Pepecoin (PEPE) made its explosive debut in April 2023. After its launch, the token’s price surged by nearly 7,000%, leaving all other major projects in the dust. The price of Memecoin peaked on May 5, reaching an all-time high of $0.00000431. The asset is currently down 71.64% from its May high.
However, some analysts believe that Frogcoin may still have some secrets. PricePrediction analysts said that by 2025, PEPE could reach a high of $0.00000302. This would represent an increase of about 147% from its current value.
On the other hand, analysts at Wallet Investor are a bit more optimistic about memecoin. They predict that PEPE could reach a high of $0.0000273 by 2025. This would represent a 2137.7% increase from current levels.
However, if PEPE wants to rebound with such numbers, there are several factors to consider. Frogcoin’s dog competitors Shiba Inu (SHIB) and Dogecoin (DOGE) are just two meme projects that are bigger than PEPE and could hinder its growth.
Comparison of Pepe, Shiba Inu and Dogecoin
Dogecoin is the first meme coin and therefore has the advantage of being an early adopter. DOGE has seen widespread adoption and acceptance. Even backers like Elon Musk’s Tesla accept DOGE as a form of payment for their wares. There are even rumors that Musk’s X platform will use DOGE in its upcoming payment feature.
On the other hand, Shiba Inu is going through a radical change in development. The project is about to launch its own blockchain. This will bring more real-world use cases for SHIB. The token will also no longer be an ERC-20 token on the Ethereum blockchain. In addition, SHIB, like DOGE, has seen widespread adoption and acceptance.
BitPay recently announced the inclusion of SHIB into its “Bill Pay” feature, allowing US users to pay bills using SHIB
PEPE is completely eclipsed in terms of fundamentals. It's not widely adopted and many places don't accept it as a form of payment. Memecoin has also been facing a lot of liquidity issues lately.
But this doesn’t mean that PEPE can’t grow on its fundamentals. DOGE and SHIB didn’t start out as they are now, but grew and developed over time. PEPE can also grow and bring more real-world use cases to increase adoption and acceptance. However, such initiatives have not yet begun
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