Shiba Inu (SHIB) and Dogecoin (DOGE) are currently experiencing short-term rallies, yet newer meme coins with stronger utility models may pose a threat to them.
Overview of Shiba Inu and Dogecoin’s Growth
This month, Dogecoin (DOGE) has surged over 17% due to whale purchases exceeding 1 billion DOGE and speculation about potential ETF approval. Meanwhile, Shiba Inu (SHIB) has jumped 4.4% in the last 24 hours due to a significant 48,000% spike in its burn rate and a bullish double-bottom chart pattern targeting $0.0000254.
Investor Interest in Pepe Dollar
Despite the positive news for SHIB and DOGE, large-wallet holders are starting to allocate capital into a new project, Pepe Dollar (PEPD), which combines meme branding with functional blockchain integration. Pepe Dollar features an Ethereum-based ecosystem with NFT staking mechanics and parodies the actions of the U.S. Federal Reserve.
The Future of Meme Coins Amid New Competition
Pepe Dollar (PEPD) presents unique opportunities by merging speculative elements with functionality. If the project can deliver on its roadmap, it may signal significant changes in the meme coin market, with traditional projects like SHIB and DOGE potentially losing market share.
While Shiba Inu and Dogecoin are not going away abruptly, the meme coin market continues to evolve. New projects like Pepe Dollar are capable of attracting capital and creating more resilient demand.
