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Pepe set to overtake Shiba Inu in the crypto market this year
The post Pepe set to overtake Shiba Inu in the crypto market this year appeared on BitcoinEthereumNews.com. Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Pepe aims to surpass Shiba Inu in 2024, with Pepe Unchained, a new contender, raising $1.5 million in presale. It’s been a massive year for Pepe while Shiba Inu has largely struggled, and now investors want to know if it can flip SHIB in 2024. Just a 2x price increase is required. Is this something we will see this year? Traders are leaning toward the Frog A memetic showdown is heating up in the Ethereum ecosystem, and Pepe and Shiba Inu are headlining. While both projects are deep into the green over the past year, the market has favored Pepe. The price chart below depicts the trajectory of Pepe (blue) and Shiba Inu (orange) over the last year. It’s a clear win for Pepe. Its price is up 650% in the past year, while Shiba Inu is up 125%. But does that tell the full tale, or does SHIB have a chance of catching up? There’s certainly a case for SHIB gaining an edge over Pepe this year. For instance, while Pepe is predominantly driven by hype and speculation, SHIB has real utility. Between its layer 2 blockchain, metaverse, NFTs, decentralized exchange, and staking, there are many innovations that could drive demand. On the other hand, Pepe is focused on “pure” memetics. Its infamous Pepe the Frog mascot has proven a fan favorite, drawing $4.9 billion of liquidity to the project. And analysts certainly favor Pepe, with Dolph highlighting that Pepe’s trading volume regularly overshadows that of Dogecoin and Shiba Inu. It’s also worth considering that Pepe has yet to be listed on Coinbase, while Shiba Inu has. Should Pepe secure a Coinbase listing, this could skyrocket its trading volume (and potentially price).…
The post Pepe set to overtake Shiba Inu in the crypto market this year appeared on BitcoinEthereumNews.com.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Pepe aims to surpass Shiba Inu in 2024, with Pepe Unchained, a new contender, raising $1.5 million in presale. It’s been a massive year for Pepe while Shiba Inu has largely struggled, and now investors want to know if it can flip SHIB in 2024. Just a 2x price increase is required. Is this something we will see this year? Traders are leaning toward the Frog A memetic showdown is heating up in the Ethereum ecosystem, and Pepe and Shiba Inu are headlining. While both projects are deep into the green over the past year, the market has favored Pepe. The price chart below depicts the trajectory of Pepe (blue) and Shiba Inu (orange) over the last year. It’s a clear win for Pepe. Its price is up 650% in the past year, while Shiba Inu is up 125%. But does that tell the full tale, or does SHIB have a chance of catching up? There’s certainly a case for SHIB gaining an edge over Pepe this year. For instance, while Pepe is predominantly driven by hype and speculation, SHIB has real utility. Between its layer 2 blockchain, metaverse, NFTs, decentralized exchange, and staking, there are many innovations that could drive demand. On the other hand, Pepe is focused on “pure” memetics. Its infamous Pepe the Frog mascot has proven a fan favorite, drawing $4.9 billion of liquidity to the project. And analysts certainly favor Pepe, with Dolph highlighting that Pepe’s trading volume regularly overshadows that of Dogecoin and Shiba Inu. It’s also worth considering that Pepe has yet to be listed on Coinbase, while Shiba Inu has. Should Pepe secure a Coinbase listing, this could skyrocket its trading volume (and potentially price).…
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