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While Dogecoin might've been the market phenomenon of years past, Pepe is now stealing its thunder. PEPE has been tearing higher recently, creating new all-time highs, while DOGE lags behind. Could it soon rival Dogecoin's market cap and even overtake the king of meme coins? Read on to find out.
Pepe was undoubtedly one of the hottest trending meme coins in 2023. It built a massive following in a near instant after spiking more than 7,000% within just 17 days of its debut. While Pepe is unapologetically speculative, its cultural impact is undeniable.
Pepe's popularity saw it climb another 880% between February 21 and March 15 as part of a broader crypto bull run, peaking at $0.000009977. It quickly cooled but has since created a new all-time high, priced at $0.0001028 right now, with a market cap of $4.3 billion. While overtaking Dogecoin's $22.1 billion seems a stretch, Pepe's place in Web3 culture could see it one day surpass the OG meme coin.
Created in 2013, Dogecoin became a mainstream hit during the 2021 crypto bull run, fueled by co-signs from figures like Elon Musk. With its iconic Doge mascot, Dogecoin has cemented its place in the Web3 world and showcased the power of a dedicated community.
In March this year, Dogecoin mirrored the movements of other trending meme coins like Pepe, climbing nearly 180% from February 21 to a peak of $0.228 on March 29. However, it tumbled hard, falling to $0.12 in early May and is currently trading around $0.147. While there's potential for it to catch up with Pepe's extraordinary bullishness, there are rumors that the Raboo presale might divert some attention.
As the crypto bull run takes a breather, smart investors are shifting their focus to new, trending meme coins like Raboo. Raboo is a SocialFi pioneer, offering its growing community the chance to earn RABT tokens and exclusive rewards through regular challenges.
Raboo specifically belongs to the fast-growing AI meme coin niche. It's powered by Rabooscan, a cutting-edge social media meme scanner, which fuels competition in fun-packed meme-generating contests. Meanwhile, its Post-to-Earn platform provides a novel way for users to monetize their social media followings.
Raboo is bold, with ambitions to break into the top 20 cryptocurrencies by market cap and rival the likes of Pepe and Dogecoin. Alongside its vision of building one of Web3's largest communities, this goal has experts excited. They see the impressive $1.3 million raised during its presale—already boosting RABT's price from $0.003 to $0.0042—as signaling strong market faith in Raboo's potential. Some even think it could 100x in 2024!
Whether Pepe can eventually overtake Dogecoin and be crowned the top meme coin remains to be seen. However, Pepe's bullishness will undoubtedly inspire some investors to join the Raboo presale. With its snowballing momentum, Raboo could be well on its way to an explosion when it hits exchanges later this year. Tokens are flying off the shelves—secure an early position before it's too late.
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.
