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Shiba v Pepe (SHEPE) is the latest token attracting the attention of investors in the crypto market. This light-hearted meme coin has emerged as the week’s biggest gain, eventually breaking out more than 5000%. It stems from the rivalry that dominates the Shiba Inu and Pepe Coin communities.
SHEPE is trading at $0.000001366 at the time of writing, down 9% over the past 24 hours. The meme token already has a market cap of $7.9 million and is consolidating above the $0.00000130 level. Where is it likely to be next between Shiba and Pepe?
Shiba vs Pepe re-locks SHEPE’s $428,000 Uniswap liquidity
Projects typically lock their funds in liquidity pools by relinquishing ownership of the tokens in the LP and locking them in a time-limited smart contract. This prevents liquidity provider token holders from withdrawing their funds from a liquidity pool.
Team Shib vs Pepe secured more than $428,000 in PEPE on Uniswap using UNCX Lockers to “secure their funds and boost their credibility”.
🔒 The @shibavspepe team has re-secured $SHEPE’s Uniswap liquidity worth over $428,000.
Projects with large amounts to lock rely on UNCX Lockers to secure their funds and build credibility. ✅ pic.twitter.com/RmeXYSNVGL
— UNC𝕏 Network (@UNCX_token) September 5, 2023
SHEPE’s credibility was also boosted after it secured a listing on a Central Exchange (CEX). In a Sept. 6 post at
Poloniex said so!
📣 We are excited to announce our first CEX listing for $SHEPE !#SHEPE #Poloniex https://t.co/lyePkYvTa5
— $SHEPE (@shibavspepe) September 6, 2023
In addition, the crypto data tracking and fundamental analysis platform Coingecko also listed the SHEPE On Wednesday.
These listings increase the credibility of the token and boost investor confidence in the project.
Shiba vs Pepe consolidates in sideways price action, can it reach $0.01?
SHEPE price is 96% off its all-time high of $0.00004617 after witnessing extreme buyer exhaustion over the past few days. This follows a sensational 5,000% surge fueled by a burgeoning army of more than 313,000 SHEPE holders that saw the price skyrocket at $0.00000000005 at launch.
The initial rally resulted in SPEPE peaking between August 30th and 31st. A local correction then dominated the price action between September 1st and 2nd as early adopters took profits and the price dropped towards the $0.00000130 level.
The price has since been locked into consolidation, leaving market participants uncertain as to which direction the Shiba vs. Pepe price could head.
Today’s trading comes with a whopping $4.4 million in volume, up 114% in the last 24 hours. This results in SHEPE being in a weak position technically.
The Relative Strength Index (RSI) has been floating in negative territory at 40. This suggests that market conditions are currently in favor of the downside.
SHEPE price chart
Source: DexTools
A decline from the current level would result in further price decline and aiming a return to the psychological level of $0.0000010.
On the other hand, the upside potential could see the price surge towards the $0.0000020 resistance level, a possible 60% surge from here.
However, a move to $0.01 would mark a recovery of more than 7600% from the current price. To make such a move any time soon, SHEPE would need strong fundamentals, massive investments, and the support of the broader crypto market.
Nevertheless, the SHEPE owners remain curious and are waiting to see how the price development develops. To diversify their portfolios, investors are turning to other cryptos. This may include pre-sale tokens such as Bitcoin BSC (BTCBSC), which have the potential to rebound strongly once their sales end and they are listed on major exchanges.
Promising SHEPE alternatives
Bitcoin BSC (BTCBSC) is a BTC clone based on the BNB chain. It allows holders to own a form of BTC that provides them with passive income from wagering.
BTCBSC’s goal is to match or even surpass the success of all other Bitcoin clone coins, and to achieve this goal it has chosen staking.
Bitcoin BSC has just started its pre-sale, with 1 BTCBSC token costing $0.99, the price of BTC in 2011.
Welcome to #BitcoinBSC!🪙
The green BEP-20 version of #Bitcoin on the BNB Smart Chain takes you back to Bitcoin’s roots in 2011!
Stake $BTCBSC and earn rewards.
Don’t miss out – join the #presale today!🚀
https://t.co/oM0YP8IlbV pic.twitter.com/vJjLltzQQG
— Bitcoinbsc (@Bitcoinbsctoken) September 5, 2023
BTCBSC can compensate those who missed out on bitcoin when it was still worth pennies. The sale has a fixed cap of 6,125,000 BTCBSC.
As with the pioneer cryptocurrency BTC, the total supply of Bitcoin BSC is fixed at 21 million, making it a deflationary cryptocurrency.
However, the remaining supply of BTCBSC will not be mined via the energy-intensive Proof-of-Work (PoW) mechanism, rather holders of the new altcoin will earn passive income by staking the token.
Build a greener future with #BitcoinBSC!
Earn rewards tied to your stake and current APY, while following Bitcoin’s historical schedule since April 2011. Join us on our journey of growth in the #token ecosystem.
Join the $BTCBSC #Presale today! 🚀
https://t.co/oM0YP8IlbV pic.twitter.com/sRVRqmC2Jb
— Bitcoinbsc (@Bitcoinbsctoken) September 6, 2023
Staking is popular in cryptocurrency DeFi, but enthusiasm has since died down after the implosion of high-profile staking ecosystems like Terra Luna.
However, the attractiveness of transparent bets with a clearly defined revenue stream has not gone away, as opposed to the opaque algorithms used on Terra Luna.
The income from BTCBSC are paid according to Bitcoin block confirmations over a period of 120 years. Overall, 69% of the total token supply will be distributed as rewards.
Staking offers token holders the opportunity to earn token rewards in proportion to how many total pool coins they deposit into a staking smart contract and how long they choose to stake.
This staking feature provides price support while providing positive returns on investments and income for network participants.
The Bitcoin BSC staking is now in effect, even though the coin is still in the pre-sale stage.
Visit the Bitcoin BSC real-time staking dashboard to monitor how many token holders are making wagers.
Also, stay up to date on all project developments X (formerly Twitter) and that Telegram channel.
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