SHIB and PEPE Top meme coins.
Shiba Inu (SHIB): An Ethereum-Based Meme Coin with Growing Utility.
Shiba Inu (SHIB) is a meme coin inspired by Dogecoin but with a key difference: it runs on the Ethereum blockchain. Launched in August 2020 by an anonymous creator named Ryoshi, it started with 1,000,000,000,000,000 tokens. Half of these were sent to Vitalik Buterin, co- founder of Ethereum, who donated a large portion to the India Covid Crypto Relief Fund and burned 40% of the total supply. SHIB's compatibility with Ethereum allows for the development of applications like ShibaSwap, a decentralized exchange, and plans for NFTs and decentralized governance. These features could increase its utility in the crypto space. Its
attractiveness in the current market depends on these developments and market trends.
PEPE Coin: The Deflationary Memecoin Paying Tribute to Pepe the Frog.
PEPE is a deflationary memecoin launched on Ethereum, inspired by the Pepe the Frog meme. It aims to emulate the success of coins like Shiba Inu and Dogecoin, featuring no transaction taxes and embracing its identity as a pure memecoin without utility. In mid-2023, PEPE reached a peak market cap of $1.6 billion, drawing significant interest from crypto enthusiasts. Its roadmap focuses on increasing visibility through social media trends and listings on major exchanges. The coin incorporates a burning mechanism to enhance scarcity and rewards long- term holders to support stability. As an ERC-20 token, it benefits from Ethereum's security. PEPE's availability on platforms like Uniswap, Binance, and KuCoin may enhance its appeal in the current market.