Pepe vs Shiba Inu vs Dogecoin: A Closer Look at Meme-Inspired Cryptos

Key Takeaways

• Memecoin Evolution: Memecoins, inspired by internet memes, gained traction in 2013 with Dogecoin’s creation. This trend, fueled by their appeal to a broad audience, has continued with newer entrants like Shiba Inu and Pepe.
• Shiba Inu’s Unique Appeal: Shiba Inu, emerging in 2020 as a “Dogecoin killer,” boasts distinctive features such as tokenomics, with a massive supply and intentional burning for scarcity. Its popularity is enhanced by an active social media community and exploration of non-fungible tokens (NFTs).
• Comparative Analysis: Dogecoin, Shiba Inu, and Pepe differ in market dynamics, technology, and potential use cases. Dogecoin leads in popularity, Shiba Inu stands out for its unique features and community, while Pepe, despite controversy, has carved a niche.

A Brief History of Memecoins

Before we delve into the specifics of each memecoin, let us explore the memecoin sector and how it came to be. Memecoins are a subcategory of crypto that is inspired by or based on internet memes. The phenomenon first gained popularity in 2013 with the creation of Dogecoin. The token was based on the popular meme featuring a Shiba Inu dog.

Since then, the trend of creating meme-based crypto has continued to grow. Their popularity stems from their unique ability to capture the attention of a broad audience, including both seasoned investors and casual social media users. The most recent is the frog token PEPE based on the famous Frog meme. 

This rise of memecoins can be attributed to the increasing interest of investors in the crypto space. As more and more people become interested in investing in digital currencies, memecoins provide a lighthearted and fun alternative to more serious crypto like Bitcoin and Ethereum.

Shiba Inu: The New Kid on the Block

Shiba Inu, often dubbed as “the Dogecoin killer,” emerged in August 2020 as a relatively recent memecoin. Named after the renowned Japanese dog breed, it adopts the Shiba Inu dog as its mascot, similar to that of the Dogecoin token.

Distinctive among its features is Shiba Inu’s tokenomics. The crypto asset boasts a massive supply of 1 quadrillion tokens, half of which are intentionally burned to instill scarcity. This deliberate reduction contributes to a sense of exclusivity among investors, potentially fueling an increase in its demand and value.

Another element fostering Shiba Inu’s popularity is its robust community. With an enthusiastic following on social media platforms such as Twitter and Reddit, users actively engage in sharing memes and discussing the latest happenings in the world of memecoins.

Key features of Shiba Inu (SHIB):

• Built on the Ethereum blockchain, it is an ERC-20 token and uses PoW technology.
• While it is a memecoin, the SHIB ecosystem has a few types of tokens available for different purposes; i.e. LEASH, BONE, and SHIB.
• Shiba Inu has explored the non-fungible token (NFT) space, releasing its own NFT collection, Shibosis, and adding an artistic and collectible dimension to the project.

Read more: Shiba Inu vs Bitgert

Latest SHIB News:

• Earlier today, the SHIB ecosystem published a blog, announcing Puppynet, Shibarium’s testnet’s upgrade that would move the underlying Layer 1 from the Goerli Network to the Sepolia Network.

Learn all about the upcoming Puppynet adoption of Sepolia and discover a new era of burning 🔥 in our latest blog post: https://t.co/1M3xxHAD4u

— Shib (@Shibtoken) December 4, 2023

• Boxing champion, Manny Pacquiao’s charitable foundation has announced that they will be using Shibarius’s L2 for fundraising and operational activities.

🚨BREAKING: Manny Pacquiao’s charitable foundation will use @Shibtoken‘s ‘Shibarium’ L2 to conduct fundraising and operational activities.#SHIB #ShibaInu #memecoin pic.twitter.com/fYfxm4Lkg4

— BSCN (@BSCNews) November 15, 2023

Dogecoin: The Original Meme Crypto

In 2013, software engineers Billy Markus and Jackson Palmer created Dogecoin as a humorous crypto inspired by the widely popular meme featuring a Shiba Inu dog. The crypto swiftly gained traction on social media and eventually garnered support from notable figures like Elon Musk and Mark Cuban.

