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PEPE vs DOGE: The Battle for Memecoin Supremacy

The rise of memecoins, or cryptocurrencies inspired by internet memes, has become a trend in online communities. One of the most popular memecoins is PEPE, a frog-themed token that aims to surpass dog-inspired meme coins like Dogecoin. While PEPE gained popularity quickly and reached a $1 billion market capitalization in just three weeks, its marketcap quickly plummeted to $725 million on May 9.

At present, the token trades at $0.00000192 per token with a market capitalization of $800 million. Despite its official website stating that the coin is "completely useless and for entertainment purposes only," PEPE has gained a lot of support from various members of the community.

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