Shiba Inu and Pepe coins are meme coins and have surged in popularity and value over the past few days. Because of the bullish push from the crypto market, many meme coins have performed very well, whereas coins like Pepe, BONK, and dogwifhat have recently created a new all-time-high value.
Many have called this the meme season, where meme coins will dominate the crypto market. In this blog, let’s look at the price performance and Shiba Inu vs Pepe Coin comparison to conclude which is the best performer at the time and worth your investment.
Shiba Inu vs Pepe Coin: Who’s The Meme King
Shiba Inu has dominated the crypto market for almost four years. Over the years, it has gained the tag of the second-biggest meme cryptocurrency. This title does help Shiba Inu get good attention from new investors while maintaining the previous ones. Despite the hype, Shiba Inu is still down for around 22 months.
After that battle of 2 years, it has lifted a little these days and is currently trading at $0.00003468 after a 270% hike in 30 days. In the last 24 hours, the price has dropped by 2.42% after a week-long hike. The same goes for the market cap, which is also at $20,476,989,528 after a dip of 2.5%.
Regardless of the price drop, Shiba Inu has maintained a hike in its trading volume. Shiba Inu’s volume is at $4,297,974,799 after a 7% jump.
Talking about Pepe Coin is a recent Shiba Inu launch. It has a record of getting to a high value and falling too early. It has recently created a new ATH record of $0.000009885 on 9 March and is currently trading at $0.000008884. The trading volume has also surged by 33.24% with a value of $3.02B.
The last ATH record was $0.00000378 on 6 May. It took almost a year to recover and cross that. With its initial jump a year ago, the Pepe Coin was still in the hype and has made an impressive comeback. Because of the experience of a major fall, the fear is high of the same to happen again this time.
Where To Invest Shiba Inu or Pepe Coin?
Being in the same meme category and a much more affordable price range. Compared to any other altcoins, Shiba Inu and Pepe Coin seem like a decent investment. These two have a history of returns along with the recent bullish nature of these crypto coins. The investors can opt for any of the coins according to their requirements. For a small period of investment, both will execute the same performance.
This conclusion does change when talking about a long-term investment plan. To conclude the Shiba Inu vs Pope Coin war, we should look into different technical aspects.
Over the years, Shiba Inu has presented a much broader growth pattern along with community trust, whereas Pepe coin’s recent introduction and weak performance limits community support. This difference can impact the performance of Pepe Coin in the long run.
Final Thoughts
With the bullish market situations, many altcoins have performed well over the dew days, and we have to see how they perform next week. This blog covered the Shiba Inu vs Pepe Coin war analysis and whether they are a good investment option. Each coin carries a different use case and functionality. The win depends on the preferences of investor and their goals. Read more about the top gainers of the week.
The post Shiba Inu vs Pepe Coin: Where Should You Invest? appeared first on CoinGape.
Earn more CFN tokens by sharing this post. Copy and paste the URL below and share to friends, when they click and visit Parrot Coin website you earn: https://cryptoforum.news0
CFN Comment Policy
Your comments MUST BE constructive with vivid and clear suggestion relating to the post.
Your comments MUST NOT be less than 5 words.
Do NOT in any way copy/duplicate or transmit another members comment and paste to earn. Members who indulge themselves copying and duplicating comments, their earnings would be wiped out totally as a warning and Account deactivated if the user continue the act.
Parrot Coin does not pay for exclamatory comments Such as hahaha, nice one, wow, congrats, lmao, lol, etc are strictly forbidden and disallowed. Kindly adhere to this rule.
Constructive REPLY to comments is allowed