Can Pepe Meme keep up with Shiba Inu?

by
Gregory Pudowski

Posted: December 14, 2024 5:00 AM Updated: December 13, 2024 11:28 AM

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The cryptocurrency market is truly booming in 2024, with meme tokens once again gaining attention. Both experienced and new investors are actively discussing the rapid growth of meme coins, which have seen their prices rise by thousands of percent in a short period of time. Social media is full of success stories and recommendations for properties to acquire. As a result, interest in meme tokens has reached unprecedented levels, with more and more people deciding to jump into this volatile but attractive market.

By 2024, Shiba Inu has become one of the most popular meme tokens in the cryptocurrency market. The token’s market capitalization exceeds $16 billion, ranking it 13th on the CoinMarketCap platform. But a question arises: Are we all optimistic about this asset?

Over the past month, the price of the meme token has increased by only 10%. This is a relatively modest level, especially considering the positive dynamics of the overall market. Trading volume has increased slightly since the beginning of the year, but this change is not significant. Considering the market capitalization of over $16 billion, the prospect of the token growing 100% is a bit of a risky proposition. It is important to note that large meme tokens like Shiba Inu typically do not attract the attention of short-term traders. It can be assumed that investment inflows into this asset are mainly driven by experienced investors who believe in the potential of this asset. What exactly will they see in the future?

Now let’s turn our attention to Pepe Meme, a new meme token that could catch up or surpass Shiba Inu in market capitalization in the long run.

Top Reasons Why Pepe Meme Could Surpass His Shiba Inu

Let’s take a look at the blockchain that is the foundation for the new project. Solana is currently at peak popularity thanks to the large number of meme tokens and the active community that supports its development. Meanwhile, since Shiba Inu operates on the Ethereum network, it unfortunately cannot compete effectively with Solana in several key aspects. The main problem is high transaction fees and processing speed.

Why is this important? Paying high fees and waiting for transactions to be processed causes significant inconvenience to users, especially new users.

Pepe Meme is on the cutting edge compared to Shiba Inu, as proven both in the meme realm and as a full-blown cryptocurrency project. Pepe boasts an extensive and useful developed ecosystem. One of the best features is the airdrop, which truly highlights Pepe’s commitment to his investors and fans. After all, it’s nice to get something for free, right? These moments serve to create a close relationship between the project and its participants, spark interest, and build trust. Isn’t it important for cryptocurrency projects to not only generate profits but also care about users?

>>>Participate in the Pepe Meme airdrop<<

Increased Interest in Pepe Meme

In a relatively short period of time, the project has attracted more than 500,000 followers on Pepe Meme Twitter and raised approximately $2 million in pre-sales.

>>> Pre-sale has started!<<

This strong growth momentum was driven by prominent cryptocurrency influencers who began supporting the project idea and sharing it with the community. Classic examples include Elon Musk and ClayBro, who mentioned the project in their posts.

conclusion

Pepe Meme is more than just a meme, it’s a project with great potential. It is designed to go beyond traditional memes and establish itself as a significant player in the cryptocurrency market. Through continuous development and the introduction of new features, the project embodies the ambitions of serious players. Integration with the Solana ecosystem and growing support from investors lays a solid foundation for future growth. It is impossible to overlook how meme tokens are gaining increasing traction in the cryptocurrency space.

In this context, Pepe has every opportunity to make a name for himself and even compete with famous players such as Shiba Inu.