Pepe prepares to surpass Shiba Inu in the cryptocurrency market this year

Pepe aims to surpass Shiba Inu in 2024, with Pepe Unchained, a new contender, raising $1.5 million in pre-sales.

It’s been a massive year for Pepe while Shiba Inu has largely struggled, and now investors want to know if it will be able to flip SHIB in 2024. Only a 2x price increase is required. Is this something we’ll see this year?

Traders lean towards the Frog

A memetic showdown is heating up in the ethereum ecosystem, and Pepe and Shiba Inu are the protagonists. While both projects have been in the green over the last year, the market has favored Pepe.

The price chart below shows the trajectory of Pepe (blue) and Shiba Inu (orange) over the last year.

It's a clear win for Pepe. Its price has risen 650% in the past year, while Shiba Inu's has risen 125%. But does that tell the whole story, or does SHIB have a chance of catching up?

There are certainly reasons for SHIB to have an edge over Pepe this year. For example, while Pepe is mostly driven by hype and speculation, SHIB has real utility.

Between its layer-2 blockchain, metaverse, nfts, decentralized exchange, and staking, there are many innovations that could drive demand.

On the other hand, Pepe is focused on “pure” memetics. Its infamous mascot Pepe the Frog has proven to be a fan favorite, attracting $4.9 billion in liquidity for the project.

And analysts certainly favor Pepe, with Dolph noting that Pepe's trading volume regularly eclipses that of Dogecoin and Shiba Inu.

It is also worth considering that Pepe has not yet been listed on Coinbase, while Shiba Inu has. If Pepe manages to get listed on Coinbase, this could skyrocket his trading volume (and potentially his price).

Meanwhile, analyst Daze x.com/dazemaxi/status/1807635804795142406″ target=”_blank” rel=””>suggests that Pepe's next upside could allow him to turn SHIB around. But that ultimately depends on whether the market favors Pepe's memetics or Shiba Inu's utility.

It's a tough call, but investors can be pleased to know that an alternative encapsulates the best of both worlds.

It's called Pepe Unchained and it's the first Pepe-themed crypto to have its own blockchain. Let's take a closer look.

Pepe Unchained Raises $1.5 Million in Pre-Sale

Pepe Unchained is wasting no time in its market debut. It has raised over $1.5 million in its first two weeks of pre-sale, reflecting an insatiable interest from memecoin fans and value-seeking investors.

With a Pepe-inspired mascot at its memetic heart, the project is also developing a layer 2 ethereum blockchain.

The blockchain will be 100 times faster and much cheaper than the ethereum mainnet. So it's a no-brainer for meme coin fans.

Additionally, Pepe Unchained is sweetening the deal with double staking rewards. This is made possible by the network’s lower operating costs.

The bet is active and offers an APY of 1100%. However, this will decrease as more tokens are staked.

There has been a stir among industry analysts, with YouTube channel 99Bitcoins urging its 700,000 audience to “not miss out on these gains.”

Pepe Unchained is off to a good start with an attractive use case that combines utility and viral potential. Pre-sale is ongoing and is currently priced at $0.0081939.

But the price will increase throughout the ICO and the next rally will occur within a day. Therefore, those seeking the greatest benefit should act quickly.

Learn more, Visit Pepe Unchained's pre-sale.