Pepe (PEPE), the third-largest meme coin and 20th-largest cryptocurrency by market cap, saw a major surge over the weekend, which continued in the early hours of Monday.
PEPE Sees A Price Surge: Can It Grow Further To Outperform SHIB?
The project’s market cap skyrocketed past $10 billion, with over $6.86 billion in daily volume over the last 24 hours. Now, many in the industry are speculating whether it could become the next 1000x crypto by overtaking Shiba Inu, currently the second-largest meme coin by market cap, and the 12th-largest crypto in the wider market.
While PEPE’s market cap sits at $10.4 billion as of the time of writing, there is still some way to go before it can reach SHIB, which currently has a market cap of $17.6 billion. However, there have been some positive developments that might give PEPE an edge, such as the ability to buy it using new payment methods such as Apple Pay, PayPal, or Venmo, as MoonPay recently announced.
Pepe was also recently listed on Binance.US, and experts believe that this was what caused its price to skyrocket. Not to mention that PEPE was also listed by Coinbase, the largest US-based crypto exchange.
The new wave of listings and newly added payment methods have brought a lot of exposure to the project, allowing its price to hit a new all-time high around 12 hours ago, in the early hours of Monday, December 9.
The popular frog-based meme coin reached the value of $0.00002748, and while its price saw a slight correction since, going down nearly 10%, many experts believe that this is just a temporary setback and that PEPE will continue to break down resistances and reach new milestones in terms of its value.
This is where the community speculation about it overtaking Shiba Inu in the following days and weeks came from. Of course, this is all just speculation at this point, but given that PEPE’s full potential is still unknown, it cannot be ruled out. The project could become the next 1000x crypto, especially since many believe that the situation surrounding crypto in the US will become more favorable under the upcoming new government.
In the meantime, investors have also been doubling down on a much younger meme coin called Catslap (SLAP), which recently announced its first CEX listing.
BUY SLAP TOKENS AND START EARNING BY SLAPPING
Catslap Engagement And User Count On A Sharp Rise
Catslap is a recently launched meme coin that quickly became popular thanks to its new slapping mini-game. On its website, you can make a cat slap various entities with a simple click and continue slapping them to add more to the counter, which is called the “Slapometer”.
The game became an instant hit, and overnight, it saw over 10 million slaps which the community generated. The project celebrated the milestone by burning 10 million SLAP tokens. After that, it introduced a Slap-To-Earn feature, which rewarded slappers with SLAP tokens. Within two days, the project hit 100 million slaps, which it celebrated by burning as many SLAP tokens.
Catslap’s user base continued to grow thanks to the popularity of the game and the surging price, which has been balancing just under a resistance at $0.0080.
This past weekend brought even more slaps, pushing the Slapometer near half a billion slaps. At the time of writing, the total slap count sits at 425 million, and it is sharply rising even now.
BUY SLAP TOKENS WHILE THEIR PRICE IS LOW
However, the project’s price saw a correction at the start of the new week, as Bitcoin corrected and once again dropped below $100k. Still, given the demand, community engagement, token burns, and other positive developments surrounding the project, many expect Catslap to continue to grow, so buying it now, while its price is low, might actually be a good opportunity for those willing to take the risk.
