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Pepe Coin and Shiba Inu are the two most popular meme coins after Dogecoin. While both are the trending meme coins and helped early investors make considerable profits, they share several differences when it comes to their origins, market cap, use cases, and network developments.

Beginner investors who are looking to enter the bandwagon of meme coins might feel confused about whether to buy PEPE or SHIB. We will compare Pepe Coin vs Shiba Inu in the present article and find out which meme coin is worth buying in 2023. Lets start!

Being known as the most memeable meme coin, Pepe Coin has created a buzz in industry in the H1 2023. It was created in April 2023 based on the popular internet meme, Pepe the Frog. Pepe aims to capitalize on the existing popularity of the frog meme and the ongoing meme coin trend in the industry. By entering the list of top 100 cryptocurrencies in just two weeks after its launch and reaching a $1 billion market cap, Pepe Coin created a history.

Pepe Coin has a deflationary token mechanism that burns the token every time a transaction takes place, reducing the supply and increasing the value over the long run. Another attractive feature of PEPE is it has a no-tax policy and doesnt charge any transaction fees for buying and selling of PEPE tokens.

Shiba Inu meme coin was created in August 2023 as an alternative meme coin to Dogecoin. A pseudonymous creator with the name Ryoshi created Shiba Inu as an experiment in decentralized spontaneous community building. It quickly gained popularity and adoption in the crypto community. The meme coin hype as well as the endorsements of influential individuals like Elon Musk and Vitalik Buterin played a part in its growth.

Even though the Shiba Inu was created as a meme coin, it is now being expanded with multiple blockchain projects. While Shiba Swap is a decentralized exchange offering exchange services to the ecosystem, Shibarium is a layer2 network developed to increase the efficiency of SHIB transactions. The project is also developing SHIB metaverse and has multiple future plans to develop Shiba Inu ecosystem.

Before making an investment, it is important to evaluate a crypto and find out the one that is suitable to your trading requirements. When it comes to deciding whether PEPE or SHIB is worth buying, we recommend considering the following factors.

The market performance of the Pepe Coin has created a history in the early days of its launch. Even without conducting airdrops, presales, or ICOs, the token gained extreme popularity and adoption in crypto. After launching on April 17 and trading between $0.00000002764 and $0.00000007957, PEPE reached an all-time high of $0.000004354 in May 2023. It is the quickest cryptocurrency to reach a $1 billion market cap in the crypto industry. However, the token has been on the downtrend since then and recently showing signs of uptrend, at the time of writing.

Coming to Shiba Inu, it has also performed well in 2020 after its launch. It has a starting price of $0.000000000056 and reached an all-time high value of $0.00008845 in October 2021. Early investors who bought SHIB tokens in 2020 have made substantial gains in 2021. It even entered the list of top 20 cryptocurrencies, after reaching a $52.1 billion market cap. However, its price has also been trading sideways since then.

Pepe coin was created just for entertainment purposes and has no roadmap or future plans. However, when it comes to Shiba Inu, it has a clear roadmap and the team is working relentlessly to expand the project, making it more than a mere meme coin. If we consider network developments, Shiba Inu is a promising investment with good future growth potential.

Pepe Coin was created purely for entertainment purposes and has no inherent value. However, it has several features that make it worth investing in PEPE such as its deflationary token mechanism and no-tax policy. While the deflationary mechanism burns PEPE tokens for every transaction, its redistribution system gives back 1% of the transaction to investors. Its no-tax policy, i.e., transaction fees is also a noteworthy feature.

On the other hand, Shiba Inu is an ambitious project and has several use cases. It acts a native cryptocurrency for its layer2 network Shibarium and decentralized exchange ShibaSwap. For activities like staking, liquidity providing, and yield farming, users can rely on SHIB along with other tokens such as BONE and LEASH. With future developments like SHIB metaverse, the tokens will find more and more applications in the virtual world as a native currency.

Both Pepe Coin and Shiba Inu are good investments, if you are considering to buy meme coins. However, if network developments and utility of the project is your priority, Shiba Inu is a suitable investment for you. In case, taking advantage of meme coin hype without paying any transaction fee and benefiting from its deflationary nature, then Pepe Coin is a suitable investment for you.

No matter whether you invest in PEPE or SHIB, do not forget to do your own research and understand the risks involved!

Read more:

Pepe Coin vs Shiba Inu: Which Meme Coin is Worth Buying? - CoinGape