Can PEPE overtake Shiba Inu by the end of 2024? ChatGPT Answers

TL:DR;

PEPE continues to make headlines as it broke its November all-time high yesterday and charted a new one after a 20% daily gain. Although it has closed the gap with Shiba Inu in terms of market capitalization, it is still quite large. However, the question arises whether it can become the second largest in its niche.

PEPE vs SHIB

CryptoPotato reported on PEPE’s impressive run yesterday. After weeks of sideways trading and even pulling back from its peak on November 13, the meme coin made an impressive run that resulted in a new high of over $0.000026.

Although it has lost some traction since then, PEPE is still well above $0.000025, and its market cap is just under $11 billion. That’s still a long way from SHIB’s $19 billion, but PEPE has consistently outperformed in the past month with gains of 135% compared to Shiba Inu’s more modest 70%.

This has led the community to speculate whether it is a matter of when and not if PEPE will surpass SHIB and become the second largest meme coin by market cap.

there is no timeline where $ pepper this cycle does not change.

Global recognition and mental participation is too great, absolutely inevitable. pic.twitter.com/EzZU9IE2oE

— Bluntz (@Bluntz_Capital) November 17, 2024

During its Saturday surge, PEPE also managed to beat SHIB in terms of trading volume, and by a significant margin, according to the chain’s data.

$PEPE it is now the 5th most traded cryptocurrency, excluding stablecoins, with a 24-hour volume almost 3 times higher than $SHIB. pic.twitter.com/NgBL6QIoC0

— Chandler Bing (@chandlerbingpl) December 7, 2024

What does ChatGPT say?

While the community is very bullish on PEPE right now, perhaps fueled by the hype of the last ATH, we decided to ask the popular AI chatbot about his thoughts on the matter. He admitted that PEPE has “demonstrated significant growth potential in 2024,” adding that it has “frequently outperformed Shiba Inu ( SHIB ) over several time frames.”

He noted that PEPE has attracted significant whaling activity and high trade volumes, but the Shiba Inu ecosystem, including the Layer-2 network, “provides it with a more tangible utility than PEPE, which is primarily dependent on ‘community drive and market hype’.

Accordingly, ChatGPT concluded that such a change is “unlikely”, at least in this time frame.

“While analysts expect strong earnings for PEPE, Shiba Inu’s entrenched position as the largest and most established meme currency makes a complete turnaround unlikely in the near term unless there is a significant change in its respective ecosystems”.

SPECIAL OFFER (Sponsored) Binance Free $600 (Exclusive to CryptoPotato): Use this link to register a new account and receive an exclusive welcome offer of $600 to Binance (full details).

LIMITED OFFER for CryptoPotato readers on Bybit – Use this link to register and open a FREE $500 position with any currency!