Shiba Inu or Pepe Coin: Which Will Reach 1 Cent First?
People worldwide are paying a lot of attention to Shiba Inu (SHIB) and Pepe Coin (PEPE). As these meme coins continue to make waves in the market, investors wonder which one might reach the coveted 1-cent mark first.
This analysis examines the potential of these trending cryptocurrencies to hit this significant milestone
Also Read: Shiba Inu (SHIB) To Rally 117% And Hit $0.000037: Here’s When
Comparing Shiba Inu and Pepe Coin on Their Way to 1 Cent
Current Market Positions
The image above shows a hypothetical scenario where PEPE reaches the same market cap as SHIB, illustrating its potential to increase in value.
- Shiba Inu (SHIB) is trading at $0.00001672, with a market cap of approximately $9.8 billion.
- Pepe Coin (PEPE) is priced at $0.00001172 and has a market cap of around $4.9 billion.
Recent Performance
The SHIB coin’s price has changed a lot over the past six months. There was a big increase, but then it dropped. The price has been going up and down around the averages of the last 50 and 200 days, which suggests that the price is stabilizing.
PEPE’s price movements indicate a steady upward trend since its launch, with periodic consolidation. The price has consistently stayed above both the 50-day and 200-day SMAs, suggesting bullish momentum.
Also Read: Pepe Coin’s 390% Boom: Next Big Crypto?
Technical Analysis
- SHIB’s 50-day SMA stands at $0.00001812, with a 200-day SMA of $0.00001974 and an RSI of 44.30.
- PEPE’s indicators show a 50-day SMA of $0.00001128, a 200-day SMA of $0.07473, and an RSI of 54.68.
Price Predictions
Shiba Inu’s forecasts suggest a short-term spike to $0.00003687, with a 1-year prediction of $0.00003095. The 2025 prediction shows a slight decrease to $0.00001775.
Pepe Coin is expected to reach $0.00003860 in one month, with a 1-year forecast of $0.00003135. The 2025 forecast shows a small drop to $0.00001775.
Factors Influencing Price Movement
- Investors closely watch market trends in both cryptocurrencies.
- The involvement of the community can affect how much a coin is used and its price.
- Development updates could significantly impact the future value of SHIB and PEPE.
Also Read: Shiba Inu Takes Backseat As Dogecoin, Pepe Record Surge In Volume
The race to 1 cent between Shiba Inu and Pepe Coin is being closely monitored by crypto enthusiasts. While SHIB boasts a larger market cap, PEPE’s recent momentum suggests potential for rapid growth.
Many elements can affect reaching this goal, like how people feel about the market, support from the community, and new technology.