Pepe may soon challenge Shiba Inu’s dominance in the meme coin market, according to a recent projection from crypto analyst Y00thereum, who claims Pepe could flip SHIB by April 20, 2026, following its strong rally this year.
Pepe surged over 60% last week, while Shiba Inu rose just 22% in the same period. Y00thereum pointed to this performance as proof of growing momentum behind Pepe.
He stated that “PEPE could realistically match SHIB’s market cap by April 20 or even earlier.” The projection gained attention due to a market cap comparison screenshot shared alongside his post.
At the time of the screenshot, SHIB held a market cap of $5.32 billion, while PEPE was at $2.92 billion. This difference implied PEPE needed to rise about 1.8x to match SHIB in value.
If PEPE hit $0.00001266, it would reach a market cap close to $5.33 billion. The analyst suggested this price level could be achieved soon due to current momentum.
The market, however, has since pulled back slightly for both coins. Current data shows PEPE with a $2.9 billion market cap and SHIB with $5.11 billion.
Shiba Inu has kept its position as the second-largest meme coin since late 2021.
Despite past challenges from various rivals, SHIB remains ahead of Pepe by market value.
During early 2025, the TRUMP meme coin briefly overtook SHIB during its launch spike. SHIB later reclaimed its spot following the fade of TRUMP’s initial rally.
Multiple analysts have previously predicted a PEPE flip of SHIB, but those projections failed. Max Schwartzman once forecasted PEPE to surpass SHIB in the 2024–2025 cycle.
Pepetoshi Nakamoto, a known PEPE advocate, said PEPE was only 69% away from flipping SHIB. Still, SHIB defended its rank throughout that period despite brief periods of price weakness.
Y00thereum’s timeline now places the potential flip within the next few months. He sees the recent surge as a catalyst for another attempt to close the market cap gap.
At present, SHIB trades at $0.000008665 with a market cap of $5.11 billion. In contrast, PEPE trades at $0.0000069 with a market cap just under $2.9 billion.
Based on these numbers, PEPE must increase by around 76.55% to match SHIB’s valuation. The projected price target for PEPE remains at $0.00001266 according to the analyst.
Y00thereum’s prediction is based on PEPE’s recent surge and its growing popularity. He emphasized that PEPE’s momentum could allow it to “flip SHIB before April 20.”
For now, SHIB continues to hold its position, but the gap is smaller than it was in 2024. Both coins are closely watched as the meme coin sector continues its 2026 rebound.
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