Charlie says, “PEPE was the next Shiba Inu.”
The tremendous rally of the Ethereum-based token Pepe (PEPE) has kept cryptocurrency community members talking.
Some predict that the latest memecoin in the market, PEPE could replace established meme-based tokens like Shiba Inu (SHIB) and Dogecoin (DOGE). Some believe PEPE will become the next Shiba Inu shortly.
In a tweet today, Charlie, a famous cryptocurrency enthusiast who predicted SHIB rally in 2020, said it has “always been obvious in hindsight that PEPE was the next Shiba Inu.”
Charlie’s Shiba Inu Prediction
Interestingly, Charlie is one of the cryptocurrency enthusiasts who predicted an astonishing rally for Shiba Inu. On August 2, 2020, Charlie speculated that an imminent rally of up to 100x might happen at any time for Shiba Inu.
It did not take long before the prediction came to pass. Less than a year after making the tweet, Charlie posted a follow-up tweet to show how much Shiba Inu has rallied.
Just a casual 2,291,895,951%. https://t.co/pvNBQgJjaJ pic.twitter.com/KP9s6PWJMk
— Charlie (@btc_charlie) May 9, 2021
PEPE Tremendous Rally
Charlie’s recent remark comes after PEPE’s astronomical rally made headlines. Since Monday, PEPE has been in the news for reviving crypto traders’ obsession with meme-based cryptocurrencies.
Interestingly, early investors were rewarded heavily following the token’s price surge. Leading cryptocurrency data provider Lookonchain also shared how a meager $251 PEPE investment soared to a whopping $1.14 million in just four days.
The SmartMoney is the luckiest guy I've seen recently.
He spent 0.125 $ETH ($251) to buy 5.9T $PEPE ($1.14M currently) 4 days ago.
If he sells at the current price of $0.0000001933, he will get a profit of ~$1.14M, more than 4,500x.https://t.co/cUqMO6zIVO pic.twitter.com/Ex5voyRvsa
— Lookonchain (@lookonchain) April 19, 2023
Furthermore, the market capitalization of PEPE spiked to a whopping $108 million just four days after its launch, making it the sixth-most valuable memecoin, per Coingecko data.
PEPE currently has a 24-hour trading volume of $123.6 million. Interest in the meme-based token has increased in the past few hours. According to data from leading Ethereum data explorer Etherscan, the number of PEPE holders currently stands at 22,282.
At press time, PEPE is trading at $0.000000279559, up 171% in the past 24 hours.
Despite PEPE’s astronomical rally, some punters do not believe the token has what it takes to become the next Shiba Inu. David Gokhshtein is one of the crypto enthusiasts who believe PEPE can not overtake SHIB.
DisClamier: 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 opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
