After really sitting down and looking at the hype for Doge I was curious if there were other memecoins, and I found PepeCoin. I'm excited to show you guys this info and compare DogeCoin to PepeCoin and prove that PepeCoin is currently superior. This is not financial advice, I am a squirrel breeder.
To begin, we all know how inflated Doge is. With a circulating supply of over 128 billion coins, it would take a market cap of 128 billion to reach a dollar. However the circulating supply is ever increasing. As of right now, the 24H volume for doge is $4.1 million. The current market cap is $9 million. Doge is sitting at an impressive $0.07 right now.
Technically speaking, Doge can hit one dollar but I don't think the general population really understands what it will take with the current status of Doge to actually make it to a dollar. If the people want a memecoin to hit a dollar, why choose such a difficult one to use? Hate hearing people say “it's going to be $10.” DogeCoin’s market cap would have to be $1.28 trillion (that's a lot in case you forgot). IMO that's just too big for such a coin. Would take years if not decades, but i digress.
Looking into PepeCoin on the other hand seems promising. Memetic’s PepeCoin is at a current $25k volume with a $1 million market cap. Total supply is 30.2 million. Pretty good compared to doge if you ask me.
For Doge to hit the same $0.04, there was $13.9 in volume with a market cap of $5.2 billion.
Trying to get doge to a dollar is like trying to fill a swimming pool with sand one grain at a time. Getting PepeCoin to a dollar would be effortless in comparison.
If the masses or even a fraction of the Doge community realize how unlikely and difficult it is for them to achieve their goal, some will try to run to another coin. And we saw that when PepeCoin spiked a little over a week ago.
Pepe can work the same way as Doge, as far as having a following goes. It's a meme, just like Doge. It has the trend potential. With Pepe, shibes and the like have something to look forward to today. What is a better embodiment for something wild to occur other than Pepe the fucking frog? Pepe the Frog Meme is just as well known as Doge, arguably even more so. Pepe has gone viral before and it can do it again. It would be so easy for us to buy and hold Pepecoin while and even buying and holding Doge if you are into that. Because Pepe is so much smaller it takes a lot less effort to bring it up.
However, two Problems await ahead:
The biggest problem that is holding back PepeCoin is that it's limited to (1) only a couple of exchanges. One of them being Bittrex (pretty sure it's the only one). People will struggle to convert from places like RH to exchanges like Bittrex which worries me but if Doge and Pokemon Go taught me anything, it's to not underestimate the collective positive mind of earth. (if you are new and move from RH to a crypto exchange, please read up on how to keep yourself secure. There are plenty of tutorials on youtube for this.) Another issue is that you cannot buy Pepe with cash or other AltCoins. (as of right now). On Bittrex, (2) you can only use Bitcoin to purchase Pepe, not a huge hindrance, it just creates an extra step.
I don’t think these problems are hard to navigate around. We all watched thousands of people that never used reddit make an account just to join r/Dogecoin. We watched millions of people who never traded crypto before, make a Binance account or join RobinHood. We watched a trend grow so popular it was being mentioned on television and endorsed by A-List celebrities and praised by Elongated Muskrat. We truly do hold the power in our own hands.
More info:
Pepe is the base for the platform Kekdaq.
Subreddit: r/pepecoin
I want random people like you to be able to pay for school, buy a car, afford hospital bills, pay off debt, get braces, travel, order that bride or whatever the fuck you have been longing for in life that has been hindered by money, I want you to be able to have that opportunity in this lifetime. We are all here early enough to see life changing money happen. I want this to be known to people so we can make this happen for real.
Doge to the moon you say? How about Pepe to Andromeda? Will there ever be a better time?
Let’s not pump and dump it but rather buy and hold just like most are doing with Doge.
“Give us control of a nation's memes and we care not who makes the laws.” - Pepe The Frog
Godspeed my fellow internet goers. Again, this is not financial advice, I am a squirrel breeder.
PEPE - PEOPLE EMBRACING PEACE
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