PEPE vs WIF: Why the Frog Has More Believers Than the Hatted Dog

PEPE and WIF are two popular memecoins, but PEPE has been outperforming WIF despite WIF's smaller market capitalization. Here's why:

Key Statistics:

- PEPE market capitalization: $10.2 billion
- WIF market capitalization: $2.8 billion
- PEPE's potential target: $0.00003 and $0.0000438
- WIF's key level: $4

Market Analysis:

PEPE has stronger bullish conviction, with a rising OBV trend and a high RSI. It has also burst past previous highs and is on course to reach new extension levels. WIF, on the other hand, has struggled to break out past consolidation and was rejected at its all-time high. Despite this, WIF's OBV and RSI continue to trend higher.

Key Takeaways:

- PEPE has stronger bullish conviction and is outperforming WIF.
- WIF needs to break past $4 to change its current trajectory.
- Conviction in a token can be rewarded during bull runs, making it essential to monitor WIF's performance closely.