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From 586,888% earnings to a huge community!
In this cryptocurrency season, meme coins are benefiting the cryptocurrency community more than Bitcoin and Altcoins. This cycle has seen the rise of many meme tokens. Let’s take a look at three meme coins that are becoming very popular.
PeiPei
We have already talked about this token before. It was born a month ago and is becoming very famous in the meme community. This red frog token, based on Pepe, has grown over the 28,000% in one monthIts market capitalization has reached $139.01 million and it is currently trading at $0.063279.
Source: Dexscreener
Analytical tools show that its main zone is around $0.062502 and the RSI indicates that it is oversold. This suggests that PeiPei could see a healthy price correction. The project’s Twitter handle has 17k followers. PeiPei is ranked third among the top trending coins, behind Bitcoin and Render.
Source: CoinMarketCap
Its trading volume has increased by 49.77% over the past seven days. While the charts of the other two coins are in red, PeiPei’s chart is green.
PEP
Pepe Unchained is currently the most popular pre-sale. It has raised $3 million so far. Despite the website claiming that this coin is just for fun, the pre-sale performance suggests that the community is taking it seriously.
The speed of the fundraising indicates that it has attracted both retail investors and crypto whales. The pre-sale price is $0.0083591 and 273 million PEPU tokens have been staked.
Source: Pepe Unchained Official Site
According to the official website, the current staking reward is 608.82 PEPU per ETH block.
Source: Pepe Unchained Official Site
The popularity of PEPU stems from its White paperwhich describes PEPU as a layer 2 solution built on the ETH ecosystem to offer faster speed and lower fees.
DISGUST
Bonk is a dog-themed meme coin based on Solana that has surpassed Dogewifhat. Since its launch in December 2022, the Bonk token has given its investors a return of 586,888.94% at its peak in March 2024. Many meme coins claim to reach 500x, but Bonk has actually delivered on its promises.
Source: Dexscreener
It is currently trading at $0.00002420 with a market cap of $1.67 billion. On social media, its official Twitter handle has a community of 325.5k followers. The charts indicate that this canine token is in the mood for a correction. Given its growth in the last six months, who knows, it could even increase 500 times from here.
Conclusion
Currently, the total market cap of meme coins is $42 billion. In 2021, even when there were fewer meme coins, the market cap was almost $90 billion.
Source: CMC – Meme Coin Market Cap 2021 Source: CMC – Meme Coin Market Cap 2024
Back then, meme coins had more staying power, but now some meme coin developers make a little money and then leave the community. Therefore, it is important to do thorough research on any meme coin before investing. And remember, only invest what you can afford to lose.