Pepe vs Fwog: Which frog-themed memecoin should you bet on?

• Memecoins are capturing the attention of crypto enthusiasts.
• Frog-themed memecoins elicit bullish outlook as end of year nears.

Pepe [PEPE] and Fwog [FWOG], two frog-themed memecoins, are capturing significant attention as they gain almost equal mindshare in the cryptocurrency community.

With both coins receiving similar levels of recognition, discussions are heating up around which one will outperform the other.

This competition between the two coins highlights their potential market significance and innovation, making them top contenders in the ongoing “battle of the frogs.”

Source: Kaito AI

As they vie for dominance, investors are closely watching to see which coin emerges as the winner in terms of price action and future growth.

Pepe vs Fwog price action

The price action of both Pepe and Fwog shows that they are on an upward trend, although Fwog has displayed stronger momentum since its launch in late July.

While Pepe has seen a 17% decline since 31st July, Fwog has skyrocketed by over 2000%, despite Pepe having a market cap 19 times larger than Fwog.

Pepe, being the more established memecoin, hit a bottom on September 5th and has been following an upward trendline ever since.

Each time it touches this trendline, the price moves higher, indicating a potential continuation of the uptrend for the rest of the year. Investors entering a long position at Pepe’s current resistance level could see significant gains if the trend holds.

Source: TradingView

Fwog, on the other hand, is showing even more momentum to the upside. It has distanced itself from the support trendline, suggesting that it could retrace lower before continuing its upward climb.

The MACD (Moving Average Convergence Divergence) for Fwog shows strong buying pressure, placing it in a better position for gains than Pepe.

In contrast, the MACD for Pepe indicates weaker buyer strength, as the volume bars for buying are minimal despite the price trending higher.

While Fwog may appear to have more immediate potential, Pepe’s longer track record and substantial market cap of $4 billion could still make it a viable option for those seeking stability.

Open interest and performance comparison

In terms of market metrics, Pepe has a positive OI-weighted funding rate of 0.0105% according to Coinglass, with open interest steadily rising to $173.85 million.

This suggests that more traders are interested in holding Pepe compared to Fwog, likely due to Pepe’s age and established market presence.

Fwog, however, has a volume-to-market-cap ratio of 9.31%, while Pepe’s ratio is slightly higher at 11.93%.

Source: Coinglass

These figures suggest that Pepe might be underperforming relative to Fwog, but it remains a strong contender due to its larger market cap and proven track record.

Ultimately, both Pepe and Fwog offer unique opportunities for traders.

Read Pepe’s [PEPE] Price Prediction 2024–2025

While Pepe has the advantage of being a more established coin with a massive market cap, Fwog’s explosive growth and stronger buying momentum make it a coin to watch.

Going long on both could be a strategic move, as Fwog has more room for expansion, while Pepe offers stability and potential long-term gains.