Memecoins
The Battle for Meme Coin Supremacy
The meme pieces continued to attract attention. Pepe’s piece [PEPE] has been in the spotlight recently, with the crypto community speculating that it could surpass Shiba Inu [SHIB] in market value by 2024. PEPE’s incredible 1,000% growth this year has sparked predictions that it could eclipse both the OG meme cryptocurrency Dogecoin [DOGE] and Shiba Inu to become the best coin.
Shiba Inu: proactive growth strategy
Shiba Inu is determined to maintain his lead. The token raised $12 million in a token sale to develop Shibarium, a privacy-focused blockchain. He positions it as the “meme center of the world”. Additionally, Shiba Inu launched Shiba AI [S.A.R.A.H.]designed to strengthen community engagement and support ecosystem projects with a focus on humor and user safety.
Beyond technological advancements, Shiba Inu is improving its real-world usability. Initiatives such as the decentralized exchange ShibaSwap and the acceptance of the token as a payment method by various merchants have strengthened its position in the market. These efforts highlight Shiba Inu’s commitment to increasing its usefulness and appeal beyond just being a coin.
Also Read: Shiba Inu Expected to Hit 3.5 Cents, But When?
PEPE: no inherent value, but influential
Pepe Coin’s trajectory highlights the immense power of community and hype in the cryptocurrency industry. PEPE’s market value surged to over $1 billion following its listing on Binance and future listing on Coinbase International Exchange, illustrating the significant impact of enthusiasm and speculation within the crypto world .
Although PEPE developers openly state that the coin has no inherent value or potential for financial gain, the success of the coin highlights the influence of community initiatives in the cryptocurrency sector. Analysts remain cautiously optimistic, forecasting that PEPE could reach $0.000078 by 2030, although these predictions are speculative and dependent on market conditions.
A competitive landscape
Competition between PEPE and SHIB is intensifying, especially as new meme tokens continue to emerge. PEPE is currently priced at $0.00001424, with a value increase of 3.40% over the last day. Its weekly and annual performance is also promising, with gains of 32% and 109% respectively.
Conversely, the Shiba Inu’s recent performances have been less stellar. At press time, the meme coin was trading at $0.00002545, SHIB saw a 2% drop in value over the past day. The token’s performance over the past week and month has also been disappointing, with declines of 1% and 5%, respectively.
Also Read: Pepe Coin Reaches New ATH: How High Can It Go This Weekend?