Pepe (PEPE +0.40%), the cute frog-themed meme coin that proclaims the dogs have had their day, has a lot in common with Dogecoin. That’s not so surprising since it was built in its image. Unfortunately, being the next Dogecoin is not necessarily a good thing.
Dogecoin (DOGE +1.50%) launched in 2013 as a joke poking fun at the way people bought into cryptocurrencies without fully understanding them. The founders did not expect or intend it to reach a market cap of over $14 billion, and that makes it difficult for Pepe or any other meme coin to follow in its footsteps.
What Pepe and Dogecoin have in common
The first thing Pepe and Dogecoin have in common is that they have both fallen by almost 90% from their all-time highs. The two are among the top 100…
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