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Memetic (MEME): PepeCoin VS Dogecoin (DOGE)
Memetic, also known as MEME or even PepeCoin, inspired by and based on a favorite meme character Pepe, the Frog that has been ravaging the internet for quite a while with its dry but relatable humor. The digital currency is alive and running even in 2018, which is the case with many different digital coins, especially after the December massive increases that introduced us to the new year. But being one of the meme coins, with “competition” in form of Dogecoin, which is another meme inspired cryptocurrency, where does PepeCoin, or MEME, stand?
Meme Coins
Besides from Pepe Coin, there is another well known, familiar and loved digital coin inspired by a favorite meme – Dogecoin. Dogecoin is inspired by a well-known doge meme that “crashed” the internet numerous times and as same as with the meme and its likability. Many people own this coin and are investing in Dogecoin only because of the likability of this meme, having DOGE being a mascot placed on Dogecoin. The same status was given to Pepe the Frog launching Memetic, but when comparing these two memes inspired coins, which of the two would come out as a winner?
Features
To be able to come close to the answer to our question, the first thing to do is to reflect on the way these two coins are using and operating available features set by creators and developers. The primary difference between the two coins would be the strength of communities supporting these two currencies. While PepeCoin creators are focused on presenting the way their currency works in practice, offering proof of stake and evidence of work method combined into making a hybrid cryptocurrency that would improve user experience, Dogecoin relies on the fact that there is a wide, and more importantly strong, community that supports Dogecoin.
It seems that community set behind Dogecoin has so much trust in functionality and value of this coin that some people were even trying to sell their properties in exchange for Dogecoins. The strength of Doge community also lies in mutual support as these doge fans organized crowdfunding through this platform and by using Dogecoin more than several times; that is how Dogecoin collected charity in total of 30.000$ for sending Jamaican Bobsled team to winter Olympics back in 2014 – and the entire Doge community was there to support that charity event. Doge community then organized several more fundraisers where they collected money for building a well in Kenya as well as sponsoring NASCAR’s driver Josh Wise.
Judging by everything, it seems that strength of Dogecoin lies in its community and the way Dogecoin users are involved with supporting different causes and collecting money for charity. Easy blockchain based transactions are at the end what makes the Dogecoin spinning.
As far as Memetic features concerned, Memetic has come to a very advanced level of how any user can access their wallet. MEME creators have made a proper protocol that allows you to gain access to your wallet without using backup for your wallet related files, so all your passwords and private keys are available in any browser and made to be on-the-fly. That said, MEME is pretty focused on creating a user-friendly environment, also stressing out the fact that MEME is an open source application that can allow its users to even run a personal server with their private Wallet used for keeping PepeCoin tokens, otherwise known as MEME coins. So, while Dogecoin takes pride in its community and support of Dogecoin users, MEME is digging its way up by using hybrid blockchain technology that focuses on creating a user-friendly environment that makes transactions and keeping personal records easier than ever.
Price and Statistics
The way things are at this very moment, at the beginning of the second week of 2018, Dogecoin is holding the lead when it comes to increases. While Dogecoin experienced increased price for a bit over 6%, Pepe coin had a slight decrease that didn’t go over -2%.
When reflecting on the value per one coin translated to USD, Dogecoin has a price of 0.013$ while Pepe Coin is standing at 0.98$ per one unit which is getting closer to having a value of 1$ per one coin. When you take a look at the price, Pepe Coin looks more promising. But, when you take a look at the total market MEME has a bit over 18 million dollars market cap, while Dogecoin is over 1 billion dollars heavier. That might be the reason why MEME is ranked at 435th place, while Dogecoin is keeping a “humble” 35th spot on the digital coin ranking list.
This makes up for having Dogecoin at a lower price per one unit which makes this currency currently more benevolent for investing than having your money invested in PepeCoin. But, to believe that 2018 is the year digital coins will go “to the moon,” PepeCoin is anything but lost, and it will undoubtedly continue to exist with potential room for growth, both in expanding supporting community and having its price additionally increased.
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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Please conduct your own thorough research before investing in any cryptocurrency.
Image courtesy of coinmarketcap.com