Pepecoin’s recent 100% rally has raised questions about whether it could become a serious competitor to Dogecoin in the memecoin sector. While Dogecoin has dominated the memecoin space for years, many copycats have challenged its position only to fade away eventually. However, Pepecoin, a frog-themed ERC-20 token on Ethereum, has made it to the top 100 coins by market capitalization and is now being considered a potential challenger to Dogecoin.
While Pepecoin has certain advantages over Dogecoin, including residing natively on Ethereum and having a fixed supply, it still has a long way to go before becoming a mainstream memecoin like Dogecoin. Dogecoin enjoys a first-mover advantage and network-effort dominance, having been around for over eight years, while Pepecoin is only a couple of months old.
Nonetheless, the potential listing of Pepecoin on U.S.-based exchanges like Coinbase could likely improve its trading volumes over time. However, readers are reminded that every investment and trading move involves risk, and they should conduct their own research when making a decision. This article is for general information purposes and is not intended to be taken as legal or investment advice.