Shiba Inu Vs. Pepe: Complete Comparison

Meme coins have long gone beyond “just a fun coin” and have become strong competitors in the crypto space. Some of them even amaze with their huge market capitalization and gigantic community of followers. In today's article, we will talk about some of the brightest meme coins—Shiba Inu and Pepe—and find out their main differences.

What Is Shiba Inu?

Shiba Inu—an Ethereum-based meme coin that immediately caught the attention of the audience and built a strong community. This is largely due to the coin's bribe with its non-serious nature and involvement with the Shiba Inu breed, which is typical of successful meme coins like Dogecoin and Bonk. However, beyond the funny cover and humor, Shiba presented an evolving ecosystem that also hooked the public.

Shiba Inu was created in 2020 by an unknown developer under the nickname Ryoshi. Upon creation, he immediately relinquished the rights to the project and placed its reign in the hands of a community that calls itself “SHIBA Army” and is considered one of the largest in the crypto world. Today, the SHIB token itself is represented on many well-known exchanges and has high liquidity due to high demand among users and traders. It is most often used as an inexpensive and fast payment method as well as for short-term trading due to its volatility.

What Is Pepe?

Pepe—an Ethereum-based meme coin created in 2023 by a team of unknown developers who were inspired by the popular frog Pepe. In terms of utility, it doesn't have much of a technical base. The team doesn't make loud promises and emphasizes the humorous nature of the coin, focusing on the interaction of the frog's funny image with the community.

People appreciate PEPE for its excellent trading environment due to its low cost and volatility; also, the zero tax policy is a nice bonus. The coin has a deflationary nature, and its tokens are burned over time; it means that PEPE’s value will increase in the future. As for today, Pepe is one of the most well-known memes and is among the top cryptocurrencies in terms of total market cap.

Shiba Inu Vs. Pepe: Key Differences

Now that we have familiarized ourselves with each coin, we can move on to the comparison and match their functionalities on key metrics.

Speed

In 2023, Shiba Inu expanded its ecosystem by introducing Shibarium, a Layer-2 blockchain that aims to increase the speed of transactions (up to 10,000 TPS). Users can then make faster transactions, which has a positive impact on SHIB as a preferred choice for trading.

As for Pepe, its processing speed is only 12-14 TPS, as it is directly dependent on the Ethereum network. However, the Pepe team aims to create a Layer-2 solution for Ethereum to increase the transaction processing speed by almost 100 times.

Fees

As mentioned earlier, Shiba Inu has moved on to Shibarium, which has had a positive impact on not only increasing speeds but also lowering fees (starting from $0.75 now). However, you should keep in mind that the final fee amount is influenced by the liquidity of your chosen exchange and online congestion, among other things.

As for Pepe, the cost of its commissions directly depends on the congestion in the Ethereum network. High fees during periods of network congestion can deter trading activity, potentially putting downward pressure on the price of PEPE, with commissions always a matter of cents. Conversely, updates to the Ethereum project, such as the introduction of sharding or Layer 2 scaling solutions, could reduce fees and increase transaction speeds.

Deflationary Nature

Shiba Inu and Pepe are deflationary assets and burned their tokens, but there are differences between the two. Shiba Inu burned 50% of their tokens, while the Pepe team went further and burned 93.1%. Thus, Pepe Coin reduced the supply, making the asset more scarce. Therefore, the demand for PEPE is expected to increase over time.

Ecosystem Development

Shiba Inu is developing powerful projects within its ecosystem; among them, we can mention the decentralized exchange, ShibaSwap, and the scaling solution Shibarium. There have been well over 500 million transactions on the coin's network, demonstrating a vibrant environment.

Speaking of the Pepe ecosystem, it is entirely focused on building an engaged community of supporters. At the time of writing, the project has over 720,000 followers on X (formerly Twitter), as well as active blogging on Reddit and Telegram. There, users can not only communicate with each other but also participate in various contests and community projects. As for further prospects, the PEPE team has outlined several plans for the future, including the creation of the Pepe Academy and the possible development of solutions to expand the scalability of the ecosystem.

Use Cases

Shiba Inu runs on the Ethereum blockchain and uses smart contracts, which improves its decentralization. This feature, over time, has allowed the meme coin to create a decentralized exchange and gain new features like farming and staking. In addition, the Shiba Inu community is known for its philanthropic aspects, like raising money for charity on its social networks.

As for Pepe, it is mainly used as a speculative asset for trading. It is a very attractive option for this, as PEPE is characterized by its tax-free policy, which means users can engage in trading without additional fees. This is different from other cryptocurrencies, where taxes may be levied on transactions, which can be an extra burden for traders and investors.

Shiba Inu Vs. Pepe: Head-To-Head Comparison

We have looked at the key features of Shiba Inu and Pepe, and with the help of the table below, you can clearly see their similarities and differences:

Shiba Inu VS. Pepe: Which Is The Better Buy?

It is very difficult to give a clear answer to the question of which is better to buy, Shiba Inu or Pepe, because they are different in nature. Shiba Inu has a well-developed ecosystem and continues to improve. Also, it has a strong connection with followers. SHIB encourages community-oriented projects, offering opportunities for innovation and expansion.

On the other hand, Pepe Coin has not developed its ecosystem and is riding a wave of fame thanks to meme culture. It thrives on viral trends, social media mentions, and great team marketing. Pepe doesn't build a complex coin; it initially positions itself as “just a funny meme”, and that's what really buoys people up.

So, choosing an asset depends entirely on your goals and interests.

Thus, we can conclude that despite Shiba Inu and Pepe both being meme coins, they have different paths. SHIB is development-oriented and has a more structured approach, while PEPE relies on viral memes. The choice is yours, as both strategies work great, as these players are top cryptocurrencies.

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