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PEPE Vs GME: Which Meme Coin Is Close to $1?
Meme coins have officially taken over the crypto market with continued gains and profits over the past few weeks. The earnings are so high that no other cryptocurrency can surpass the growth of the meme coins, including Bitcoin. At the time of writing, the meme industry has grown to $60.5 billion in market capitalization and offers just $11 billion in trading volume. Most importantly, PEPE and GME were the main contributors to creating excitement about meme cryptocurrencies with their impressive profits. So, in PEPE vs. GME, which one is the meme king or will hit $1 first? Let’s discuss this in this blog.
PEPE Price Analysis
PEPE made history after setting several historic records in two months. It is in every investor’s portfolio due to its huge profit potential, as the token has presented many profitable opportunities, generating a hundredfold profit for its investors. PEPE Price is at $0.00001222 after setting a new all-time high of $0.00001274 two hours ago.
With the continued price increase, PEPE is ranked 24th on CoinmarketCap for its market cap of $5.14 billion and trading volume of $3.71 billion, an increase of 423%. Furthermore, the token is still trending, so the price could rise further if the trend continues.
GME Price Analysis
GME or Gamestop, is a newly launched Solana meme coin which has made huge gains recently. After its launch in February 2024, GME peaked at $0.01352 before entering a downtrend. However, the price has risen several times before, creating an all-time high of $0.0219 just a week ago. For now, the Gamestop Price it dropped to $0.0219 after a 21% drop in the last 24 hours alone. Furthermore, its market cap and trading volume fell to $39,312,853 and $69,485,972.
What’s interesting about GME is that it launched with a comparatively smaller supply of meme coins. Gamestop has a total supply of 6,885,214,218 GME, which is already in circulation. A small token amount is a beneficial factor for the price of GME as demand remains high when supply is low.
Who will get $1 first between PEPE and GME?
PEPE and GME are the most popular meme coins due to their current gains. PEPE has an overall profit of 2,158%, while GME has a loss of 3% after its current decline. When comparing both meme coins in terms of their market capitalization, PEPE is much superior to GME by two factors. First, PEPE has been on the market longer than GME, so demand is higher for PEPE. Secondly, PEPE has a larger circulating supply of 420 billion. However, this also restricted PEPE’s price advance as GME did previously.
Furthermore, the most important comparison comes from the price history of these meme coins. Despite being new to the crypto market, GME is much closer to $1 than PEPE as its price is $0.0219 while PEPE is $0.00001222. On the downside, GME does not have much history in the crypto market, which also restricts the analysis of the price pattern and how the token will move next, whereas with PEPE, a high earnings tag is already attached to this coin. memes.
After carefully analyzing all the necessary metrics and market capacity, PEPE is less likely to reach the 1 dollar mark. This is because PEPE has a huge circulating supply and a trillion dollar market cap for a meme coin is not viable for now. On the other hand, GME is already closer to $1 and is in short supply, making it easier to understand GME Hitting $1 instead of PEPE.
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