Will Pepecoin (PEPE) Flip Shiba Inu (SHIB) This Year? Expert’s Opinion

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The cryptocurrency market witnesses the emergence of numerous meme coins on a daily basis, yet only a select few manage to establish themselves.

One such newcomer generating substantial buzz is Pepecoin, which has delivered extraordinary returns to its early investors. This cryptocurrency, launched on the Ethereum network, draws inspiration from the memes featuring ‘Pepe, the Frog,’ originally created by Matt Furie in the 2000s. Its native token, PEPE, incorporates a deflationary mechanism that decreases the token's supply, thereby increasing its price.

Now, the question is, will PEPE flip Shiba Inu (SHIB)? Let's explore experts’ opinions on this.

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There is a growing wave of optimism among investors regarding the immense growth potential of Pepecoin, which is anticipated to surpass Shiba Inu in the near future. This shift in investor sentiment can be attributed to several key factors, including the rapid expansion of Pepecoin's user base and the unwavering support from its vibrant community.

Chase Devens, a researcher at Messari, suggests that it wouldn't be surprising to witness PEPE surpass Shiba Inu in terms of valuation, even if only temporarily, now that it has gained legitimacy. Devens attributes the rapid rise in PEPE's value to its immediate listings on popular centralised crypto exchanges like Binance.

In comparison, SHIB took more than 260 days to secure its first centralised exchange listing, whereas PEPE achieved this milestone in just six days. Furthermore, PEPE began trading on Binance, the largest crypto exchange globally, a mere 22 days after its launch.

Devens explains that these integrations not only reduce barriers for retail speculation but also enable significant capital providers to offer off-chain market-making services. He highlights that PEPE perpetual futures are now available on exchanges like Binance and Bybit, providing users with access to 100x leverage against PEPE's price.

Another expert that has come out to support the notion is Delphi Digital's weekly writer and crypto expert, @cryptunez. In a tweet he made on May 9th 2023, he reiterated that the impact Pepecoin has had on crypto cannot be understated. He went further to predict that Pepecoin would surpass Shiba Inu in market cap within a year.

He describes Shiba Inu as an overvalued and unoriginal Dogecoin clone lacking genuine utility. In contrast, he believes PEPE's low token price and maximum supply of 420 trillion tokens make it an attractive option.

To overtake Shiba Inu, Pepe would need to increase its market cap by ten times, while Shiba Inu has already lost a significant portion of its value, currently valued at just over $5 billion.

The remarkable rise of $PEPE has revitalised the enthusiasm for memecoins, rekindling attention towards the original pioneers, Dogecoin and Shiba Inu. However, it is worth noting that immense interest in speculative tokens often marks the market's top.

As the bear market continues, projects with genuine utility are likely to overshadow memecoins. One notable example is Pikamoon (PIKA), a hybrid memecoin that offers real-world applications.

Pikamoon is an innovative GameFi project that aims to revolutionise the crypto industry through its native token, $PIKA. With deflationary features and promising utility, $PIKA presents an attractive investment opportunity. This mechanism gradually reduces the circulating supply, driving the value of the remaining tokens higher over time.

The Pikamoon game has garnered significant praise from gamers, primarily due to its engaging online and offline modes. The Pikaverse offers a captivating gaming experience whether you’re on the move or relaxing at home; it allows you to immerse yourself in action and adventure, providing endless enjoyment with friends.

Given its promising prospects, it's no surprise that investors are switching from other memecoins and showing strong interest by participating in Pikamoon's ongoing presale.

To classify a project as profitable, various factors come into play, including innovative features, a skilled team, and media attention, among others. Pikamoon surpasses expectations in all these aspects, making it a standout project.

Regarded as the leading player in the GameFi industry, $PIKA is regarded as remarkable both short- and long-term.

Currently in its second phase of presale, the token price is set at $0.0004. The discounted period for acquiring PIKA tokens will not last much longer.

Hence, now presents the perfect opportunity to secure your PIKA tokens and get yourself ready for the next moon ride.

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Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic's opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

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