1. DOGE: The old king, the Musk effect still exists.
Dogecoin was born in December 2013 as a joke created by programmers Billy Markus and Jackson Palmer to satirize the speculative atmosphere of the cryptocurrency market. Unexpectedly, it became the pioneer of meme coins. It is based on an improved code of Litecoin, with a fixed total supply of 100 billion tokens, short transaction confirmation time, and low fees.
The price trend of DOGE is closely linked to Musk. In 2021, Musk frequently mentioned Dogecoin on Twitter, proclaiming slogans such as 'Dogecoin is the currency of the Earth,' directly driving DOGE's market value to surpass $90 billion, placing it among the top ten cryptocurrencies by market capitalization. By 2024, DOGE's price surged over 260%, becoming a market focus again. Recently, on-chain data shows that whales bought 750 million DOGE within a week, providing some market support, with the current price hovering around $0.2. Technical analysts believe that if it can break through key resistance levels, DOGE is likely to aim for $1.1 in the future. However, DOGE faces the issue of lacking actual application scenarios, excessively relying on celebrity effects and market sentiment; if Musk reduces attention or market sentiment shifts, the price could fluctuate significantly.
2. SHIB: The ecosystem gradually lands, and the burning mechanism assists.
SHIB was launched in 2020 by an anonymous team, featuring the Japanese Shiba Inu, and is known as the 'Dogecoin Killer.' It has built a vast ecological system, with tokens including SHIB, LEASH, and BONE, and its decentralized exchange ShibaSwap provides one-stop services such as mining, staking, and trading. Moreover, the team actively promotes SHIB's application in payment, NFTs, etc., and has planned the SHIB Metaverse project, making its usability stand out among meme coins.
The Shiba community is vigorously promoting a token burning mechanism to reduce market circulation and enhance value. In August 2025, the SHIB burn rate soared by 48,000% in a single day, attracting significant market attention, and the price broke through the key resistance level of $0.000029. Analysts predict that SHIB is expected to rise by 260% in the coming months, reaching $0.00008. However, SHIB also faces challenges, as its circulating supply of 589 trillion tokens is excessively large. Even with continuous burning, achieving the target price of '0.01 USD' as some investors expect will require greater breakthroughs in ecological implementation and application expansion to attract more funds to digest the massive chips.
3. PEPE: The rising star, backed by technological innovation.
PEPE is based on the Ethereum blockchain and leveraged the popular 'Pepe the Frog' meme to launch with built-in traffic. It does not solely rely on meme culture but also introduces innovative technologies such as privacy protection and transaction simplification, attempting to build a unique competitive advantage.
In 2024, the price of PEPE soared over 1200%, becoming one of the standout meme coins. However, entering 2025, its development faces challenges, with declining trading volume, a reduced proportion of holdings in whale addresses, and a 58% year-over-year decrease in discussions on social platforms. The current price of PEPE fluctuates around $0.0000139, with a market capitalization of about $5.8 billion, ranking 25th in the cryptocurrency market. Analysts predict a target price of $0.00006 for 2025; to break through, progress is needed in technical implementation, community activity enhancement, and regulatory responses to avoid difficulties due to cooling market sentiment or changes in regulatory policies.
In summary, DOGE has the strong brand effect and loyal community brought by Musk, but has obvious application shortcomings; SHIB has a well-established ecological layout, and its burning mechanism and community promotion give it considerable potential, although circulation volume is a major obstacle; PEPE has highlights in technological innovation and broad development space as a new force, but current market heat and capital inflow face tests. As for who can become the next doubling dark horse, in the uncertain cryptocurrency market, it largely depends on the future market sentiment direction, technical implementation status, regulatory policy changes, and ecological expansion results. Investors must fully recognize the high risks involved while paying attention to these meme coins and make investment decisions cautiously.
