Pepe Coin has seen impressive gains lately, increasing by more than 44% from its lowest point this year. At the beginning of May, the token touched $0.00001535 when Ethereum surpassed the $2,000 level. Investor demand for Pepe has recently become much higher, and daily commerce for Pepe has reached $1.7 billion compared to Shiba Inu’s $244 million.
Pepe has a market capitalization of approximately $5.6 billion. Although its value is not as high as it was in December, Pepe is still more recognized than most other meme-based cryptocurrencies. Shiba Inu's value is currently about $8.6 billion, below the record $41 billion it achieved in 2021.
Pepe’s price increase of 53% will only raise its market capitalization close to what Shiba Inu has today. They act similarly, targeting the same followers and using the same blockchain. Recently, Pepe has experienced greater growth by attracting more attention with increased trading and rising prices. Solana’s Fartcoin rapidly climbed the meme coin chart in a swift movement.
If traders show continued interest and deal with Pepe, it could overtake Shiba Inu. Technical indicators back up the same conclusion. As it keeps advancing, Pepe might soon overtake Shiba Inu in terms of its market value.
According to chart analysis, Pepe is currently trading at $0.000013. The patterns on the daily chart reflect the high chances that the market will continue rising. A mini golden cross appeared when the 50-day moving average crossed the 100-day moving average. Generally, this cross indicates that the uptrend will continue.
The bullish flag formation has also developed, a symbol that regularly indicates the price is increasing. After Pepe breaks its recent high of $0.00001535, the next hurdle is at $0.00002067. Should Dogecoin remain strong, it could eventually outshine Shiba Inu in terms of market cap, as Shiba’s price may go down if it stays flat. As the market evolves, higher trading volume, specific trends, and investors' views of Pepe Coin show that it could be ready to compete more closely with Shiba Inu in the coming months.
Also Read: Shiba Inu vs Dogecoin: Best Meme Coin to Invest in May 2025?