PEPE Coin Poised for a Shiba Inu-Like Surge
- During the bull market cycle of 2021-2022, Shiba Inu experienced an unprecedented rally of over 1,000,000%.
- Crypto analyst Rexha suggests that PEPE could replicate Shiba Inu’s success on the Ethereum blockchain.
- Rexha highlights a shift from meme coins on cheaper blockchains back to Ethereum-based coins like PEPE as traders seek stability.
- The analyst warns of potential scams similar to SAFEMOON and advises caution during PEPE’s expected second run.
In the wake of massive rallies by Dogecoin and Shiba Inu, investors are eyeing PEPE as the next potential breakout meme coin on the Ethereum blockchain. Analyst Rexha draws parallels between past trends and current market dynamics, suggesting a “Return to Quality” with PEPE leading this cycle.
Rexha predicts that PEPE’s second run could mirror Shiba Inu’s past performance, but cautions traders against falling for scams during this phase. (Source)
