It seems crazy to think that Pepe Coin (PEPE) coin isn’t even 6 months into its existence as a cryptocurrency yet. It feels like it has been around forever. That is likely because it gets so much coverage in the crypto media, on social media, and anywhere else you can consume crypto content. Everyone wants to talk about PEPE.
Unfortunately, that is not reflected in the price, and it hasn’t been for some time now. Last week Pepe Coin’s price responded to the bearish market conditions setting in by plummeting which caps off a rough period for the meme coin.
Experts it seems have already moved on and it doesn’t help Pepe Coin that we are living through a golden age of meme coins which was ironically sparked by its own come-up. Sonik Coin (SONIK) and Shiba Saga (SHIA) are two meme coins getting a lot of the headlines lately.
Let’s see if they have what it takes to fill the gap left behind by Pepe Coin.
Sonik Coin- Hopes to be fastest crypto to a $100 million market cap
Sonik Coin (SONIK) is fast by name and it hopes by nature too. The meme coin is inspired by the hugely successful SEGA character Sonik the Hedgehog, but it is definitely not a copy. Although SONIK is just as fast physically I am afraid he may be a little slower mentally. Luckily that won’t affect how fast the project wants to pump. They have ambitious plans to be the fastest crypto to a $100 million market cap.
It feels like a lot but we think they can do it thanks to the combination of fun and utility. The Sonik artwork and meme is inspired by PEPE but unlike its predecessor it is an original meme and the artwork on the site shows this. We think investors that prefer the fun side of meme coins will live this.
Then we have the utility. A huge 40% of the total allocation of coins have been dedicated to staking and investors have already been able to start the process. Over 240 million SONIK tokens have been staked yet the APY is still as high as 98% showing the returns that are on offer.
This staking will also add much needed stability given the current market and the high APY means investors are much likely to hold on to their tokens which should help it pump. If we have to choose between the SHIA and SONIK it has to be SONIK.
Crypto YouTuber Jacob Crypto Bury seems to agree with our take as he believes Sonik Coin can see big gains once it hits its listings and has purchased $1,000 worth of Sonik Coin himself. His review also quotes the Techopedia Sonik Coin price prediction where they estimate big gains by the end of the year and all the way to 2025 and beyond.
Shiba Saga- Has declared all-out war on Pepe Coin
The meme coin game can be fierce and if you are at the top others are going to take shots at you. Unfortunately, if you are Pepe Coin and you are failing they are going to take even more shots at you. This is the exact tactic that the Shiba Saga (SHIA) Twitter account is taking right now. Just look at one example of some of the memes they have been posting.
Dogs over Frogs Every Fucking Day!
— Shiba Saga (@Shibasagaio) September 1, 2023
Shots fired. But who is behind this new meme coin that is coming in all guns blazing? Well, there is a very interesting answer to that too. Former CEO of massive esports team G2 Esports Carlos Rodriguez resigned in controversy from his position last year after a video of him partying with Andrew Tate emerged.
Since then he has promised that he will go from canceled to billionaire and Shiba Saga is how he thinks he will do it. So, let’s get to the coin. It debuted at number one on DEXTools as it immediately started trending 24 hours after its launch. The coins project stresses utility as the slogan goes ‘Where meme meets utility’.
It is still flying a little under the radar but is starting to be picked up by some crypto experts on YouTube. The Crypto Dose channel for example did an extensive review on the coin and he thinks ‘We’re going to see a massive massive pump this week’
We think however the coin was launched a little hurriedly as it seems a lot of what it promises will not be available for some time yet. That hasn’t stopped the coin from pumping though as after its initial launch things took off. However, since then the price has come back down to earth as you can see from the below chart.
It looks like they have big plans with VR and a ShiaVerse as well as a Play2Earn section full of remastered games. This will be great but for investors now it isn’t much good. They want concrete foundations, not just hope for the future.
This is why Sonik Coin (SONIC) seems to be the better choice of meme coin right now. Not only is it a meme that investors will love but it has great utility as well.
Is this the end of Pepe Coin?
We have talked so far in this piece as if Pepe Coin (PEPE) is done, but is there some hope? The above shows the 7-day performance chart for the meme coin and of course it isn’t great. However that little recovery at the end could be a spark of hope.
Although it has been falling PEPEis still in the top 100 cryptocurrency rankings with a market cap of over $340 million. So, although things have been going poorly for the meme coin the foundation is still there for a comeback.
We are not saying go all in on PEPE but considering the current market conditions it could be one to have in the back of your mind for when things start looking a little more bullish.
The three meme coins we have looked at above are all in different places at the moment. Pepe Coin looks to be on its way down and although there is still hope it’s best to avoid it at the moment. Shiba Saga on the other hand is trending online but is not the complete package yet. This leaves Sonik Coin which is the best option of the three now. Its presale is still ongoing but it looks set to pump once listings begin.