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 over 70% since hitting its all-time high during the height of PEPE’s fame last summer. A lack of follow-through has led to a drop in investor interest, with more interesting projects and new meme coins constantly emerging to attract investor liquidity. Moreover, the fear of getting dumped on has dampened the demand for PEPE.
Pushd (PUSHD) Well-Positioned to Overtake Shiba Inu and PEPE in 2024
Pushd has been recognized by several top crypto analysts as a candidate to outperform big-cap meme coins. Pushd has sold over 35% of its stage 1 presale token allocation within 24 hours, andgenerated over 3,000 registrations 48 hours after announcing its launch. Prospective investors are lining up for the project’s (PUSHD) token, which will underpin the Pushd decentralized marketplace ecosystem. Pushd plans to create a pioneering decentralized online marketplace designed with the full-featured robustness of Amazon and Ebay powered by Web3 technology.
The decentralized ecommerce platform charges no listing fees, offers more privacy with no KYC requirements, and is driven by instant blockchain-based transactions. (PUSHD) holders will be able to extract more value by earning a revenue share from platform fees on the Pushdmarketplace. The project’s low market cap, unique value proposition, and infinitely higher price ceiling than Dogecoin and PEPE in 2024 make it a top investment opportunity ahead of the next bull run.
For more information about the Pushd (PUSHD) Presale, visit their website.
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Source: https://cryptodaily.co.uk/2024/01/will-shiba-inu-shib-dogecoin-doge-and-pepe-pepe-be-overtaken-by-newcomer-pushd-pushd