Pepe stamp reached a new all-time excessive of $0.000014 on Might perchance perchance 21, sparking hopes that it could perchance possibly possibly well shut in on memecoin giants Dogecoin and Shiba Inu in terms of market capitalization.
PEPE has Outperformed DOGE and SHIB for 3 Consecutive Months
Pepe stamp has reached another all-time excessive for the 2d consecutive week running, outperforming the likes of Dogecoin (DOGE) and Shiba Inu (SHIB) memecoins which beget a grand bigger ecosystem of long-term supporters.
The PEPE stamp surge this week brings its market cap above the $5.5 billion attach, closing the distance on DOGE ($25 billion) and SHIB ($15 billion) on the list of the pinnacle 3 greatest memecoin projects globally.
Since the beginning up of 2024, PEPE has develop into basically the most sought-after memecoin, with a whopping 990% 365 days-to-day snarl performance. This 365 days-long phenomenon has been introduced to endure this again this month.
The chart above shows that PEPE stamp has grown by 141.16% between Might perchance perchance 1 and Might perchance perchance 21 2024. But in comparability, market leaders DOGE and SHIB beget got grand lower traction, reserving most attention-grabbing 39.68% and 28.57% snarl respectively to this point in Might perchance perchance 2024.
This underlines that crypto investors beget confirmed a preference for mid-range memecoins like PEPE over established mega-cap alternatives like DOGE and SHIB, which beget lower bandwidth for wild upswings and parabolic breakouts.
If this sample persists, mid-range memes like PEPE, Dogwifhat (WIF), and Floki Inu (FLOKI) will likely continue to dominate the pinnacle gainer’s charts as investors gaze forward toward the following breakout phase if SEC delivers an approval verdict on Ethereum ETF this week.
Whereas PEPE could possibly merely no longer overtake SHIB and DOGE’s market capitalization, the switch in investor preferences could possibly well witness PEPE outperform them in terms of non permanent stamp performance.
PEPE stamp forecast: $0.000020 draw in focal level
Pepe stamp is currently trading at $0.000013 at the time of publication on Might perchance perchance 22. But taking a gaze at the contemporary knowledge, investors’ preference for PEPE over the DOGE and SHIB puts it in a dwelling to enter another leg-up in the direction of the $0.000020 draw if the memecoin sector surges again for the length of the following phase of the market rally.
The Bollinger band technical indicator also supports this bullish PEPE stamp prediction. As viewed under, no topic a 15% correction, PEPE stamp remains to be currently trending above the main enhance stage at $0.000012 as indicated by the upper-limit Bollinger band.
This alignment suggests that bulls are still dominating the non permanent market momentum no topic the sunshine 4% pullback from the most life like likely-ever-excessive recorded early for the length of the day.
If the US SEC approves the Ethereum ETFs and the memecoin merchants enter another taking a gaze for frenzy, the PEPE stamp could possibly well surge above the $0.000020 draw as predicted.
On the replacement hand, conversely, if the market enters a correction phase, the PEPE stamp could possibly well procure initial enhance at the $0.000010 territory.
