Shiba V Pepe Price Explodes Again, Most Trending Cryptocurrency On Uniswap - How High Can SHEPE Go?

Shiba V Pepe Price Explodes Again, Most Trending Cryptocurrency On Uniswap – How High Can SHEPE Go?

Updated: 04 September 2023

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Shiba V Pepe has experienced another round of upswing and is trending on the crypto charts once again. Not only does CoinMarketCap show that it has gone up by 53% in the last 24 hours, but it is also among the top three most trending tokens on Uniswap.

Shiba v Pepe Climbs 53%

In the last 24 hours, Shiba V Pepe has risen by 53%, making its weekly climb 128%.

At 10:49 pm EST, Shiba v Pepe (SHEPE) was valued at $0.00000002016. CoinMarketCap doesn’t show any significant changes in its market capitalization, which currently stands at $8.2 million. The trading volume of this memecoin, however, has experienced a massive increase of 54.84% in the last 24 hours.

What is Shiba V Pepe and Why is It Going Up?

The recent delay of spot Bitcoin ETF application by the US SEC has again pushed Bitcoin’s price action on a bearish path. Veteran market watchers and even long-term investors are now veering away from these high-cap tokens to look at low-cap offerings that present large upsides in the short term.

That’s where memecoins have become an asset of choice. Shiba v Pepe is a memecoin that presents itself as a battle between two memes – Shiba Inu and Pepe the Frog. The project leverages the traction acquired by both memes and their tokens to get a similar level of action on the price charts – and so far, it has been successful.

Who you gonna call? 🚀📈 $SHEPE pic.twitter.com/nGUYvDiVza

— $SHEPE (@shibavspepe) September 3, 2023

The uniqueness of this project comes from the lack of it. It doesn’t make any big promises or offer any utilities but instead clearly states that it aims to leverage the “electrifying street fighter-style showdown” in the world of cryptocurrencies to achieve growth.

That honesty is one of the reasons why this token has gained so much in so little time. Other reasons are:

Memecoin Mania is Alive and Well

After the momentary success of Pepe, the entire crypto community was in the throes of memecoin mania. A lot of similar coins appeared on Uniswap, and all of them were successful. Months from then, the memecoin mania hasn’t slowed down even a little bit.

The Vs Meta Narrative

Memecoins revolve around a narrative they spin to create posts to engage investors on social media platforms. Memecoins that use meta-narratives are those that take inspiration from well-received memecoins of the past to create something different. Dogecoin gave us BabyDoge, and Pepe gave us Evil Pepe. And now Shiba Inu and Pepe have given us Shiba v Pepe.

Shiba V Pepe uses street-fighter-like imagery to create a Vs meta-narrative, creating excitement among gamers and memecoin enthusiasts alike.

Low Price Point

Investors don’t need to break the bank to invest in Shiba v Pepe. At its current value, it is one of the cheapest crypto assets to buy. This, combined with the fact that it is a memecoin that has proven to experience parabolic price action, are reasons investors find it a lucrative investment.

Shiba V Pepe

Shiba v Pepe (SHEPE) has continued to rise since it arrived, with only some red candles, as seen in this 4-hour interval chart for the token on DEXTools.

The token’s rapid climb puts it inside the overbought zone, where its RSI (Relative Strength Index) is 72. SHEPE’s MACD is also positive, indicating that the community continues to be bullish about this asset. Will it remain the case?

From the looks of posts on CoinMarketCap and Twitter, it is highly likely that Shiba v Pepe may maintain its momentum for a little while longer. Even users like Ousten_Raffal, who have shown apprehensions about Shiba v Pepe, calling it a “one-pumped trap project”, have also hoisted bullish flags.

These comments are correct since, following Pepe, many projects emerged as memecoins on DEXtools, pumping massively shortly after arriving. Among them were tokens that locked buyers out of selling the tokens. While Shiba V Pepe hasn’t implemented any of these nefarious additions according to the automatic audits done on DEXtools, chances of it holding up value as a long-term asset are slim.

However, if Shiba v Pepe is able to maintain its momentum over the next three days, it can go up by 30.26%.

Shiba v Pepe Alternative – Wall Street Memes

Shiba V Pepe’s arrival and rise puts it inside the wild-card category of tokens. Experts are apprehensive about it while investing in it, giving mixed signals. But if history is any indication, we know that SHEPE won’t hold up in the long run.

Thus, presale cryptos that offer guaranteed gains to early movers are better investments – Wall Street Memes is among them.

Wall Street Memes is another memecoin project with a meta-narrative. It focuses on all types of memes to gain traction on social media and seeks to climb up the price chart on the back of its thriving community. So far, it has been successful. The Wall Street Memes community has upwards of 260k members on Twitter, and the number is continually growing.

Along with its community-centric attributes, Wall Street Memes also has staking utilities that offer lucrative APY to token holders, which is another reason to rally behind this asset.

Launched as an ICO in June 2023, Wall Street Memes has raised more than $25 million so far and will live on multiple tier 1 exchanges within the next 23 days. Those interested in early-bird gains can visit wallstmemes.com to participate in this project.

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