This Meme Coin Might Be the Top Performer in 2024-2025 and It’s Not SHIB or DOGE (Analyst)
The cryptocurrency market, especially the meme coin sector, has experienced significant growth recently.
Experts predict that a particular meme coin could lead the next bull run, driven by strong investor loyalty.
The cryptocurrency market has been thriving, with various leading digital assets like Bitcoin reaching new all-time highs. However, one niche that has attracted even more attention is the meme coin realm.
Tokens like Shiba Inu (SHIB), Dogecoin (DOGE), dogwifhat (WIF), Floki Inu (FLOKI), and many others have seen triple-digit price increases on a monthly basis.
According to renowned trader Andrew Kang, the best-performing meme coin during the potential bull run of 2024-2025 would be the frog-themed Pepe Coin (PEPE).
Kang pointed out that the previous bull cycle of 2020-2021 was dominated by Dogecoin, likely due to frequent announcements and support from Elon Musk. Kang encouraged Tesla’s CEO to get involved with PEPE and contribute to its potential rally.
The trader also highlighted that the meme coin has strong support from its holder base, as previous instances of FUD (Fear, Uncertainty, and Doubt) have only strengthened the resolve of investors with “diamond hands.”
“The combined efforts of insider sniping FUD, Multisig dump, and Pepe fork were all bullish selling. Anyone who remains invested in PEPE is not likely to sell,” Kang concluded.
The frog-themed coin has unquestionably been one of crypto’s rising stars in recent months. It emerged in the spring of 2023 and quickly became a sensation.
The impressive price performance of PEPE caught the attention of industry participants, including Binance and Coinbase, which enabled trading services for the coin.
PEPE’s valuation recently reached a new all-time high and is currently trading near its peak. Its market capitalization briefly exceeded $4 billion and currently stands at around $3.9 billion.
For those interested in learning more about the token’s specifics and how it gained popularity, a dedicated video is available for viewing.