Pepe Coin (PEPE) has managed to bring itself under the memecoin spotlight, which was previously only on Dogecoin (DOGE) and Shiba Inu (SHIB). The digital asset has made significant gains since its launch in April. The token has rallied by 442.6% in the last two weeks and 299.5% in the previous seven days.
Shiba Inu vs Pepe Coin: Who will reach $0.01 first?
To reach a price of $0.01, Shiba Inu (SHIB) would need to rally by 99,900%. On the other hand, Pepe Coin (PEPE) needs a whopping 970,773.79% return. Relatively, SHIB’s target looks more achievable in theory. However, this is not the only aspect of reaching $0.01. There are other factors to consider as well.
Secondly, there is a question of use cases. Pepe Coin (PEPE) is a brand-new project with little to no real-world use cases. It is possible that the people flocking to the token are only looking for a “get-rich-quick” project. Additionally, there is not enough liquidity for the investors to cash out just yet.
Shiba Inu (SHIB) on the other hand has a lot more use cases than Pepe (PEPE). The project, apart from being used as a mode of payment, is on the verge of launching its layer-2 network, Shibarium. SHIB is also working on its metaverse initiative and a cold storage system. SHIB also has a burn mechanism to reduce the circulating supply over time.
Hence, going by a side-by-side comparison, Shiba Inu (SHIB) seems to have the potential to win the race to $0.01, against Pepe Coin (PEPE). However, one can never tell how quickly a project rises in the crypto space but it is still a herculean task.
At press time, SHIB was trading at $0.00001000, up by 0.9% in the last 24 hours. PEPE, on the other hand, was trading at $0.00000103, down by 22% in the last 24 hours.