DOGE and SHIB are far ahead

The May Day holiday has passed. Recalling that on May Day last year, the price of DOGE fell back by 6cm, and then PEPE and Smart Dog came out. It has to be said that history is surprisingly similar.

This year's May Day also plummeted, but fortunately it rebounded and formed a V-shaped. It is currently in a state of shock, and the next direction is unclear. In addition, the international news is relatively fragile, so everyone should be cautious.

After the Great Heat, there must be a Great Cold. Now that the Great Cold has come, there must be a Yangchun after it. Everyone should be more patient.

The relationship between Dogecoin and Musk is a topic full of stories and controversy. From a meme that was seen as a joke to being supported by one of the richest people in the world, the story of Dogecoin reflects the variability and unpredictability of the crypto field.

In the future, whether Dogecoin can continue to maintain its unique status may depend on whether it can go beyond the label of meme coin and develop more practical applications and technological innovations.

Shiba Inu is a cuter alternative to DOGE. Shiba Inu was created by an anonymous developer under the pseudonym "Ryoshi" and named after the dog breed.

One question that many people are concerned about is whether Dogecoin will reach $1. DOGE has been close to Shib but it is still far away.

Two years ago, at the peak of the Bitcoin bull run, the two head memes hit all-time highs. However, there is reason to believe that this is significantly overvalued in the market.

They have depreciated significantly since then, while Bitcoin hit a new all-time high this year. The two memes have not, or are even far away, so to reach $1, another bull run or new uses are needed.

Regarding the former, since BTC has completed its fourth quadrennial halving, the big bull is coming.

In terms of underlying technology, Dogecoin is quite old. Like Bitcoin, it uses a proof-of-work consensus mechanism, and miners with the most computing and power resources mine the most DOGE.

Due to Dogecoin's smart contract limitations, it also cannot really boast an ecosystem. This means that among responsible investors, Dogecoin is likely to be left behind by more useful or energy-efficient ones.

What about frogs and sloths? Pepecoin (PEPE) is the world's third largest meme coin.Like Dogecoin, almost everyone has heard of it.

However, its market cap of $3.4 billion is still not as good as Dogecoin and Shiba Inu. So for now, the two top memes are still far ahead.

As it stands now, PEPE will never reach $1. Do DOGE and Shiba Inu still have a future?

They are far from dead, so it does have good prospects. Talking about its future... As long as the market continues to "breathe", they will live. Some experts even say that one day it can reach $5 each. Well, don't think so far, just reach $1, so let's wait and see.

I am May. If you are confused and don't understand the market, click on the avatar introduction to find May to operate together #DOGEUSDT #SHIBUSDT $PEPE