Dogecoin, the original meme coin, is being challenged by PENGU, a new Solana-based token from the Pudgy Penguins NFT project. Both are aiming to hit a price of $1, but they are built on completely different philosophies: one on meme culture and the other on a business strategy.
Dogecoin's story is well-known: it was created as a joke in 2013 and is driven by its strong community and the support of figures like Elon Musk. In contrast, PENGU launched in 2024 with a clear purpose: to be the native currency for a new gaming and NFT ecosystem.
A key difference lies in their supply. Dogecoin has an inflationary model, minting 10,000 new coins every minute, while PENGU is deflationary, burning tokens used for in-game NFTs to decrease its total supply over time. PENGU also benefits from the Solana blockchain's speed and low transaction costs, making it a better fit for its gaming goals than Dogecoin's older technology.
Looking at the market, Dogecoin is currently priced at $0.2321 and is nearing a critical resistance level that has historically led to major price surges. PENGU, trading at $0.0384, is showing a "cup-and-handle" chart pattern that could signal a move toward $0.082. This sets up a classic clash between a seasoned meme coin and a utility-focused newcomer.
August 2025, Cryptoniteuae