Pepe (PEPE) Emerges as the New Meme Coin King, Surpassing Shiba Inu (SHIB) in Trading Volume

 Bombolo | News and Media 

Meme coins have taken the world of cryptocurrency by storm, with many investors seeing them as a quick way to make money. In the world of meme coins, Shiba Inu (SHIB) has been one of the most popular for a long time. However, according to recent data from CoinGecko, Pepe (PEPE) has surpassed Shiba Inu in trading volume as of April 30. Let's explore the reasons behind this shift in popularity.

Pepecoin Records $93.9 Million Trading Volume

Pepecoin, also known as PEPE, is a relatively new meme coin that has gained a lot of attention in a short period. It features the infamous internet meme character Pepe the Frog as its mascot. Pepe was launched without any presale or taxes, which helped to create a buzz in the crypto community. Within two days of its debut in April, Pepe experienced a massive increase in value. It has a market capitalization of over $234 million and recorded a 24-hour trading volume of $93.9 million on April 30.

Rise of Pepe Coin Signals a Shift in the Crypto Community

The rise of Pepe coin signals a shift in the crypto community. It has taken over the spotlight from the once-popular darling of meme coin aficionados, Shiba Inu. Shiba Inu had previously experienced significant trading volume during its peak popularity in October 2021, when it surpassed $1 billion. The canine-inspired token became the most-traded cryptocurrency on Coinbase, America's largest exchange. However, the token's popularity has taken a big hit since then.

Pepe Coin Hype-Driven

Pepe, like other meme coins such as Dogecoin and Shiba Inu, is primarily hype-driven. It has no specific use, and many have accused it of being a pump-and-dump scheme. Despite this, Pepe aims to dethrone the popular Inu-based cryptocurrencies and establish itself as the king of meme coins.

Pepe Coin Roadmap

Pepe has a three-phase roadmap that emphasizes growth, community engagement, and expanding its reach. The milestones include initial listings, community partnerships, merchandise, educational resources, exchange listings, and a goal of more than 100,000 holders to achieve a "meme takeover."

Shiba Inu Struggles to Reclaim Its Record High

Shiba Inu's popularity has taken a big hit since its peak in October 2021. It is still 88.05% from reclaiming its record high. The rise of Pepe has added to Shiba Inu's woes, with many investors switching their attention to the new meme coin.

In conclusion, Pepe (PEPE) has surpassed Shiba Inu (SHIB) in trading volume as of April 30. The rise of Pepe signals a shift in the crypto community as it takes over the spotlight from the once-popular darling of meme coin aficionados. Pepe, like other meme coins, is primarily hype-driven, and many have accused it of being a pump-and-dump scheme. However, Pepe aims to dethrone the popular Inu-based cryptocurrencies and establish itself as the king of meme coins. Shiba Inu's popularity has taken a big hit since its peak in October 2021, and it is still struggling to reclaim its record high.

FAQs

1. What is Pepecoin (PEPE)?
   Pepecoin is a cryptocurrency featuring the notorious internet meme character Pepe.

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