The memecoin PEPE gains attention due to its similarities with Dogecoin and Elon Musk's involvement. The question is whether it can reach the same heights.
The Birth of Dogecoin
Dogecoin was created in 2013 as a joke based on the 'Doge' meme featuring a Shiba Inu. It remained a niche cryptocurrency until Elon Musk showed interest.
Elon Musk's Support
In 2021, Musk dubbed Dogecoin the 'people’s crypto', and Tesla began accepting it as payment. He might follow a similar path with PEPE, which was inspired by the 'Pepe the Frog' meme.
The Future for PEPE
Analysts compare PEPE’s rise to Dogecoin in 2021 and predict that it could also experience rapid growth, especially if it gets official backing from Elon Musk.
PEPE exhibits parallels with Dogecoin, and its future growth will depend on celebrity interest and the crypto community's trust.
