A crypto trader renowned for his accurate market predictions believes that a popular memecoin is set to increase its value by more than double. Last week, Hsaka, an analyst with a large following on the social media platform X, expressed his belief that the frog-themed memecoin Pepe (PEPE) will surpass its rival Shiba Inu (SHIB) in terms of market capitalization. At that time, PEPE was ranked as the 28th largest cryptocurrency by market cap. Since then, the Ethereum-based memecoin has experienced a significant surge, with its value increasing by approximately 71% in just a few days. Hsaka shared an updated chart showing that PEPE has surpassed six other cryptocurrencies in terms of market cap rankings. Another crypto strategist, Kaleo, who also has a sizable following on the same platform, expressed optimism about PEPE’s potential for substantial gains in the current bull market. Drawing comparisons to the performance of SHIB and Dogecoin (DOGE) in the previous cycle, Kaleo stated that with PEPE’s current market cap of $6 billion, there is still plenty of room for growth. At the time of writing, PEPE is valued at $0.0000152, representing a 7% increase in the past 24 hours.