Dogecoin (DOGE) and PEPE (PEPE) Price Drop: Analysts Suggest WW3 Shiba (WW3S) Might Surpass Both Memecoins This Year
At the start of June, $DOGE traded at $0.1602.
The meme coin sector is famous for projects that suddenly surge in value, making early investors a lot of money. But many of these projects also crash quickly. This has happened recently with both $DOGE and $PEPE. On the other hand, a new cryptocurrency project called WW3 Shiba and its upcoming presale are attracting attention from investors who are looking for the next big gaming coin.
DOGE Declines as the Meme Coin Market Cools Down
The price of the most popular meme coin, $DOGE, has dropped a lot. In early June, when Bitcoin returned to $70,000, the crypto market surged, which made meme coins like $DOGE and $PEPE go up in price. However, $DOGE did not continue to reward its investors. At the start of June, $DOGE traded at $0.1602. It grew to $0.1602 five days later before falling 8.8% to $0.1461 in less than 48 hours. A week later, $DOGE dropped another 7.6% to $0.135.
PEPE Slows Down Despite Partnership with DeFi Ecosystem
Similar to $DOGE, $PEPE has also gone down in recent weeks. During the market rally, analysts thought that PEPE’s joint promotion with Binance would push PEPE back to its old highs. But investors were left disappointed. Early in May, $PEPE traded at $0.00001057. After three weeks, $PEPE grew 36.5% to $0.00001443, raising hopes among traders. Nevertheless, $PEPE fell to $0.00001277 at the start of June before dropping another 10.7% to $0.0000114 by the second week of the month.
WW3 Shiba: Dog-Based Gaming Coin Could Outperform DOGE, PEPE, and Other Meme Coins
Despite the downturn affecting many meme coins, WW3 Shiba ($WW3S) has remained a strong contender among the best meme coins. This Ethereum-based gaming token powers the WW3 Shiba ecosystem, where players own NFT dogs. WW3 Shiba offers a unique gaming experience that involves training and taking care of these dogs. Top players earn special NFTs and $WW3S tokens, which can be exchanged for discounts, cash prizes, and real-world assets.
Additionally, with its promising meme ecosystem, $WW3S is set to become a potential blue-chip meme coin with practical uses like staking, entertainment, and helping war-affected dogs. Also, WW3 Shiba’s entry comes at a time when the value of the crypto gaming market is estimated to be around $175 billion.
Amid growing excitement, WW3 Shiba has reassured investors by locking in the liquidity pool for ten years. Team tokens will also be locked for three years, showing a shared commitment to WW3 Shiba’s long-term success. Many analysts believe that WW3 Shiba’s combination of gaming features and real-world appeal could help it outperform Dogecoin and Pepe this year.
Conclusion
The downward trend of $PEPE and $DOGE is part of a broader price correction in the meme coin market. Many analysts and traders are looking to move away from these bearish positions to projects with great potential. Among these projects is WW3 Shiba, one of the first social P2E meme coins that rewards its community for completing missions. With plans to distribute 50% of its token through the ongoing presale, experts say now is the best time to join this gaming token before its expected boom. Optimistic traders predict the token could grow 100x by the time it is listed, making its presale a very lucrative opportunity.
