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Pepe Coin's $6B Plunge: Can Meme Coin Make a Comeback?

Coin WorldThursday, Feb 20, 2025 11:42 am ET

1min read

Pepe Coin, a popular meme coin, has experienced a significant decline in its market capitalization, losing approximately $6 billion since December 2024. Despite this setback, some analysts remain optimistic about the coin's potential for a comeback as the sentiment surrounding meme coins continues to rise.

Binance's BNSOL Super Stake program has contributed to a recent boost in interest in Pepe Coin, pushing its price up by 7%. Technical indicators suggest that the coin could be on the verge of a breakout, with investors eagerly awaiting its next move.

Meanwhile, Shiba Galaxy ($SHIBG), a Layer-2 solution for meme coins, has been gaining traction. With significantly faster transactions, near-zero fees, and developer support, Shiba Galaxy aims to bring real utility to the meme coin space. Its testnet has already processed over 46,000 daily transactions, demonstrating its scalability.

Pepe Coin's price has been volatile, with a recent 4.5% decrease in the last 24 hours, bringing its price to $0.00005958. The coin's market capitalization has dropped by around 65% since December 2024, but some analysts believe it could recover. Analyst CW predicts a short-term target of $0.000027, while Analyst Planfomo sees even more potential, suggesting a 40-60% short-term climb if Pepe Coin breaks through its descending trendline. In a strong altcoin season, Planfomo predicts a potential 240% surge.

Shiba Galaxy, with its expanding ecosystem and decentralized exchange specifically for meme tokens, is poised to compete with top projects like Pepe Unchained. The meme coin sector is currently worth over $73.2 billion, with $8.33 billion in 24-hour trading volume. As Shiba Galaxy gains momentum, it could become a significant player in the meme coin space.

In conclusion, the future of Pepe Coin and Shiba Galaxy depends on market momentum and investor sentiment. While Pepe Coin's price swings highlight the unpredictable nature of meme coins, both projects have the potential to make a real difference in the meme coin sector. As always, it is essential to conduct thorough research and consult an expert before investing in any crypt

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