Despite its initial conception as a jest, Dogecoin has cultivated a dedicated following among investors and crypto enthusiasts. Recognized for its rapid transaction speeds and low fees, Dogecoin stands out as a more accessible option compared to some other crypto.

A pivotal moment in Dogecoin’s history unfolded during the “Doge4Water” campaign, where the Dogecoin community successfully raised over $50,000 to finance clean water projects in developing nations. This initiative underscored the capacity of memecoins to unite people for philanthropic endeavors.

Key features of Dogecoin (DOGE):

• The DOGE token is based on Litecoin and uses the same PoW technology.
• There is no limited supply for DOGE tokens like Bitcoin.
• Dogecoin transactions typically have low fees, making it attractive for microtransactions and small value transfers.
• DOGE is widely available on various crypto exchanges, contributing to its liquidity and ease of access for users.

Also Read: Cardano vs Dogecoin

Latest DOGE News:

• Funding the project to send DOGE to the moon back in 2015, it is finally becoming a reality. With a collective effort from the community, astrobotic are planning to send a physical Dogecoin to the moon in the DHL Moonbox via ULA’s Vulcan Centaur Rocket on 12/23/2023. 

🚀Dogecoin On The Moon Update🌕

Exciting news for the Dogecoin community!🌑

Astrobotic plans to send a physical Dogecoin to the moon in the DHL Moonbox via ULA’s Vulcan Centaur Rocket on 12/23/2023. Funded by our community in 2015, this mission embodies collective effort! pic.twitter.com/QESz4ikHln

— Dogecoin (@dogecoin) November 16, 2023

• It is being anticipated that the DOGE might be used for Cybertruck by Elon Musk as the source code has several mentions of the token.

BREAKING: $DOGE in the source code of cybertruck check out page.

I verified myself.@elonmusk verify yourself please.

👀 pic.twitter.com/0Vori0BLHK

— MartyParty (@martypartymusic) October 9, 2023

Read More: Pepe Coin vs Floki Inu

Pepe: The Controversial Internet Icon

Pepe, an internet meme, has sparked controversy due to its association with far-right political groups and hate symbols. The corresponding memecoin is centered around Pepe the Frog, originally conceived in the early 2000s as a benign comic character.

The introduction of Pepe as a crypto asset has elicited diverse reactions. Advocates argue that it serves as a means to reclaim the character from negative associations, while critics view it as cultural appropriation and an endeavor to profit from a symbol linked to hate groups.

Despite the contentious nature of Pepe, the memecoin has managed to attract a following among certain crypto enthusiasts. Its distinctive branding and connection to a widely recognized internet meme set it apart in a competitive market.

It is crucial to acknowledge that, similar to all crypto assets, memecoins carry inherent volatility and risk. Investors are advised to conduct thorough research and exercise caution before venturing into any digital currency investment.

Key features of Pepe (PEPE):

• Pepe is named after the popular internet meme character of a green-colored frog.
• PEPE is quite literally one of the most memorable memecoins in existence, due to the surprising rise in its market value right after its debut.
• As per the official site, PEPE is said to be the coin for the people, forever as it comes with no presale, zero taxes, LP burnt and contract renounced.

Latest PEPE News:

• Following the unexpected leak and an early release of the highly anticipated Grand Theft Auto 6 (GTA 6) trailer by Rockstar Games, PEPE memecoin saw a massive surge in its value. 

Shiba Inu vs Dogecoin vs Pepe Comparative Analysis

Name	Shiba Inu	Dogecoin	Pepe
Launch Date	2020	2013	2023
Founder	Anonymous Group – Ryoshi	Billy Markus and Jackson Palmer	Anonymous Group
Blockchain Protocol	Ethereum blockchain (ERC-20Token)	Dogecoin	Ethereum blockchain
Native Token	SHIB	DOGE	PEPE
Token Type	Utility	Native	Native
Market Cap	$5,291,693,507	$12,567,954,402	$575,312,032
Circulating Supply	589,346,914,631,298 SHIB	142,106,406,384 DOGE	417,481,332,889,206 PEPE
Max Supply	NA	NA	420,690,000,000,000 PEPE

Shiba Inu vs Dogecoin vs Pepe: Technical Analysis

While taking a look at the tokens, all tokens have had an interesting year in 2023, with DOGE leading the chart, being the biggest memecoin based on market capitalization. While the yearly ends had brought in a positive stance to the crypto market, the heights that ETH and BTC reached in December, are also propelling the altcoin prices, aiming to reach heights before entering 2024. 

