- PEPE’s growth has been impressive, however, its market cap is far below that of DOGE.
- DOGE was overbought but the coin’s retracement may not result in a sharp drop in price.
- PEPE’s momentum was bullish and had a similar EMA trend to that of DOGE.
In the realm of meme coins, a new rivalry is emerging between Dogecoin (DOGE) and Pepe (PEPE), the new token that has spread like wildfire in the market.
While PEPE started trading in April 2023, DOGE has been in existence since 2013. DOGE was created during the period when cryptocurrencies struggled with adoption. However, it wasn’t until the 2021 bull market that the coin gained massive attention as the price skyrocketed. Around this time, several market participants made profits, and Elon Musk repeatedly shilled the coin to the crypto community.
PEPE’s rise was, however, different from that of DOGE. While DOGE’s exponential growth happened during a full-blown bull market, the frog-themed token gained ground when the broader market direction was largely uncertain.
DOGE’s Market Cap Tops PEPE
Irrespective of DOGE’s performance, PEPE’s growth has been faster in terms of market capitalizatio…
The post DOGE vs. PEPE: Who Will Outshine the Other in the Next Cycle? appeared first on Coin Edition.
The post DOGE vs. PEPE: Who Will Outshine the Other in the Next Cycle? appeared first on Coin Edition.