Post
Topic
Board Altcoin Discussion
Re: New coin - PEPE
by
Abiky
on 02/06/2023, 16:23:36 UTC
First of all, PEPE isn't a coin, its a token. SHIB is a token, all of the copycat garbage is also tokens.

DOGE on the other hand is a coin, because it has its own blockchain. There's a big difference here. The media and pump n dump influencers like to play down the difference, but its actually quite substantial.

It easy enough to make a token within an existing blockchain network. But making a Blockchain from scratch is another story. Scammers prefer minting their own worthless tokens, instead of making a Blockchain of their own. Why would anyone take ERC-20 tokens such as SHIBA or PEPE seriously? Dogecoin is a much better option, especially when it has its own Blockchain network. Although creators made it as a joke, DOGE has done pretty well over the years.

I don't think PEPE will become a success, simply because it's a clone of zillions of other "meme" coins on the market. All of these coins are a failed attempt to copy Dogecoin's success. If we could blame someone, that would be Elon Musk. He's the one who "pumped" DOGE in 2021 with his tweets. After that, "meme" coins began to appear out of nowhere. Who knows if PEPE's rise to glory will be shortlived? Just my thoughts Grin