Pepe vs. Doge: How memecoins performed first time hitting $1B market cap
Memes, internet jokes, and popular culture references have become an integral part of online communities. Because of this, cryptocurrencies inevitably gave birth to a new wave of assets called "memecoins." While some argue that these coins are just a fad, others might also believe in their potential to bring financial gain to their investors.
One of the most popular memecoins that was recently launched is a frog-themed token called PEPE. The token has gained traction amid the bear market and garnered a lot of support from various members of the community despite its official website saying “the coin is completely useless and for entertainment purposes only.”
According to its creators, PEPE is on a mission to “make memecoins great again” a play on former United States president Donald Trump’s political slogan, make America great again. The project also expressed its intent to surpass dog-inspired meme coins that “already have had their day” and have Pepe, which they argue to be the most recognizable meme in the world, take its place as the “king of memes.”
As it makes its way to the top, PEPE has to surpass the current king that sits on top of the charts for memecoins–Dogecoin. In a Cointelegraph Twitter poll back on April 25, DOGE still remained on top when Twitter was asked what they think will have the biggest market capitalization in 2025. However, PEPE came in close and claimed second place.
$PEPE community preparing for Twitter polls: pic.twitter.com/SeTRgAdf5s
PEPE and Dogecoin (DOGE) have their similarities and will inevitably perform differently from each other. Both crypto tokens gained a significant following and were created for a similar reason which is entertainment. However, the difference lies in their
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