Memecoins use aspects of popularity and meme culture as the foundation of decentralized digital assets. There are now hundreds, if not thousands, of memecoins, with Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE) being some of the most popular examples.
Yet, many investors are starting to jump ship to Pushd (PUSHD), a new crypto project that is reforming online marketplaces with blockchain technology. Here’s why.
The fun times may be over for Dogecoin (DOGE)
Hailed as the “fun” version of Bitcoin, decentralized peer-to-peer digital currency Dogecoin (DOGE) hit an all-time high of $0.73 in May 2021, and has a market cap of over $11 billion.
However, things haven’t been looking as good for Dogecoin (DOGE) investors in the last month, with the token down by 23% in that period. Across 7-day charts, Dogecoin (DOGE) has dropped by 13%, with a 3% depreciation in the last 24 hours. Based on current trends, Dogecoin (DOGE) may become even less valuable in the coming weeks.
Shiba Inu (SHIB) in 30-day Slump
The Ethereum-based memecoin, with the same Japanese breed of dog as Dogecoin (DOGE) as its mascot, was launched in August 2020. Popular in its own right, it has a strong community (which calls itself the ShibArmy) and a market cap of nearly $6 billion.
Shiba Inu (SHIB) has enjoyed moderate success over the years, but its recent performance leaves investors worried. It has decreased by 12% on 30-day charts and 13% on 7-day charts. A further drop of over 4% in the last 24 hours adds to concerns that it may be time to move on from Shiba Inu (SHIB) and its beloved cheerful mascot.
Pepe (PEPE) Hops Slowly
Embracing the popular green toad/frog as its mascot, Pepe (PEPE) is a memecoin project built on the Ethereum (ETH) blockchain. Its impressive entrance into the industry saw it hit $1 Billion in market capitalization just three weeks after launch.
In three-month charts, Pepe (PEPE) performed well, rising by 62%. However, by comparison, it has reduced by 35% in 30-day charts, nearly 17% in 7-day charts, and 5% in the last day. As the price continues to fall, Pepe (PEPE) investors seek other investment opportunities.
Pushd (PUSHD) Is No Joke
Pushd is a decentralized peer-to-peer marketplace. It uses blockchain technology to change how online marketplaces work, with transparency at the forefront. Users will enjoy its low transaction fees, multi-crypto support, and decentralized governance on top of other features upon launch.
Its 250 million supply and $0.048 presale price make it a cheap option with exciting growth potential. Investors in this phase also gain rewards from fees paid on PUSHD, and for completing milestones.
Not only does it offer greater utility than the likes of Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE), but it also significantly rewards investors. Pushd is the most exciting coin on the market right now and is capturing investors from all over the crypto space.
For more information about the Pushd (PUSHD) Presale, visit their website.
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