Dogecoin (DOGE) and Shiba Inu (SHIB) are the two memecoin heavyweights. They are the only two memecoins in the top 20 crypto projects by market cap. However, Pepe (PEPE) and Floki (FLOKI) are two alternate memecoins that might not be as famous as the two aforementioned assets but have the potential to be worthy contenders.
PEPE is notorious for its massive rally upon its launch in mid-April this year. The token rallied by more than 6000% in just a matter of days. However, the token’s value has plummeted in the last couple of weeks. Floki, on the other hand, has a lot of developments to bring in more real-world use cases. However, which of the two will be the first to reach $0.01? That is a question that many fans and investors have on their minds. So, let’s dig deeper.
Pepe vs. Floki: The $0.01 race
To reach $0.01, both tokens would have to make some serious gains. For Pepe (PEPE), reaching $0.01 would mean a growth of 781150%. Meanwhile, for Floki (FLOKI), it would mean a growth of 31615.83 %. Moreover, Floki has risen 37,294.75% from its all-time low. Meanwhile, Pepe has risen about 2214.60%. Therefore, Floki already has experience with such a rally. Furthermore, according to CoinMarketCap, Pepe has 115,848 holders, while Floki has 74,187 holders. Here, Pepe might be at an advantage as more people have something to lose.
However, one of the most important factors to consider is a project’s real-world use case. In the case of Pepe Coin, it is just a memecoin with no other implication. The project is merely a celebration of internet culture, similar to Dogecoin (DOGE). However, unlike DOGE, PEPE is not accepted as payment in many places. Floki, on the other hand, is trying to bring in some real-world use cases to the project. The team has launched the Valhalla metaverse game. Moreover, Floki is also accepted in more places than Pepe, at least for the time being. Moreover, the project is not plagued by liquidity issues like Pepe.
Hence, going by the aforementioned points, it is possible that Floki would win the race to reach $0.01. However, the outcome may change based on how the future of both memecoins unfolds. At press time, PEPE was trading at $0.00000128, up by 1.6% in the last 24 hours. On the other hand, Floki was trading at $0.00003153, up by 0.6% in the last 24 hours.