📉 What Happened: Altcoin Sherpa analyzed several large-cap meme coins, discussing their potential for traders. Despite Pepe not being a DOGE coin, Altcoin Sherpa saw it as a top Ethereum meme with potential for further growth. Altcoin Sherpa pointed out further pros of Pepe:

👍 Pros:
Pepe remains a top Ethereum meme coin with substantial liquidity and trading volume.There is still "some room to run" in terms of price potential.The token’s price discovery could lead to "stupid things potentially" in terms of its performance.

👎 Cons:
Other meme coins might continue to attract more attention from investors.Limited potential for significant upside gains.

🔍 Altcoin Sherpa concluded Pepe presents a favorable opportunity for investors looking at the years ahead, specifically 2024-2025. He also raised the question of whether the recent “degen activity” on Solana and Base would impact the flow of funds into Ethereum, noting retail investors might be drawn to newer token offerings.

💡 Why It Matters: With a 30% increase in the past month alone, Pepe saw its valuation grow more than fivefold from $538 million at the beginning of 2024 to nearly $3 billion right now.

🚀 Altcoin Sherpa suggests there was no need for an extensive discussion on memes, culture or other VC theses. He proposed that investors could simply capitalize on opportunities like "buying a dog with a hat and making 10x," reflecting the speculative nature of the market.

🐸 In conclusion, Altcoin Sherpa remarked, "You can simply buy a dog with a hat and make 10x — that’s what we’re all here for, right?"

💰 Pepe recently fell behind Dogwifhat in terms of market capitalization but remained the second-biggest meme coin on Ethereum. Even so, its $2.9 billion market cap significantly trailed the $15.3 billion of Shiba Inu. The token was down 9% in Tuesday.