The cryptocurrency industry is always changing, with new tokens and coins frequently hitting the market. Recent attention has been drawn to two such coins: Pepe Coin (PEPE) and Shiba Inu (SHIB).
In order to better comprehend the similarities, distinctions, and characteristics that separate Shiba Inu and Pepe Coin, we’ll examine both in more detail in this article. Both currencies have distinctive features and communities.
Shiba Inu (SHIB): Known as the “Dogecoin killer,” Shiba Inu took inspiration from the well-known Dogecoin and uses the Shiba Inu dog breed as its symbol. Its meme-inspired design attracted a lot of attention and made it quite popular in the cryptocurrency sector.
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Tokenomics: SHIB is an ERC-20 token that runs on the Ethereum network. One quadrillion SHIB tokens are in circulation, which contributes to its huge total supply and unique tokenomics. A common explanation for how this huge supply may affect price stability is this.
Community: SHIB’s whimsical branding and meme culture have attracted a fervent and vibrant group of admirers. Numerous projects, such as the creation of decentralised exchanges and NFT platforms connected to the SHIB ecosystem, have been sparked by this vibrant community.
Utility: Although SHIB’s creators originally intended the project to be enjoyable and experimental, they have now included more tokens, such Leash (LEASH) and Bone (BONE), each of which has a distinct function inside the SHIB ecosystem. For example, BONE is utilised for staking and governance.
Which Memecoin Is Better for You, Pepe Coin or Shiba Inu?,Which Memecoin Is Better for You, Pepe Coin or Shiba Inu?
Pepe Coin (PEPE): In contrast, Pepe Coin draws inspiration from the online meme figure known as “Pepe the Frog.” Due to its widespread usage on social media and the internet, many people are familiar with and can relate to this character as a symbol.
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Tokenomics: One example of a BEP-20 token is PEPE, which runs on the Binance Smart Chain (BSC). With only 30 million PEPE tokens in circulation, it has a far smaller total supply than SHIB.
Community: The vibrant and inventive PEPE community values meme culture and the enduring Pepe persona. This community has produced NFTs with a Pepe theme among other artistic and creative endeavours.
Utility: The creation of the “Pepe Farm” ecosystem, which consists of components like yield farming, staking, and NFTs, has been linked to PEPE. The project’s goal is to give users inside the Pepe Coin ecosystem an enjoyable and engaging experience.
Principal Difference
Blockchain: PEPE is based on the Binance Smart Chain (BSC), whereas SHIB is based on the Ethereum blockchain. The interoperability with other decentralised apps, scalability, and transaction costs can all be impacted by this disparity in underlying technology.
Supply: The overall supply of SHIB is significantly higher than that of PEPE, which may have an impact on price dynamics and token economics. A larger supply might lead to a decline in the value of each token.
Ecosystem: Both coins have added more tokens and ecosystems to their projects, but these ecosystems’ precise purposes and objectives are different. SHIB is linked to the tokens BONE and LEASH, whilst PEPE has its own ecosystem called Pepe Farm.
Culture of the Community: The meme cultures that surround SHIB and PEPE have an impact on the tenor and manner of communication in these communities.
Which Memecoin Is Better for You, Pepe Coin or Shiba Inu?,Which Memecoin Is Better for You, Pepe Coin or Shiba Inu?Which Memecoin Is Better for You, Pepe Coin or Shiba Inu?