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 <p>A trader known for making timely crypto market calls thinks that one surging memecoin is poised to more than double its valuation.</p>
 <p>Early last week, pseudonymous analyst Hsaka told his 554,600 followers on the social media platform X that he believes frog-themed memecoin Pepe (PEPE) will soar in market cap en route to dethroning its rival Shiba Inu (SHIB).</p>
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 <p>At the time, PEPE was the 28th-largest crypto by market cap.</p>
 <figure style="width: 100%" class="wp-caption aligncenter"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/GODNxi8W0AARc4o?format=jpg&amp;name=large" alt="Image" width="401" height="980">
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   Source: Hsaka/X
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 <p>Since then, the Ethereum (ETH)-based memecoin has been on a tear, rallying by about 71% in a matter of days. Hsaka shares another chart showing that PEPE has leapfrogged six other crypto assets in terms of market cap rankings.</p>
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   <div id="id__pfk8lgdlagf" class="css-146c3p1 r-bcqeeo r-1ttztb7 r-qvutc0 r-37j5jr r-1inkyih r-16dba41 r-bnwqim r-135wba7" dir="auto" lang="en" data-testid="tweetText"><em><span class="css-1jxf684 r-bcqeeo r-1ttztb7 r-qvutc0 r-poiln3">“Update: the climb to the top continues.”</span></em>
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 <figure style="width: 100%" class="wp-caption aligncenter"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/GOaLBIVWQAA_aGp?format=jpg&amp;name=large" alt="Image" width="372" height="909">
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   Source: Hsaka/X
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 <p>Hsaka is not the only crypto strategist bullish on PEPE. Fellow analyst Kaleo tells his 640,600 followers on the social media platform X that it is within the realm of possibility for PEPE to witness massive gains in this bull market based on the performance of SHIB and Dogecoin (DOGE) last cycle.</p>
 <p><em><span class="r-18u37iz">“PEPE</span><span class="css-1jxf684 r-bcqeeo r-1ttztb7 r-qvutc0 r-poiln3"> is only at a $6 billion market cap. DOGE hit a max market cap of $75 billion last cycle, and SHIB hit nearly $50 billion. I think it’s safe to say there’s still plenty of upside for the frog.”<br> </span></em></p>
 <p>At time of writing, PEPE is worth $0.0000152, up about 7% in the past 24 hours.</p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/trader-predicts-one-red-hot-memecoin-dethroning-shiba-inu-and-becoming-13th-largest-crypto-by-market-cap-tbt89913.html">https://thebittimes.com/trader-predicts-one-red-hot-memecoin-dethroning-shiba-inu-and-becoming-13th-largest-crypto-by-market-cap-tbt89913.html</a></p>

Trader Predicts One Red-Hot Memecoin Dethroning Shiba Inu and Becoming 13th-Largest Crypto by Market Cap

TheBitTimes

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