Delphi Digital newsletter writer and crypto analyst @cryptunez has made the bold prediction that the Pepe price rise will continue until it overtakes Shiba Inu as the second largest meme coin.
Today with a market cap back under $1 billion - approximately $750 million following the latest round of Binance FUD over it pausing withdrawals - his Pepe price prediction comes after a 65% correction from its current blow-off top.
The most trending crypto token on CoinMarketCap will need to 7x from its price now in order to flip Shiba Inu in market capitalization - which has shed a significant percentage of its value in the past month, now down to just over a $5 billion market cap.
Alternatively the Shiba Inu price and market cap could keep declining - which @cryptunez has branded 'an over-valued, unoriginal DOGE clone who touts fake utility - not only the most overvalued asset in crypto, but the most overvalued asset in the world'.
Having traded crypto since 2017 and built up 154,000 followers, Tunez tweeted May 9th:
His Shiba Inu price prediction is that it's overvalued due to its 'main selling point' of having a low token price that appeals to short attention span retail investors searching for the next Bitcoin - or next Dogecoin - also applies to Pepe coin.
Pepe's maximum supply of 420 trillion also gives it that enticing low price - currently just under $0.000002 per token, having hit as high as just over $0.000004 the day Binance announced they would list Pepe (PEPE). It also still has a low market cap, if the next crypto bull run is around the corner.
'$SHIB is a dinosaur meme coin that has lost its appeal and main differentiator in this hyper-competitive market of attention. the only narrative left is that it is overvalued
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