PEP vs DOGE

I’m investing in the newly launched fork of Dogecoin called Pepecoin with the ticker symbol PEP. It’s an AuxPOW mineable layer 1 cryptocurrency just like Doge and it aims to gather all Pepe communities under one roof. The first halving took place yesterday bringing down the block rewards to 250k. Eventually block rewards will be fixed at 10k per block just like Dogecoin. One advantage of Pepecoin over Dogecoin is that Pepecoin’s supply will always be less than that of Doge. Pepecoin was created by one of the Doge shibes from 2013. It was launched in Jan 30th 2024.

What are the chances of Pepecoin catching up with Dogecoin and placing itself amongst the top 10 cryptocurrencies in terms of MC? Would the market embrace a PEPE memecoin but with Doge tech built in it and since it’s a coin not a token and has no rugpull risk? Also Pepecoin’s market cap is tiny, around $300k. Could Pepecoin reach $60m MC like Doge did in the first year? Pepecoin is currently trading at $0.0000067. If it reaches Doge’s MC it will trade at around $0.40. Is this wishful thinking? Does our crypto market need another Pepe? Any opinions would be appreciated.