The Supreme Trio of Meme Coins Unbelievable 586888 Profits and an Enormous Community
During this crypto season, meme coins are proving to be more beneficial to the crypto community than Bitcoin and Altcoins. This trend has led to the emergence of numerous meme tokens that are gaining popularity. Let’s take a closer look at three meme coins that are currently in the spotlight.
PeiPei:
We have previously discussed this token, which has quickly gained fame within the meme community. This red frog token, inspired by Pepe, has experienced an astonishing growth of over 28,000% in just one month. Its market capitalization has reached $139.01 million, and it is currently trading at $0.063279.
Source: Dexscreener
Analytical tools indicate that the major zone for PeiPei is around $0.062502, and the RSI suggests that it is oversold. This could potentially lead to a healthy price correction. The project’s Twitter account has attracted 17k followers. In terms of trending coins, PeiPei currently holds the third position, following Bitcoin and Render.
Source: CoinMarketCap
Over the past seven days, PeiPei’s trading volume has increased by 49.77%. While the charts of the other two coins are in the red, PeiPei’s chart is showing positive growth.
PEPU:
Pepe Unchained is currently the most sought-after pre-sale. It has raised an impressive $3 million thus far. Despite the website’s claim that this coin is only for amusement, the performance of the pre-sale indicates that the community is taking it seriously.
The speed at which funds are being raised suggests that both retail investors and crypto whales are showing interest. The pre-sale price is set at $0.0083591, and a total of 273 million PEPU tokens have been staked.
Source: Pepe Unchained official website
According to the information provided on the official website, the current staking reward is 608.82 PEPU per ETH block.
Source: Pepe Unchained official website
PEPU’s popularity can be attributed to its whitepaper, which outlines PEPU as a layer 2 solution built on the ETH ecosystem, offering improved speed and reduced fees.
BONK:
Bonk is a dog-themed meme coin based on the Solana blockchain that has outperformed Dogewifhat. Since its launch in December 2022, the Bonk token has provided investors with an astounding return of 586,888.94% at its peak in March 2024. While many meme coins claim to go 500x, Bonk has actually delivered on this promise.
Source: Dexscreener
Currently, Bonk is trading at $0.00002420 with a market capitalization of $1.67 billion. Its official Twitter account has gathered a community of 325.5k followers on social media. The charts indicate that this dog token may be due for some correction. Considering its upward trajectory over the past six months, it wouldn’t be surprising if it reaches a 500x increase from its current position.
In conclusion, the total market capitalization of meme coins currently stands at $42 billion. In 2021, when there were fewer meme coins in circulation, the market cap was nearly $90 billion.
Source: CMC – Meme coins market cap in 2021
Source: CMC – Meme coins market cap in 2024
During that time, meme coins had more longevity, but nowadays, some meme coin developers make a quick profit and then abandon the community. Therefore, it is crucial to conduct thorough research before investing in any meme coin. And always remember, only invest an amount that you can afford to lose.
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Meme Coins