Meme Coins vs. Shitcoins. This article explores the difference between meme coins and shit coins. Pepe Unchained is a high-quality meme coin.
Unlike other financial instruments and products, crypto is unique. The technology underpinning the millions of various tokens is, without a doubt, revolutionary.
However, with multiple tokens to choose from, some have been seen by “serious” developers as “unworthy.”
If anything, Bitcoin hard-liners consider all competing coins as shit coins.
Indeed, they might have their use cases and solve specific problems that Bitcoin might not address; but is their assessment right?
Within these “shitcoins” are “meme coins.”
After Bitcoin launched in 2009, there have been thousands of shit coins, but meme coins are pretty new.
Though shit coins and meme coins are sometimes used interchangeably by disproving critics, there are subtle nuances that differentiate them.
Meme Coins: A Vibrant Community
We start with the more popular meme coins.
There are hundreds, if not thousands, of meme coins.
Most of them deploy on the Ethereum and Solana ecosystems.
Dogecoin and Shiba Inu are the most valuable meme coins.
As you might have learned, meme coins are inspired by internet memes and cultural phenomena. Accordingly, they can easily capture the public’s imagination, explaining their viral potential.
For example, Dogecoin with the Shiba Inu dog, Pepe from Pepe the Frog, etc.
While popular, most meme coins lack clear utility but are backed by a vibrant and passionate community.
This community-driven approach can lead to rapid price increases and substantial profits for early adopters.
To make up for the absence of strong fundamentals, meme coins tend to go viral, posting sharp price gains primarily because of the social media buzz and attention from new investors.
Shitcoins: Poorly Structured, Risky Investments
On the other hand, shitcoins not only lack utility but are poorly designed, and most are considered scams.
The good news is that a shit coin can easily be picked out.
While they ride on crypto, they have no real-world use case and launched primarily to generate quick money for their creators.
Most shit coins tend to be rugged, and the developer abandons the project, leaving early investors holding worthless tokens. At the same time, most shit coins are subject to pump-and-dump schemes.
In these schemes, price manipulators coordinate to inflate token prices, sucking in volatility traders artificially. Once they generate sufficient liquidity, they dump all tokens, forcing prices down.
To stay safe from developers launching shit coins, all you have to do is watch their marketing tactics. Most of them tend to be deceptive, making false promises without any technological advancements.
Pepe Unchained: A Top Meme Coin
As the crypto investors navigate and sieve out quality projects for their consideration, Pepe Unchained stands out.
Pepe Unchained is a meme coin inspired by Pepe, the popular meme coin inspired by “Pepe the Frog.”
In the ongoing presale, Pepe Unchained has raised over $12.5 million.
Each PEPU is trading for $0.0095743.
What’s cool about the project is that PEPU, the native token, has utility.
It will be the core for the Pepe Unchained layer-2 for Ethereum, dedicated for meme coins.
The Ethereum layer-2 will allow traders to swap cheaply while meme coin developers will easily launch in a scale, Ethereum interoperable environment.
Moreover, PEPU can be staked for 163% APY–one of the highest yields across DeFi.
There are thousands of supporters backing Pepe Unchained across Telegram, YouTube, and X.
Most are bullish, expecting PEPU to rally over the years once the project launches.
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Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.