Both of these coins have been sold off to seek relief.

PEPE vs SHIB: Who will be the first to break through $1 and set off a carnival in the crypto world?

SHIB
Many fans and enthusiastic market sentiment: SHIB has set off waves of enthusiasm in the currency circle, especially the ShibaSwap exchange it launched and the Shiba Inu metaverse under construction, which have made its development momentum strong. Too much supply: But there is also a big problem here-the supply of SHIB is too large. At present, the total supply of SHIB has reached more than 500 trillion.

If SHIB wants to break through $1, the increase in market value is almost astronomical. At the current price, SHIB's market value needs to double, which requires the full cooperation of the entire market and strong market enthusiasm.

If SHIB wants to break through $1, it must not only rely on more demand, but also stabilize its market performance by reducing supply (such as burning some coins). If these factors cannot be effectively adjusted, the goal of $1 may become out of reach.

PEPE
Possible outbreak in the short term: As a meme coin, PEPE often rises rapidly under the hype of social media, especially driven by the enthusiasm of the crypto community, the price can surge instantly. Oversupply: Like SHIB, the supply of PEPE is also in a state of oversupply.

This means that in order for PEPE to break through $1, it also requires a lot of investor support and demand growth. Weak infrastructure: Compared with SHIB, PEPE's infrastructure is relatively weak, and it does not have a broad ecosystem and future development plan like SHIB. This makes the long-term development of PEPE face considerable challenges.

Market heat and social media effect: If PEPE wants to break through $1, it must rely on the promotion of social media. If it can continue to attract the attention of investors and the community, PEPE may still usher in an explosive rise in the short term.

Demand outbreak: If some marketing methods can be used to reduce supply and increase demand, the price of PEPE will naturally rise. But whether it can be sustained still depends on the enthusiasm of the market.

#PEPE创历史新高 #SHIBA🚀