Pepe Coin vs Floki Inu: A Comparative Analysis of Memecoins

Introduction

Memecoins have been widely popular among crypto investors seeking high returns and are the next big crypto. Simply said, Memecoins are cryptos that are inspired by some infamous joke memes on the internet, with the main purpose of entertaining people though some of them have intrinsic value as well. In this article, we will check two such memecoins: recently launched Pepecoin and Shiba-based Floki, compare them, their features, and more.

What is Pepe coin?

Pepe coin is another rival memecoin that was launched to target popular doge-based memecoins- Dogecoin, Shiba Inu, Floki, more, and even OG Bitcoin to become the top crypto. It’s an ERC-20-based token that was inspired by the infamous frog meme – “Pepe the frog”, a creation of artist Matt Furie. The Pepe meme has been around the internet for more than 20 years since 2005, and it’s no wonder it has such a huge fan following and community. 

The Pepecoin website states it as one of the most memeable coins ever in existence. It also mentions that Pepecoin does not have an intrinsic value; it is just created for entertainment purposes. It was launched with an initial supply of 420.69 trillion tokens, out of which 93.1% were sent to the liquidity pool (LP tokens burnt), and 6.9% were reserved in a multi-sig wallet for future listings of centralized exchanges and pools.

Key features of Pepe coin

• It’s a deflationary token with burning mechanisms and a limited token supply of 420 trillion that ensures token scarcity.
• Pepecoin has a “no taxes” policy, which means individuals do not have to pay high transaction fees when trading the coin, but it might sometimes become subject to network usage.
• Pepe has exceptionally achieved the initial two phases of its roadmap within a few months. Its third phase has plans to launch Pepe tools, Pepe Academy, Pepe merchandise, listing on T1 (Tire one) exchange, and reach 100,000+ holders.

Read More: Pepe vs Shiba vs Doge

Latest news on PEPE

• Pepecoin has reached a count of 125,000 on-chain holders combined from Ethereum (128.6K), BNB chain (5.7K) and Arbitrum.

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today we celebrate breaching 125k on-chain $pepe holders 🐸💚

128.6k total, 121.9k on $ETH, 5.7k on $BNB, and 997 on $ARB pic.twitter.com/t2rUa6qver

— Pepe (@pepecoineth) June 22, 2023

• Pepecoin perpetual futures contract is now available on Gemini crypto exchange for individuals to trade and leverage its liquidy.

Feeling perpetually pepish about $pepe perps! 🐸 https://t.co/aMry474huk

— Cameron Winklevoss (@cameron) June 28, 2023

What is Floki Inu?

Inspired by the name of Dogefather, aka Elon Musk’s Shiba Inu dog- Floki, this memecoin shares similarities with other Doge meme coins with a sticker of Shiba Inu, but holds a vision to bring a whole lot of utility with its meme status. Floki is not just limited to a memecoin, it is a web3 ecosystem with utilities spanning across various fields, including Valhalla NFT gaming metaverse, where FLOKI serves as in-game currency used for reward distribution and by players to purchase potions and other assets. FlokiPlaces, an NFT marketplace to buy and sell NFTs and other digital assets. Floki pools in Inverse Finance and BarnBridge to offer users decentralized financial services. 

Native crypto of the Floki ecosystem, FLOKI is a multi-chain token with compatibility for ERC-20 (Ethereum) and BEP-20 (Binance Smart Chain). It’s a deflationary coin with an auto-burn mechanism and was created with a maximum supply of 10 trillion tokens.

Key features of Floki Inu

• Unlike typical memecoins, Floki holds utility within its ecosystem and is now offering real-world opportunities like payments, purchase of products, etc.
• Floki has a 3% tax on its trading, which is sent to the project’s treasury to develop its ecosystem and promote FLOKI’s adoption.
• Some also see Floki as “The people’s crypto” and its working to build schools in underdeveloped countries and other charity actions.

Additional Read: Why Metaverse Coins are going Viral?

Latest news on FLOKI

• Floki has announced its roadmap later this June with some major upgrades to its payment system, burning mechanism, LP support, etc. It’s also coming up with a DeFi lending and borrowing integration on the BNB chain, Floki staking program mainnet launch, and more. 

#FLOKI 2023 ROADMAP UPDATE

We are VERY CLOSE to delivering on several key promises on the $FLOKI 2023 roadmap, so we believe an update is long overdue to show where we are at.

Here is a quick overview of some of the exciting things our devs are working on behind the scenes that… pic.twitter.com/EjGj284jCk

— FLOKI (@RealFlokiInu) June 22, 2023

Comparing Floki Inu vs Pepe coin

Let’s check the comparison of memecoins comparison: Pepe coin and Floki Inu

Key Differences between Pepe coin vs Floki Inu

• Pepe coin is inspired by the “Pepe the frog” meme created by artist Matt Furie while Floki is named after Elon Musk’s dog – Floki.
• Pepe coin does not have any financial value as of present, whereas Floki Inu serves multiple utilities such as purchasing assets in the play-to-earn game Valhalla, NFTs from FlokiPlaces, and to power FlokiFi.
• Pepecoin does not have taxes on buying and selling the coin, while Floki charges a 3% tax on trading of FLOKI.
• Pepecoin is based on the ERC-20 token standard, and Floki is a multi-chain token with support for Ethereum and Binance Smart Chain.
• Both assets differ in token supply: There are 9.46 trillion FLOKI tokens in existence which are meager when compared to the 420 trillion supply of Pepe coin.

Pepe coin (PEPE) Price Prediction

• PEPE price today is trading at $0.000001579, with a 24-hour trading volume of $218.3 million. In the last 24 hours, The PEPE price has seen a drop of about 4.55%. PEPE’s market cap is $618 million as of July 07, 2023.
• PEPE price surged to $0.000004354 within a few days of its launch, but it has dropped dramatically since then.
• The recent support level of the PEPE price is at $0.00000150, and if it goes beyond resistance at $0.00000190, it might possibly touch $0.00000210.

Read On: Pepe Coin Price Prediction

Floki Inu (FLOKI) Price Prediction

• FLOKI price today is trading at $0.00002457, with a 24-hour trading volume of $20.3 million. In the last 24 hours, The FLOKI price has seen a drop of about 3.09%. The market cap of FLOKI is standing at $233.35 million as of July 07, 2023.
• FLOKI price gained more than 590% within two months at the start of 2023; following this, it has been trading in a consolidated range for three months before a breakdown in June.
• Despite these ups and downs, the FLOKI price managed to strengthen and is currently around 15% up from its recent low.

Should you buy PEPE or FLOKI?

Well, the huge popularity and community support of both coins is undeniable. The PEPE price skyrocketed by more than 6000% within a few days of its launch in April, but it soon plunged drastically, leaving investors in anxiety. 

On the other side, Floki’s recent launch of its roadmap seems promising and has been embraced by the community. Nevertheless, crypto markets are unpredictable, especially when it comes to memecoins driven by speculation and community sentiment. So, investors should do their own assessment and apply risk management before investing in cryptos.

How to invest in Pepe coin (PEPE) and Floki Inu (FLOKI)?

Investing in Pepe coin PEPE or Floki Inu FLOKI is extremely simple, fast, and secure with the CoinDCX App. All you need to do is register yourself and verify. To register, follow the below-mentioned steps:

• Download CoinDCX App

• Register by entering your details.

• Complete your KYC

• Once your profile is verified, add funds to your wallet and Buy PEPE or FLOKI.