We Asked ChatGPT If pepe Coin (PEPE) Could Return Shiba Inu (SHIB) in 2024
TL;DR
- Pepe Coin (PEPE) has experienced rapid growth, becoming one of the top performers in the meme coin market and challenging its competitors with a significant increase in value.
- Exceeding the shiba inu‘s market value may be possible for PEPE through strategies such as expanding its community, securing partnerships, and capitalizing on market trends.
Pepe Coin (PEPE) – a frog-themed meme coin that appeared less than a year ago – has recently emerged taken center stage due to the staggering price increase. It is up over 150% week-on-week and is among the top performers in its field.
PEPE’s market capitalization exceeded $1.2 billion, challenging bonk, which is the third largest in this space with approximately $1.4 billion. Shiba Inu (SHIB) is in second place with a market cap of over $8 billion, and we decided to ask ChatGPT whether this gap could evaporate through 2024.
The AI-powered chatbot determined that such a change is not improbable but depends on multiple factors and conditions that must occur. Increasing PEPE’s user base and community support were stated as the most important issues.
But according to some research, this appears to be a challenging task don’t guess Shiba Inu is the meme coin with the strongest community base. dogecoin is said to be in second place, while PEPE is in third place.
Establishing partnerships and collaborations with well-known brands or other cryptocurrency projects could also trigger the price increase of the frog-themed coin. Other factors include positive market sentiment, implementation of innovative technology, positive news, regulatory developments and more.
PEPE’s Ups and Downs in the Past Year
Meme coin surfaced in April 2023 and quickly became one of the topics that created excitement in the cryptocurrency industry. In its early days, PEPE was generating double-digit gains quite frequently, allowing experienced investors to make significant profits.
The asset’s price performance has attracted the attention of numerous industry participants, which may explain why leading cryptocurrency exchanges such as Binance and Coinbase. activated trading services with it.
Despite the solid start, PEPE’s progress stalled at the beginning of the summer, with its price falling well below the all-time high seen in May. However, the token has recouped most of the losses over the past few days amid general market frenzy. For those who want to learn more about PEPE, feel free to do so by watching our exclusive video below:
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