Memecoins
Pepe Coin surges 20% this week, sparking interest as a leading memecoin
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Pepe coin rises 20%, gaining ground as analysts predict further gains, while Dogeverse raises $13 million in pre-sale, highlighting its potential.
The memecoin showdown intensifies and Pepe is vying for favorite status as it rises 20% this week. Will his rally continue and is it the best memecoin to buy now?
Pepe price shows relative strength, analysts expect earnings
Pepe’s recent run shows no signs of slowing down and analysts are rallying in support. The frog-themed meme coin continues to gain pace today, despite a broader market crash. It is up 6.2%, while the total cryptocurrency market capitalization is down 0.8%.
Pepe is currently trading at $0.000008422. That represents a 24% premium this week and a 9% premium this month. It holds a market capitalization of $3.5 billion and 24-hour trading volume of $755 million, up 25% today.
The project’s market capitalization makes it the third largest meme coin and the 30th largest cryptocurrency. Meanwhile, its trading volume ranks it 14th.
Its price remains 21% below its March high, but traders are optimistic of a quick recovery. “PEPE is undoubtedly the best-looking altcoin chart right now. It appears poised for a move to new all-time highs,” he wrote analyst Jameson on X recently.
Likewise, Max Schwartzman, CEO of the media Why Bitcoin, recently respect Pepe at Dogecoin. He anticipates that both cryptocurrencies will perform well, but that Pepe is in “price discovery” against Dogecoin, which paves the way for exponential growth.
Max said: “Doge looks really strong here. This is the first pullback on a higher time frame after breaking out of a 500+ day bear market reaccumulation range. I would expect Doge to hold and recover from here.
He continued: “If Doge seems ready to rise and the Pepe/Doge pair is in the price discovery phase, what does that mean? It means that Pepe is on a mission to the Moon.
Meanwhile Zaza anticipates a move towards a market capitalization of $15 billion, equal to 4 times the current price.
“There is almost no resistance left. If we cross the green box, next are the 90 levels and then ATH. The next move will take us to a market capitalization of 12-15 billion.”
Indeed, with relative strength compared to the broader cryptocurrency market, Pepe’s next trajectory looks promising.
But another meme coin that is gaining traction is Dogeverse; is currently in pre-sale stage and has raised a staggering $13 million.
Dogeverse raises $13 million in pre-sale, IEO coming soon
It’s not often that a meme coin brings a completely new concept to the market while offering investors the chance to get in early, but that’s exactly what happened with Dogeverse.
The new meme coin is the first Doge-themed cryptocurrency to launch on multiple blockchains.
In a bid for unrivaled accessibility, Dogeverese is available on Ethereum, Solana, Base, BSC, Avalanche, and Polygon.
This unique multi-chain perspective isn’t just about optics. By interconnecting six smart contract-enabled blockchains, Dogeverse unites once-differential communities, embracing memetic positivity and setting aside trivial feuds.
Dogeverse’s approach means there has never been a meme coin with access to greater liquidity on-chain. The project is currently in the presale phase and has raised over $13 million, reflecting trader interest in this captivating use case.
Analysts are also extremely optimistic, with experts from YouTube channel 99Bitcoins recently noticing the strength of the meme coin market and speculating that Dogeverse could 100x after the launch of the exchange.
While the future certainly looks bright for Dogevese, potential investors are racing against time. This is because the pre-sale will end soon, and then DOGEVERSE will be launched on exchanges, where its price will be dictated by supply and demand dynamics.
To know more, visit the Dogeverse presale.
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