Pepeto Leads Meme Coin Market as Shiba Inu Price Prediction Remains Cautious

The cryptocurrency market is experiencing a correction, with meme coins such as Shiba Inu (SHIB) and PEPE losing ground. According to on-chain data from Ki Young Ju, the meme coin market has entered its worst stretch since late 2023, with volume collapsing and selling pressure hitting every blockchain simultaneously.

However, Pepeto stands out for its progress in developing products, including a decentralized exchange, bridge, and trading exchange, which are expected to launch soon. The project's founding round has raised over $7.5 million in committed capital, demonstrating the market's confidence in the project's potential.