time, PEPE was the Twenty eighth-largest crypto by market cap.

Supply: Hsaka/X

Since then, the Ethereum (ETH)-based memecoin has been on a tear, rallying by about 71% in a matter of days. Hsaka shares one other chart displaying that PEPE has leapfrogged six different crypto belongings by way of market cap rankings.

“Update: the climb to the top continues.”

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Supply: Hsaka/X

Hsaka just isn’t the one crypto strategist bullish on PEPE. Fellow analyst Kaleo tells his 640,600 followers on the social media platform X that it’s throughout the realm of chance for PEPE to witness huge positive factors on this bull market based mostly on the efficiency of SHIB and Dogecoin (DOGE) final cycle.

“PEPE is only at a $6 billion market cap. DOGE hit a max market cap of $75 billion last cycle, and SHIB hit nearly $50 billion. I think it’s safe to say there’s still plenty of upside for the frog.”

At time of writing, PEPE is value $0.0000152, up about 7% prior to now 24 hours.

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