Historical patterns suggest memecoins like $PEPE could see significant upside if Ethereum rallies. When ETH hit its $4,600 all-time high in late 2021, $SHIB reached a $40 billion market cap. If ETH reclaims that level, $PEPE—with its stronger community momentum and broader exchange support—could realistically target a similar $40 billion valuation. An even more bullish scenario, like ETH reaching $10k, might propel $PEPE toward a $90-100 billion market cap as retail and institutional interest surges. The key drivers? Liquidity rotations into high-beta assets during altseason, combined with $PEPE’s viral appeal and improving tokenomics. While past performance doesn’t guarantee future results, the frog could indeed leapfrog the dog this cycle.