Dogecoin (DOGE) and Shiba Inu (SHIB) were once the poster children of the crypto market, riding high on a wave of investor enthusiasm in 2021. However, their days of glory appear to be long gone, as both tokens have since faced significant declines. With no solid use cases and dwindling community support, DOGE and SHIB now struggle to regain relevance. Meanwhile, PEPE and Rexas Finance (RXS) are making waves, with some analysts predicting they could have the potential to deliver the kind of returns investors once dreamed of with DOGE and SHIB.
Dogecoin’s Decline and Shiba Inu’s uncertain future
Dogecoin’s rise to fame was largely driven by Elon Musk’s tweets, often causing the coin’s price to skyrocket. However, the market has moved on, and Musk’s tweets no longer have the impact they once did.
In the past 90 days, Dogecoin has dropped by 19%, and its price struggles to stay above $0.10. Despite technical analysis suggesting a potential bullish breakout, there is little real momentum. With investors now seeking newer, more promising opportunities, Dogecoin’s glory days seem far behind it.
Shiba Inu (SHIB) emerged in 2021 as the self-proclaimed “Dogecoin Killer,” but it too has failed to maintain its early success. Originally driven by hype, SHIB has since seen a steep decline, with little to no meaningful development behind it.
Although some argue that the claim that SHIB is “dead” is an overstatement, it remains a coin in crisis. Lacking a clear use case and struggling to attract new resources, SHIB’s future looks bleak. Investors have moved on to projects with more innovative solutions, leaving SHIB with dwindling relevance in the market.
PEPE’s surge in 2024
In contrast to DOGE and SHIB, PEPE has managed to maintain investor interest. In 2024, PEPE saw a significant price surge, jumping 275% in a short period, from $0.0000046 in April to $0.000017 by late May. While the token experienced a pullback, PEPE rebounded quickly, with an 85% rise from its September low. The token’s price volatility suggests that PEPE is still in a growth phase, with potential for future gains. Unlike DOGE and SHIB, PEPE’s price movements indicate strong investor interest and potential for continued momentum in the market.
Rexas Finance leading the tokenization revolution
While PEPE captures attention with its price…