PEPE was already one of the most successful meme coins last year. Although BONK achieved an even higher market capitalization than PEPE at the end of the year, no coin has yet exceeded the billion dollar mark as quickly as PEPE did. After a slump in the last few months, there is now a comeback in which a new all-time high has been reached. Now the frog coin is no longer just competing with BONK, the search volume is now also exploding compared to Shiba Inu. Will the dog be replaced by the frog?
Search interest for “PEPE Coin” is increasing
One indicator to measure public interest in a coin is Google search volume. Google Trends provides information about whether interest has increased or decreased over a certain period of time. Even if no clear numbers are provided regarding the search queries, you can compare several terms with each other. A clear picture emerges here. Interest in “PEPE Coin” is increasing relative to “Shiba Inu,” despite SHIB itself having an impressive rally.
Meme coins performed by far the best this week, showing once again that even billion dollar coins still have the potential to quickly multiply the capital of token owners. Shiba Inu (SHIB) has gained over 120% this week and has now moved to 11th place in the crypto ranking of the largest coins by market capitalization. However, the return on PEPE was significantly higher.
PEPE increases by over 300%
Of the 100 largest cryptocurrencies, the five biggest winners are meme coins. Dogwifhat and FLOKI have exceeded the billion dollar mark for the first time. PEPE already cleared this hurdle in May last year, but the meme coin has long since slipped out of the top 100. Now the value has increased by more than 300%, making the frog once again one of the most important meme coins of all. The rally doesn’t seem to want to end either.
After its recent rally, PEPE has a market capitalization of more than $2.3 billion, while Shiba Inu has a market cap of just under $13 billion. So there is still a long way to go until PEPE overtakes SHIB, but the past week also shows that nothing is impossible at the moment and due to the lower valuation at PEPE there is less capital to drive up the price, which makes PEPE for some, who are still watching the spectacle from the sidelines, could be preferred.
Of course, many are also wondering how long the rally of the last few days can continue before a collapse occurs. If the last bull run has shown one thing, it is that this is far from the end.
