PEPE Price vs. SHIB: Can PEPE Overtake Shiba Inu with Current Coin Momentum?

PEPE's price is surging, challenging Shiba Inu's dominance. This article dives into the coin momentum, analyzing PEPE's potential to flip SHIB and exploring alternative crypto opportunities.

PEPE Price vs. SHIB: Can PEPE Overtake Shiba Inu with Current Coin Momentum?

The meme coin market is heating up! PEPE is making waves, closing in on Shiba Inu's territory. Is PEPE set to dethrone SHIB? Let's dive into the coin momentum.

Pepe's Rise: A Serious Contender

PEPE is gaining serious traction, currently priced around $0.00001390, not far from Shiba Inu's $0.00001516. With a market cap exceeding $5 billion and daily trading volumes surpassing $1 billion, PEPE demonstrates increasing liquidity and retail interest. It started as a joke, but PEPE's rise is very real.

Shiba Inu's Position

Shiba Inu still boasts a larger market cap of around $8 billion, but its trading volume has declined by nearly 14%. This shift in momentum favors PEPE. Is it temporary? Maybe not.

Can PEPE Flip SHIB?

The million-dollar question: Can PEPE surpass SHIB? At the current rate, it's a real possibility. PEPE's growing presence on exchanges and whale accumulation patterns support this potential flip. Some traders even believe PEPE could be the next 100x crypto, reminiscent of early SHIB days.

Factors Driving PEPE's Momentum

• Community Building: PEPE's narrative is evolving beyond mere vibes, focusing on building a strong community.
• Exchange Outflows: PEPE is showing signs of renewed strength, rising nearly 57% in the past month. Since July 16, almost 17.9 trillion PEPE tokens have left exchanges, reflecting a consistent week-long pattern of outflows.
• Holder Confidence: These outflows suggest holders are shifting their tokens to private wallets, indicating confidence and reducing near-term sell pressure.

A Contrarian View: The Case for SHIB

Don't count SHIB out just yet! Crypto analyst Maddox predicts a potential 126% rally for Shiba Inu, targeting $0.00003579. SHIB has surpassed Litecoin, climbing to the 18th largest cryptocurrency by market cap. Bullish divergence in the Relative Strength Index (RSI) supports this outlook. Other analysts, like Javon Marks, also foresee significant gains for SHIB.

Final Thoughts: Meme Coin Mania

The meme coin market is wild, isn't it? Whether PEPE flips SHIB remains to be seen. Both coins have potential, but remember to do your own research before diving in. And hey, while you're at it, maybe check out some projects solving real-world problems too. But for now, let's enjoy the ride and see where this meme coin momentum takes us!