Pepe Coin Reaches $5 Billion Market Capitalization, Could Dogeverse Be The Next Big Meme Coin?

Pepe Coin Surges to New Heights, Driven by Ethereum Correlation

Pepe coin has ascended to a new all-time high on Tuesday, reaching a peak of $0.0000127, according to CoinGecko data.

Significantly, the meme coin has achieved a market capitalization of $5 billion for the first time.

Experts anticipate that Pepe's price will continue its upward trajectory, given its strong correlation to Ethereum.

Pepe as a "Leveraged ETH"

Pepe coin has outperformed Dogecoin and Shiba Inu during this bull cycle, experiencing significantly higher whale activity.

While Pepe's price has surged by over 600% in the past year, Shiba Inu has rallied by 200%.

This robust performance is attributed to Pepe's status as the largest ERC-20 meme coin, which has enabled it to act as "leveraged ETH," offering higher gains than Ethereum in the same direction.

Ethereum ETF Approval and Pepe's Potential

With the imminent approval of the spot Ethereum ETF, some experts predict that ETH could peak at $10,000. Under such circumstances, Pepe's emergence as the top-performing meme coin and even surpassing Shiba Inu would not be surprising.

Dogeverse: A Potential 100x Meme Coin

The multi-chain meme coin Dogeverse has attracted investor attention, raising over $15 million in its ongoing presale.

Dogeverse's unique feature is its launch across six blockchain ecosystems, including Ethereum, Solana, Polygon, Base, BNB Smart Chain, and Avalanche.

This multi-chain status positions Dogeverse to potentially dominate the meme coin market after its launch, with listings on popular DEX and CEX across all supported chains.

Crypto investors, such as TodayTrader, speculate that Dogeverse could deliver up to 1000x returns following its launch.

Disclaimer: This article serves informational purposes only and should not be construed as legal, tax, investment, financial, or other advice.