- Dogwifhat made a very strong debut last month in the meme coin market.
- Pepe is struggling to maintain its value as it has seen a decline of 33% in the past month.
- Dogwifhat is on the right track to overtake Pepe as one of the most influential meme coins in the market.
Investors are really excited with new meme coins entering the crypto market. One question that’s on everyone’s mind is whether the newly launched Dogwifhat can surpass the dominance of Pepe?
Both of them are competing in the same category of Hype-driven coin offerings where the user community matters the most. Although Dogwifhat has a unique combination of meme culture and blockchain, it is still in the process of building the required crypto market cap for further growth.
On the other hand, Pepe has already grabbed its market share by using a deflationary model that drives up its value over time. Pepe also has an edge because it’s created on the popular Ethereum blockchain.
Now let’s find out what are the merits of Dogwifhat and will it be able to file Pepe this year.
A Closer Look at the Market Performance of Dogwifhat
It has emerged as one of the fastest growing meme coins inspired by a dog that wears a hat. It was launched on 14 Dec 2023 as part of Christmas airdrop and has seen a double digit growth. It is considered as a good crypto to buy because the parent blockchain is Solana. It is popular for the market performance where it gave over 50% returns in very less time. Not only this, but it also has a very large social media followers for community engagement. It’s the best crypto for beginners who are looking to enter the market this year.
The current price of this meme coin is $0.2298 which is a very reasonable price in today’s competitive market. The daily trading volume is also surging that shows active participation from the investors. It has an all time high value of $0.4814 which came on 18 Jan 2024 giving a boost to those who invested in this meme coin earlier. When it comes to the total coins in circulation, the value is nearly 999 million coins. So, the coins are widely distributed in the market that shows it is one of the community-driven memecoins.
Dogwifhat is listed on all major crypto exchanges such as Bitget, Bybit, Binance, etc. This shows that it is a legitimate altcoin which has been well-received in the crypto ecosystem. The governance tokens are fully diluted among investors so that there is 100% transparency. So, if you are looking for a top altcoin to invest in, Dogwifhat is worth considering.
How Pepe Has Progressed So Far
Pepe is one of the largest meme coins in the world that has been built on the frog meme. It came into the market in April 2023 and has been looking unstoppable since then. It has seen a good response from eager investors because of the iconic status of its meme. It has very ambitious goals and the team is constantly working to achieve the roadmap.
The current price of $0.00000092 makes it very affordable to anyone who wants to try their hands in the meme market. However, one must note that it has dropped by 33% in the last one month because the strategy to introduce more coins backfired. It has a total maximum supply of 420 trillion coins. So, it’s only fruitful for those who can put their money aside for a long time.
It has a presence on crypto exchanges like Binance and Uniswap which is available for all users. This offers an opportunity for investors who are looking for the crypto to buy for long-term goals.
Meanwhile, those who are interested in meme coins also have another option to invest in emerging altcoin called NuggetRush (NUGX). It is a Play-to-Earn crypto coin which has received an overwhelming response in the ongoing presale that has raised more than $2 million so far. It offers real-world utilities like P2E gaming, NFT staking, DAOs for Memecoin Governance, and zero-tax policy to investors. It is one of the top 10 altcoins currently and is looking very solid for more growth.
Overall it looks like that Dogwifhat is on the right track to become one of the biggest meme coins over time. The current coin price and the developments shows that it is going to flip Pepe within the next couple of years. Things can change very quickly in the crypto world, so timing is very important for making any investment. This month is full of opportunities and you can put your money in top coins like NuggetRush and Dogwifhat.