Shiba Inu Price Prediction

Following its November surge, where SHIB price reached $0.0000096, there has been a few corrections till the month end. However, at the time of writing, SHIB price has incurred the same price levels and is expected to break through this level and an anticipated trajectory for the end of the month is a rise to $0.0000091. December 2023 is poised for substantial growth, in line with a notable shift in bullish sentiment. 

If the market activity ends up with another surge in SHIB price, it may attempt to keep within the range of  $0.0000091 and potentially reach the milestone of $0.0000098.

Read More: Shiba Inu Price Prediction 2023

Dogecoin Price Prediction

As we enter the last month of the year, DOGE price is also experiencing an uptick following the price being on the $0.8 level by the end of November. Significantly, it is expected that the bears will remain subdued, creating room for a potential substantial upward movement. 

Analysts are expecting that by the end of the month, there is a possibility that DOGE price will be trading above $0.085 and wrapping up the year around $0.092, supporting a bullish outlook for the Dogecoin price in 2023.

Read More: What will Dogecoin be worth in 2025?

Pepe Price Prediction

Following the bullish momentum that PEPE had soon after its launch, the third largest memecoin has experienced a dip in its price since then. However, PEPE price has been trading at $0.0000013 at the time of writing, and it needs to break through this supporting level to reach the necessary momentum for the anticipated price to surpass $0.0000018 levels.

Read On: Pepecoin Price Prediction

Should you invest in SHIB vs DOGE vs PEPE?

Having delved into the background of each memecoin, it is important to know where these token stands that distinguishes them. 

One of the first significant distinctions exists in the market capitalization and popularity of these memecoins. Dogecoin stands out as the most recognized, boasting a market cap exceeding $5 billion as of December 2023. Its early traction on platforms like Twitter and Reddit contributed to a substantial and devoted following. In contrast, Shiba Inu, a newer entrant created in August 2020, has rapidly gained attention, while Pepe, however, has not achieved the same level of popularity, registering a market cap just over $1 million.

Popularity plays a crucial role in the value of these memecoins, impacting investor interest and demand. However, it’s essential to note that heightened popularity can also lead to increased volatility.

If we look at the technological variances and potential use cases are some of the other important considerations. Dogecoin shares Bitcoin’s technology, utilizing a proof-of-work consensus algorithm, whereas Shiba Inu employs a modified version of Ethereum’s blockchain, allowing for faster transactions and lower fees but introducing additional complexity. Pepe utilizes the same technology as Shiba Inu.

Each memecoin presents different potential use cases. Dogecoin, for instance, has supported charitable causes and served as a payment method for online purchases. Shiba Inu also offers potential use cases and rewards through staking, allowing users to earn additional coins by holding them in a wallet. Pepe’s potential applications are less evident due to its controversial nature.

In conclusion, comparing these memecoins involves weighing various factors. While they share a focus on humor and satire, their differences, such as market dynamics and potential applications, can impact their value. Investors can make informed decisions by understanding these distinctions and navigating the market accordingly

How to Invest in SHIB vs DOGE vs PEPE?

Investing in crypto is super simple, safe, and secure with the CoinDCX app. It doesn’t matter whether you want to invest in Dogecoin, Shiba Inu or Pepecoin, we have got you covered. CoinDCX is India’s safest and simplest crypto investment app for your one-stop purchase of any crypto asset. 

Here are the 4 simple steps to buy your first token with CoinDCX. 

1. Sign up on CoinDCX 
2. Complete your KYC
3. Link your bank details
4. Buy Dogecoin (DOGE) or Shiba Inu (SHIB) or Pepecoin (PEPE)