PEPE price surges 10% beyond Uniswap: Can it surpass Shiba Inu and Dogecoin? The content of the article does not constitute a basis for buying and selling, investment is risky, and you need to be cautious when entering the market!

PEPE price surges 10% beyond Uniswap: Can it surpass Shiba Inu and Dogecoin? Golden Finance

Rong Qing said coin 29 minutes ago 69

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A well-known trader supports Pepe coin to replace Shiba Inu coin (SHIB), which has been competing for Dogecoin (DOGE) in the top ten currencies.

PEPE recently hit a record high and ranked among the top 20 tokens in the market.

As Memecoins continue to gain popularity in 2024, Pepe coin (PEPE) is one of the best performing coins. In recent days, the coin has risen to a record high. PEPE broke through multiple resistance levels and hit a record high, becoming the best performing altcoin among high-market-cap coins.

At the time of writing, PEPE is trading at $0.00001666, up 4% in the past 24 hours. This extends the memecoin’s weekly gains by 78%, making it the best performing memecoin on the market. PEPE has outperformed its competitors Shiba Inu (SHIB) and Dogecoin (DOGE), the latter of which has a higher market cap.

The recent performance has seen Pepe briefly break out of the top 20 coins. At the time of writing, the memecoin has a market cap of just over $6.9 billion, making it the 21st largest altcoin on the market. For comparison, Uniswap (UNI), which is ranked 20th, has a market cap of $8.3 billion. Pepe Bulls needs to break out again and gain higher support levels to ensure it remains among the top 20 coins.

Much of Pepe’s recent performance can be attributed to the recent futures listing by Coinbase. As investor interest has increased, demand for the memecoin has also soared. Additionally, the frog-themed memecoin has also been favored by a large number of whales.

In light of recent developments, Hsaka, an anonymous analyst known for making timely predictions, shared his thoughts on PEPE. In his recent prediction, the crypto analyst said that he expects PEPE to continue on its bullish path and surpass Shiba Inu (SHIB).

At the time of writing, SHIB is ranked 12th with a market cap of $15.1 billion. However, SHIB’s performance is only a fraction of what PEPE has achieved in the past seven days. SHIB has surged 7% in the past seven days.