Pepe Coin Market Capitalization Exceeds $1.2 Billion, Challenges Meme Coin Market

Pepe Coin (PEPE) has had a strong run recently, with a market capitalization of more than $1.2 billion, making it a leader in the Meme Coin market.PEPE Coin's market capitalization has surpassed that of BONK (with a market capitalization of about $1.4 billion) and is challenging Shiba Inu, which has a market capitalization of more than $8 billion.Analysis by ChatGPT, an AI chatbot, suggests that PEPE Coin's market capitalization by 2024 Overtaking Shiba Inu's market capitalization is not impossible, but several conditions need to be met, the most important of which is expanding the user base and community support. In addition, partnerships with well-known brands or other cryptocurrency projects could also bring price increases for this frog-themed based token. Other influencing factors include market sentiment, implementation of innovative technologies, positive news coverage, regulatory developments, etc.