PEPE token, inspired by a famous frog meme, is contesting for a spot against some of the big names. This includes the likes of SHIB and DOGE. This is based on the fundamental figures of monthly returns. PEPE coin generated most of the returns for its holders every month and for the entire year.
Monthly returns were 32.72%, translating to a yearly return of 2340.11%. Shiba Inu and Dogecoin geared up a monthly return of 8.19% and 9.37%, respectively. The same tokens gathered a yearly return of -22.74% and 5.36% in the same order.
However, PEPE does face some criticism in its endeavor to surpass others in the market. This pertains to the inability to extend a specific segment on the Internet. PEPE is identified as a niche among a select community. There is a dire need for the token to expand its recognition beyond its boundaries, boost its adoption, and leverage cultural capital. It further needs to translate into sustained growth.
PEPE is currently trading at $0.000001393, with a surge of 4.18% in the last 24 hours. It reflects a rise of 2350.33% in the last 12 months. PEPE crypto price prediction estimates that the token can grow more to touch the milestone of $0.00000176 by the end of 2024. Alternatively, it could be the year at $0.00000165. Both values would be acceptable, for they signal a bullish run from the point where the meme token stands right now.
Its growth rate over 7 and 30 days is 12.71% and 34.37%, respectively. Shiba Inu is heavily backed by the Shiba Army, along with the marketing campaigns, which are often defined as being too aggressive. What further helps Shiba Inu gain an edge are its NFT venture, ShiaSwap, and steps in DeFi growth.
SHIB is slightly up by 0.01% in the last 24 hours, exchanging hands at $0.000009629 at the time of drafting this article. It marks a fall of 2.37% in the previous 7 days and a rise of 6.80% in the last 30 days. A year-to-date comparison brings a downfall of 22.58% for SHIB and Shiba Army.
Dogecoin brings robust ERC-20 blockchain technology to stand out in the market. Its core focus is on sustainable growth and a strong community. DOGE’s roadmap is loaded with advancements like influencer engagement, increasing visibility, and NFT launches, to mention a few.
Currently listed at $0.08563 with a slip of 0.465 in the last 24 hours, DOGE is poised to achieve the milestone of $1 earlier than PEPE and SHIB.
PEPE still hangs on the thread, with the potential to tap the market beyond its traditional boundaries. It does lack the ability to appeal to a new section; however, rectifying that is the only way for the frog-based meme token to rise in the market.
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