The recent surge in PEPE's price has caught traders' attention. In a YouTube video, trader Black Sea shared his views on the future of PEPE and its competitiveness against other meme cryptocurrencies like Dogecoin and Shiba Inu.
Overview of the Current PEPE Market Situation
Over the past month, PEPE's price has doubled, and in just a week, it spiked by nearly 70%, reaching $0.000014. In his video, Black Sea analyzes market trends and highlights the positive momentum exhibited by PEPE.
Comparing PEPE with Dogecoin and Shiba Inu
Black Sea poses a question to viewers: if you had to hold Doge, Shiba, or PEPE for a year, which one would you choose? His answer is clear – PEPE. He believes that PEPE's deep roots in internet culture make it more appealing than Dogecoin and Shiba Inu.
Macroeconomic Factors Affecting PEPE
The trader also notes that current macroeconomic conditions, such as talks of Federal Reserve rate cuts and easing tariffs between the U.S. and China, may favor PEPE. This could lead to more money flowing into risk assets like cryptocurrencies.
Black Sea's conclusions about the growth prospects of PEPE highlight an interesting twist in the world of meme cryptocurrencies. Despite competition from Dogecoin and Shiba Inu, PEPE shows potential for further growth.
