Pepe remains up 74% this month despite the market being awash with red on Monday. So, will we see it pump to a new all-time high (ATH) in May?

Excitement is building, but smart traders are eyeing Pepe alternatives to yield bigger gains. One is called MIND of Pepe, and it's approaching the landmark $10 million raised milestone in its presale.

The meme coin market is heating up, with Pepe leading the charge despite facing a setback on Monday as the market pulledback.

Can it continue to pump to a new all-time high (ATH) in May?

Excitement is building, but smart traders are eyeing pepe alternatives to yield even bigger gains. One is called MIND of Pepe, and it's approaching the landmark $10 million raised milestone in its presale.

Pepe Threatens Dogecoin, Shiba Inu With Monthly Strength

Currently ranking third among meme coins behind Dogecoin and Shiba Inu, pepe has massively outperformed recently.

While Dogecoin has shown signs of regaining strength over the past year, buoyed by Elon Musk taking the lead role at the Department of Government Efficiency (D.O.G.E.), pepe is back on form this month.

It's up 74%, compared to 36% for Dogecoin and 15% for Shiba Inu.

This relative strength signals that pepe is favored in current market dynamics, which could see it keep rising faster if the market rally continues in the weeks and months ahead.

Currently, pepe has a $5.4 billion market cap, while Shiba Inu's is $8.2 billion. A 51% price increase would see pepe overtake SHIB, which could happen before the end of May according to crypto trader Mysons.

$Pepe will flip Shib by May. 🧪pic.twitter.com/s5stHz1uFa

— Mysons / MayTheSonsShine (@MayTheSonsShine) April 23, 2024

This threatens the meme coin hierarchy as it shows that investors are choosing to buy pepe over other major meme coins, reflected by this month's performance.

If this continues, pepe could certainly take second spot, or maybe even challenge Dogecoin for the meme coin throne before this cycle ends.

But it's not just traders who are bullish on pepe.

Prominent analyst Crypto Patel expects the frog-themed meme coin to rally throughout the remainder of May.

According to the analyst, the meme coin is primed for an uptick to $0.00011 this cycle, marking a 762% gain from its current price.

The analyst suggests that pepe has recently created a bottom pattern formation inside a higher time frame uptrend.

He anticipates pepe's uptrend will breach the current all-time high (ATH) of $0.00002825 by June before a support retest, followed by its final uptick throughout Q3.

My count says #PEPE has created a bottom pattern formation & bounced off the Fib support.

Expecting a final rally towards Q3 towards the 0.0825 fib, which is also the previous ATH at 0.00002825.

Last leg up should take us to 0.0001 fib, which is also the 762% fib extension from the final wave IV. pic.twitter.com/Y9xYQ9Z61v

— Crypto Patel (@Crypto__Patel) April 23, 2024

Interestingly, this closely aligns with the $50 billion price target that numerous high-profile traders have been watching for months, if not years.

For instance, Max Schwartzman, a prominent meme coin analyst and the CEO of Because Bitcoin, says that he has been eyeing a $50 billion pepe for over 18 months.

Nothin' changed. The 50B prophecy was foretold over 18 months ago. $PEPEhttps://t.co/W68q7911yG

— Max Schwartzman (@Max__Schwartzman) April 24, 2024

But like many others, Shwartzman doesn't expect the biggest gains to come from pepe this year – he believes pepe-related tokens will rise higher. Some of Schwarzman's picks include Andy, Brett, and Wolf.

However, a new pepe-themed meme coin has emerged called MIND of Pepe, and it's equipped with its own AI agent. Experts think this provides $MIND with a clear edge.

MIND of Pepe Tipped for 100X Gains as Presale Nears $10M

With innate AI utility, MIND of Pepe separates itself from other pepe-themed meme coins on the market, laying the foundations for massive interest as the pepe price rises.

MIND of Pepe has its own AI agent that scans the market for trading opportunities, which it shares with $MIND. It can also launch its own crypto projects, and $MIND holders will get insider access to these.

Pepe investors will take profits and look for ways to compound their gains as the price rises, and this makes MINDE pepe a perfect opportunity. It's not just an