Pepecoin's Potential to Challenge Dogecoin and Shiba Inu Examined Amidst Predictions of Inevitable Crash

Pepecoin, a new memecoin based on the "Pepe The Frog" meme, has seen extreme price volatility since its launch in April, with a record high market valuation of $1.54 billion followed by a 65% drop. Despite lacking any real use-case, Pepecoin has gained popularity through coordinated meme campaigns and early investor success stories. With its recent listing on popular centralized crypto exchanges like Binance, some experts believe Pepecoin could surpass other memecoins like Dogecoin and Shiba Inu in market cap. However, caution is advised as Pepecoin's short-term gains and ongoing correction show similarities to the final phase of 2021's memecoin bull run.