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PEPE Coin: Will It Surge 10X like SHIB Did in 2021?

• This article discusses the possibility of PEPE coin prices increasing 10x like Shiba Inu (SHIB) did in 2021.
• The article compares the price patterns of both tokens, noting that they had similar rises after listing on Binance.
• Analyst Michael van de Poppe predicts a 25% bounce for PEPE before it goes back down to 140,000.

The Rise of Pepe Coin

The crypto space has seen the emergence of various tokens over time, with some surviving and thriving in bear markets while others quickly becoming obsolete. Among the popular tokens that have surged recently are YFI and now PEPE; these coins have seen a massive increase in liquidity and attracted much attention from market participants.

Pepes Price Pattern Similar to Shiba Inu (SHIB)

PEPE’s price appears to be closely following SHIB’s pattern as it has mimicked its initial rise, which saw tremendous gains within weeks of being listed on Binance. Both tokens saw their prices increase substantially upon being listed on Binance, but only for a short period of time; SHIB dropped nearly 90% in its first month on the exchange while PEPE dropped 65% within four days.

Possibility Of 10X Increase?

As both coins have followed similar trends so far, there is speculation that PEPE could also experience a 10x surge like SHIB did during its bull run in 2021. Analyst Michael van de Poppe believes that PEPE will experience a 25% bounce before going back down to 140,000.

Conclusion

It remains to be seen if PEPEs price will rise by 10x like Shiba Inu did earlier this year. However, given their similarities so far and analyst predictions, it is possible that this could happen if market conditions remain favorable for long enough for the token to gain momentum and attract more liquidity from investors over time.

About The Author

Qadir Ak is the founder of Coinpedia and has been covering the blockchain and cryptocurrency space since 2010 with over a decade of experience writing about technology-related topics. He has interviewed several prominent experts within the crypto sphere as well.