Can PEPE Surpass Shiba Inu by 2024’s End? ChatGPT Answers

TL:DR;

• PEPE continues to make the headlines because it broke its November all-time excessive yesterday and charted a recent one following a 20% every day surge.
• Though it has closed the hole with Shiba Inu by way of market cap, it’s nonetheless fairly important. Nonetheless, the query arises of whether or not it could possibly turn out to be the second-biggest in its area of interest.

PEPE vs SHIB

CryptoPotato reported yesterday PEPE’s spectacular run. After a number of weeks of sideways buying and selling and even retracements from its November 13 peak, the meme coin went on a powerful run that resulted in tapping a brand new excessive of over $0.000026.

Though it has misplaced some traction since then, PEPE remains to be effectively above $0.000025, and its market cap is simply shy of $11 billion. That is nonetheless removed from SHIB’s $19 billion, however PEPE has repeatedly outperformed up to now month with positive aspects of 135% in comparison with Shiba Inu’s extra modest 70%.

This has led the group to take a position on whether or not it’s a query of when and never if PEPE will surpass SHIB and turn out to be the second-largest meme coin by market cap.

there isn’t a timeline the place $pepe doesn’t flip shib this cycle.

international pepe recognition and mindshare is just too huge, completely inevitable imo. pic.twitter.com/EzZU9IE2oE

— Bluntz (@Bluntz_Capital) November 17, 2024

Throughout its surge on Saturday, PEPE additionally managed to outplace SHIB by way of buying and selling quantity, and by a big margin, in response to on-chain information.

$PEPE is now the fifth most traded cryptocurrency, excluding stablecoins, with an virtually 3x bigger 24-hour quantity than $SHIB. pic.twitter.com/NgBL6QIoC0

— Chandler Bing (@chandlerbingpl) December 7, 2024

What Does ChatGPT Say?

Whereas the group is very bullish now for PEPE, maybe pushed by the hype from the newest ATH, we determined to ask the favored AI chatbot about its opinion on the matter. It admitted that PEPE has “demonstrated important development potential in 2024,” including that it has “continuously outperformed Shiba Inu (SHIB) in numerous timeframes.”

It famous that PEPE has attracted substantial whale exercise and excessive buying and selling volumes, however Shiba Inu’s ecosystem, together with the Layer-2 network, “supplies it with extra tangible utility than PEPE, which primarily depends on group momentum and market hype.”

Consequently, ChatGPT concluded that such a flippening is ‘unlikely,’ no less than on this timeframe.

“Whereas analysts count on robust positive aspects for PEPE, Shiba Inu’s entrenched place as a bigger and extra established meme coin makes a whole flip unlikely within the quick time period except a big shift happens of their respective ecosystems.”