This question is actually quite interesting. PEPE adopts a no-inflation design, which indeed makes it more scarce from a mechanism standpoint. But why is it that in market performance, it is heavily overshadowed by DOGE, which has an inflation mechanism? DOGE with a market cap in the hundreds of billions is still far ahead, and PEPE seems to find it difficult to shake this position in the short term.

Honestly, purely from the perspective of the inflation mechanism itself, no-inflation is indeed more attractive than inflation — this is basic supply economics. But market reality is much more complex. What has DOGE accumulated over the years? Community base, brand recognition, historical sedimentation. These things cannot be copied overnight by PEPE.

Regarding whether it can surpass in the future, it depends on several key factors. First is the progress of ecological application implementation, second is the sustained maintenance of community consensus, and third is the rhythm of market cycles. For PEPE to stand out, it needs to find a differentiated value that sets it apart from DOGE, rather than relying solely on the dimension of inflation or not. In essence, the competition between these two projects is still about who can better maintain ecological vitality.