The Analyst’s Response: Could PEPE Outperform Dogecoin and Shiba Inu?

The market capitalization of meme-inspired cryptocurrency PEPE has fallen from $1bn to $520m, but could outperform meme coins Dogecoin and Shiba Inu, according to Messari analyst Chase Devens. PEPE, inspired by the Pepe the Frog meme, has lost more than 60% in the past week following a climb of more than 1,000% in three weeks. Despite its ranking at 86th on CoinGecko compared to Dogecoin at ninth and Shiba Inu in 16th, Devens said PEPE’s recent listing on exchanges such as Binance has lowered barriers to speculation. Perpetual futures contracts for PEPE are already available on Binance and Bybit, surpassing daily spot trading volumes.

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About The Author

Niels I have been passionate about dogecoin since 2019, and have since become an avid follower and advocate of the cryptocurrency. I keep a close eye on the Dogecoin market and trends, and I'm always up-to-date with the latest news and developments. As a true believer in the potential of dogecoin, I am excited to be a part of the growing community and I'm eager to share my knowledge and experience with others. When not busy with dogecoin, I enjoy golf, and I can often be found on the golf course.

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