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Pepe is aiming to overtake the Shiba Inu in 2024, with Pepe Unchained, a new contender, raising $1.5 million in pre-sale.
This year has been a big one for Pepe while Shiba Inu has struggled greatly, and now investors want to know if it can turn SHIB into a profitable company in 2024. All it takes is a 2x price increase. Will we see that happen this year?
Traders lean towards the frog.
The competition for creative ideas is heating up in the Ethereum ecosystem, with Pepe and Shiba Inu leading the way. While both projects have seen significant gains over the past year, the market has favored Pepe.
The price chart below depicts the path of Pepe (blue) and Shiba Inu (orange) over the past year.
It’s a clear win for Baby. Its price has risen 650% in the past year, while Shiba Inu’s has risen 125%. But does that tell the whole story, or does SHIB have a chance to catch up?
There’s definitely a reason SHIB got the advantage over Pepe this year. For example, while Pepe is mostly driven by hype and speculation, SHIB has real utility.
Between the second layer of blockchain, the metaverse, NFTs, decentralized exchanges, and staking, there are many innovations that could drive demand.
Pepe, on the other hand, focuses on “pure” memes. The iconic Pepe the Frog character has proven to be a fan favorite, attracting $4.9 billion in cash for the project.
Analysts certainly favor Pepe, with Dolph highlighting that Pepe’s trading volume regularly outperforms Dogecoin and Shiba Inu.
It’s also worth noting that Pepe is not yet listed on Coinbase, while Shiba Inu is. If Pepe is successful in listing on Coinbase, this could increase its trading volume (and perhaps its price).
Meanwhile, the analyst is stunned She suggests Pepe’s progress could enable him to upend SHIB. But this ultimately depends on whether the market prefers Pepe memes or Shiba Inu utility.
This is a tough decision, but investors may be pleased to know that the alternative includes the best of both worlds.
Called Pepe Unchained, it is the first Pepe-themed cryptocurrency to have its own blockchain. Let’s take a closer look.
Pepe Unchained Raises $1.5 Million in Pre-Sale
Baby is unrestrained The cryptocurrency wasted no time in its market debut. It raised over $1.5 million in the first two weeks of its presale, reflecting the insatiable interest from memecoin fans and value-seeking investors.
With a Pepe-inspired mascot at its memorial heart, the project is also developing the Ethereum Layer 2 blockchain.
The blockchain technology will be 100 times faster and much cheaper than the Ethereum mainnet. So, it’s a no-brainer for coin lovers.
Pepe Unchained also sweetens the deal by doubling the betting bonus. This is possible due to the low operating costs of the network.
Staking is live and offers 1,100% APY. However, this will decrease as the number of tokens increases.
This has caused quite a stir among industry analysts, with YouTube channel 99Bitcoins urging its 700,000-strong audience to “not miss out on these gains.”
Pepe Unchained has been a huge success thanks to a compelling use case that combines utility with viral potential. The presale is ongoing and its current price is $0.0081939.
But the price will rise during the ICO, and the next rise will happen in one day. As such, those seeking to maximize upside must act quickly.
To learn more, Visit the Pepe Unchained pre-sale site.
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