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Pepe aims to surpass Shiba Inu in 2024, with Pepe Unchained, a new contender, raising $1.5 million in presale.
It’s been a massive year for Pepe while Shiba Inu has largely struggled, and now investors want to know if it can flip SHIB in 2024. Just a 2x price increase is required. Is this something we will see this year?
You might also like: Pepe rises as Layer 2 token Pepe Unchained emerges as new contender
Traders are leaning toward the Frog
A memetic showdown is heating up in the Ethereum ecosystem, and Pepe and Shiba Inu are headlining. While both projects are deep into the green over the past year, the market has favored Pepe.
The price chart below depicts the trajectory of Pepe (blue) and Shiba Inu (orange) over the last year.
It’s a clear win for Pepe. Its price is up 650% in the past year, while Shiba Inu is up 125%. But does that tell the full tale, or does SHIB have a chance of catching up?
There’s certainly a case for SHIB gaining an edge over Pepe this year. For instance, while Pepe is predominantly driven by hype and speculation, SHIB has real utility.
Between its layer 2 blockchain, metaverse, NFTs, decentralized exchange, and staking, there are many innovations that could drive demand.
On the other hand, Pepe is focused on “pure” memetics. Its infamous Pepe the Frog mascot has proven a fan favorite, drawing $4.9 billion of liquidity to the project.
And analysts certainly favor Pepe, with Dolph highlighting that Pepe’s trading volume regularly overshadows that of Dogecoin and Shiba Inu.
It’s also worth considering that Pepe has yet to be listed on Coinbase, while Shiba Inu has. Should Pepe secure a Coinbase listing, this could skyrocket its trading volume (and potentially price).
Meanwhile, analyst Daze suggests that Pepe’s next leg up could enable it to flip SHIB. But that ultimately depends on whether the market favors Pepe’s memetics or Shiba Inu’s utility.
This makes a tough call, but investors may be pleased to know that an alternative encapsulates the best of both worlds.
It’s called Pepe Unchained, and it is the first Pepe-themed crypto to have its own blockchain. Let’s take a closer look.
Pepe Unchained raises $1.5m in presale
Pepe Unchained is wasting no time in its market debut. It has raised over $1.5 million in its opening two weeks of presale, reflecting an insatiable interest from memecoin fans and value-seeking investors.
With a Pepe-inspired mascot at its memetic heart, the project is also developing an Ethereum layer 2 blockchain.
The blockchain will be 100x faster and far cheaper than the main Ethereum network. So it’s a no-brainer for meme coin fans.
Also, Pepe Unchained is sweetening the deal with 2x the staking rewards. This is possible due to the network’s lower operational costs.
Staking is live and offers a 1,100% APY. However, this will decrease as more tokens are staked.
There’s been a huge buzz among industry analysts, with the 99Bitcoins YouTube channel urging its 700k audience to “not miss out on these gains.”
Pepe Unchained has hit the ground running with a compelling use case that intertwines utility and viral potential. The presale is ongoing and currently priced at $0.0081939.
But the price will rise throughout the ICO, and the next uptick will occur in one day. As such, those seeking the most upside should act fast.
To learn more, visit the Pepe Unchained presale.
Read more: Book of Meme sees gains as Pepe Unchained ICO raises $1 million
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