With the altcoin section witnessing the biggest inflows in half a year, blue-chip meme coins are definitely getting a piece of that pie. Intended to be something like a leveraged play on the parent chain, meme coins have always been a pivotal part of any substantial crypto bull race.
How Similar Is Pepe’s Journey To Dogecoin?
Pepe Token (PEPE) has been among the top contenders to replace Dogecoin (DOGE), the top dog of all meme currencies. Both meme coins have survived in the game due to recognizable imagery across social media, uniting meme coin fans through a sarcastic animal-themed meme.
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Moreover, both PEPE coin & Dogecoin (DOGE) partake in billions of dollars in daily trading volume, numbers uncanny for even the most popular meme coins. An ERC-20 token based on Ethereum (ETH), PEPE coin just hit an all-time record in holders, now counting over 472K.
Meanwhile, Dogecoin’s (DOGE) custodian count stands around 6 million, while the market cap difference is $30 billion to $4.43 billion, according to CoinGecko. The main question is, does PEPE Token (PEPE) hold enough strength to make a TOP 20 comeback and match the top dog coin by trading volumes again?
PEPE’s upcoming price movement highly depends on PEPE believers, popularly referred to as crypto bulls, keeping the meme coin above $0.00001, a psychologically significant support zone. Judging from the Perpetuals markets stats, PEPE coin traders believe in the frog-themed coin’s growth more than Dogecoin’s.
The long versus short ratio, portraying all leveraged plays placed both ways in 24 hours, has favored PEPE’s price, scoring 1.0467 in comparison to Dogecoin’s (DOGE) slightly bearish 0.9976, according to CoinGlass. At the time of publication, PEPE coin was priced at $0.00001053 with a 2.9% uptick on Thursday.
On The Flipside
- Dogecoin is running on its own Proof of Work (PoW) blockchain, making DOGE more similar to Litecoin & Bitcoin in structure than all other meme currencies.
Why This Matters
Blue-chip meme coins are often the main companions of major-cap altcoins in terms of price correlation during bull rallies, but are also more fragile.
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People Also Ask:
PEPE, a frog-themed meme coin, challenges Dogecoin (DOGE), the original meme coin king, for top spot. It is a crypto clash to rule the meme market with hype and community power.
PEPE surges with wild price pumps and a rabid fanbase. DOGE holds strong with celebrity nods and wider use. Both coins flex hard to claim the meme coin crown.
It is tough but possible. PEPE must keep its fire, grow its crew, and match DOGE’s mainstream vibe. DOGE leads, but PEPE’s raw meme energy could moon.
Community buzz, social media heat, and whale moves fuel both. DOGE thrives on big-name shouts, while PEPE rides raw internet meme culture.
The victor shapes crypto meme hype, drawing investors and pumping prices. A PEPE win shakes the game; DOGE staying king solidifies its legend.
