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Will Shiba Inu (SHIB) Dogecoin (DOGE) and PEPE (PEPE) be overtaken by newcomer Pushd (PUSHD)

Press Releases Crypto News CryptoDaily UK Will Shiba Inu (SHIB) Dogecoin (DOGE) and PEPE (PEPE) be overtaken by newcomer Pushd (PUSHD)

Shiba Inu (SHIB), Dogecoin (DOGE), and PEPE (PEPE) were among the leading gainers in the meme coin sector last year. However, what are the prospects of each meme coin entering 2024? According to crypto analysts, these large-cap meme coins might be overtaken by more exciting newcomers to the crypto world. One of these is Pushd (PUSHD), a decentralized marketplace protocol currently in its presale phase. Here’s why (PUSHD) might outperform Shiba Inu, PEPE, and Dogecoin in 2024.

Shiba Inu (SHIB) Gaining on Dogecoin (DOGE) Entering 2024

Dogecoin (DOGE) has largely underperformed in 2024. Meanwhile, the growth of Shiba Inu(SHIB) in 2023 has been driven by its pivot to creating a decentralized ecosystem around its meme coin. Whereas very little has changed about Dogecoin since it was launched, Shiba Inunow boasts a decentralized exchange, Layer-2 scalability solution, and a metaverse of its own. Among the other factors leading to Shiba Inu gaining ground on Dogecoin in 2023 was its increasing burn rate and whale activity taking advantage of SHIB’s liquidity and lower market capitalization.

Dogecoin, meanwhile, has remained stagnant to start 2024, with very little in comparison to show for in gains during the last quarter of 2023. Shiba Inu’s efforts to distinguish itself from Dogecoin by combining meme coin appeal with useful applications makes SHIB an attractive investment for meme coin fans and long-term investors alike.

PEPE (PEPE) Loses Steam

PEPE (PEPE) was one of the biggest gainers of 2023. Notably, PEPE surged to a $1 billion market capitalization several weeks after it launched, proving that meme coins still retain their appeal and potential to deliver life-changing gains. However, PEPE prices have dipped by

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Author: Crypto Daily

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