Dogecoin, once the leading memecoin, shows signs of weakness despite recent gains. Meanwhile, the new token Pepeto is rapidly gaining popularity.
State of Dogecoin
Dogecoin has seen a modest recovery, trading at $0.2121 after bouncing from a low of $0.1880. Although the token reached highs near $0.2205, it faces resistance. Analysts note a weakening support around $0.20, a breakthrough of which could lead to a correction.
Potential of Pepeto Token
New token Pepeto introduces functional value to the memecoin market. Its ecosystem offers significant staking rewards, making it attractive to investors. 31 trillion tokens have already been staked, with an expected yield of approximately 269% annually.
Comparison of Dogecoin and Pepeto
While Dogecoin has a significant community and history, Pepeto demonstrates higher performance in terms of technical execution and investor incentives. It provides real yields through staking and is prepared for exchange listings.
Dogecoin continues to struggle for support at $0.20, while Pepeto attracts investor attention through its utility-driven ecosystem. This could signify the beginning of a new era for memecoins.
