Pepe coin has created a new all-time high on Tuesday, trading as high as $0.0000127, data from CoinGecko reveals.
More importantly, the meme coin reached a $5 billion market cap for the first time in its history.
Experts expect Pepe price to continue its bullish trajectory, considering that it is showing a strong correlation to Ethereum.
Meanwhile, low-cap hunters continue to search for the next 100x meme coin, with Dogeverse emerging as one of top contenders.
Pepe Shows Strong Correlation to Ethereum – Will It Flip Shiba Inu?
Pepe coin has been outperforming Dogecoin and Shiba Inu during this bull cycle, witnessing significantly higher whale activity.
While the Pepe price is up by over 600% over the past year, Shiba Inu has rallied by 200%.
Pepe’s strong performance is no accident. Being the largest ERC-20 meme coin, it has been acting as “leveraged ETH”, offering much higher gains than Ethereum in the same direction.
This is also not a one-off scenari
We współpracy z: https://cryptodaily.co.uk/2024/05/pepe-coin-reaches-5-billion-market-capitalization-could-dogeverse-be-the-next-big-meme-coin
