Meme coins are quite an interesting crypto asset, as they differentiate from the other options in this space. This is because they add a funny appeal to an ecosystem characterized by concepts that are hard to grasp for most people. But the launch of meme coins has changed some things, and thanks to this, people have more alternatives from where to choose when they want to diversify their portfolio.
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Meme coins are inspired by the most famous memes circulating on the internet, which is why they are funnier alternatives. The value of meme coins is not given by the fact that they bring a lot of technical innovations but because they have strong support from the community. Thanks to this, meme coins can go viral and attract a lot of hype. The result of this action is that the value of meme coins will also increase. Currently, the meme coins landscape has improved a lot from the past, which is why many meme coins are fighting for the number one position and the title of the most popular meme coin. In this article, the players fighting for this title are Pepe and Doge. Dogecoin is the first meme coin created more as a joke, while Pepe is quite a newer addition that also made the needed changes to improve what the other meme coins were offering. This has positively impacted the Pepe price USD, especially because Pepe benefits from strong community support, which can create more hype and drive the prices up.
Let’s examine all the attributes of these two digital coins further to see which one has the best potential to reign in the meme coin sector.
Opponent number one: Pepe coin
Pepe coin is one of the best examples of meme coins, and it has attracted a lot of attention due to all its attributes. Even though Pepe is quite a new addition to the meme coin landscape, it has the potential to increase in popularity unimaginably. The Pepe meme inspired this coin, which you have probably seen online, as it was everywhere.
One unique feature that makes Pepe stand out is its deflationary mechanisms and no-tax policy. Because of this, Pepe has integrated more accessibility and become one of the best meme coins.
Opponent number two: Dogecoin
Dogecoin is the first meme coin ever created, and it was meant to be more of a joke. The funny part of this digital coin is its logo, which features a Shiba Inu dog. This is also why, over the years, Dogecoin has also received the name of the “dog coin.” No one expected Dogecoin to increase so much over the years, especially because even its creators didn’t have that big of a plan with it.
Dogecoin has attracted a lot of support from the community, giving it mainstream attention. It has also been used to support various social cases and philanthropic objectives, gaining even more popularity.
A comparison between Pepe and Doge
Origins
Dogecoin is the first meme coin, launched in 2013 by Jackson Palmer and Billy Markus. They created Dogecoin more as a joke and never expected it to attract that much enthusiasm. However, Dogecoin started making waves on social media, which has driven its price on an upward trajectory. Another reason that made DOGE so popular is that it benefited from the support of celebrities like Mark Cuban and Elon Musk.
On the other hand, behind the creation of Pepe is an anonymous team that has seen the advantages that cryptocurrencies have if they also add meme coins into the game. Pepe coin was inspired by Pepe the Frog, a popular meme used by plenty of people worldwide. So, it was no surprise that this meme coin also quickly increased in popularity. Even though it was launched in 2023, which is quite recent to the present moment, it did manage to achieve an unexpected success.
Technology
DOGE functions similarly to Bitcoin with a Proof-of-Work (PoW) consensus mechanism, where new transactions are added with the help of a mining process. However, one difference from Bitcoin is that Dogecoin has no capped supply but an inflationary value. Pepe is based on the Ethereum blockchain, and because of this, it can use the innovation of one of the best blockchains worldwide, including smart contracts. Another comparison with Doge is that Pepe has a deflationary mechanism, meaning it has a total supply of 420.69 trillion tokens.
Which is the best meme coin to invest in?
We can’t pinpoint exactly the best meme coin you should invest in, as this depends more on your needs and preferences. For example, if you are looking for a popular meme coin, it might be better to consider Pepe, one of social media’s most followed crypto projects. However, because Pepe is quite a new meme coin, it can have low liquidity, impacting your decision if your goal is to exchange digital coins with fiat money quickly.
If that is the reason you want to invest in digital coins, then Dogecoin could be a better answer. It has been in the market for longer, and because of that, it has better liquidity. Doge has the first-mover advantage in the meme coin space, making people more confident about investing in it than in the newer options. For example, DOGE has become a payment method for many companies, including Tesla. This makes Dogecoin a more attractive investment.
Meme coins are quite an interesting phenomenon, as they have a great appeal over other cryptocurrencies, especially because they have removed some of the technological barriers of digital coins.
Which one do you think is a better investment: Pepe coin or Dogecoin? We hope the information from this article will help you choose the best option for you.
