The big comeback: the price of PEPE has risen by 20%

1 ay ago 0 33

PEPE

Apparently, the meme-token market is on an upward trend again. Thus, this week PEPE reminded about itself, the price of which has risen by almost 20% over the last day.

At that, the 24-hour trading volume of the coin reached $1 bln. In total, during the week the increase of PEPE rate equals 37%. Obviously, Pepe Coin has become the flagship of the bullish growth of meme cryptocurrencies.

New meme cryptocurrencies for those who missed the PEPE growth spurt

However, those who missed out on capitalizing on PEPE Coin’s growth should not be disheartened. Investor interest in the category of meme coins in general is now increasing, and it is quite possible that many such tokens will soon rise in price.

Analysts advise to take a closer look at new promising projects, which have a probability of price growth (it is worth remembering, for example, the increase in the price of PEPE, which occurred once).

Slothana is a meme project created on the basis of Solana blockchain and has raised more than $15 million at the presale. The asset will be listed in 5 days. Dogeverse – a unique project with the ability to switch between 6 blockchains and more than $11 million in investments.

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Slothana

Slothana project sets records already at the pre-sale stage. Investors have invested more than $15 million in SLOTH coin in one month. Apparently, this is not the limit yet, as there are 4 days left until the end of the presale.

There is a timer on the project’s website that counts down the time left until the official release. The creators of the startup are in no hurry to disclose information about the upcoming listing, further stimulating users’ interest in the coin.

An important factor in the success of the SLOTH token is its connection to the Solana blockchain, which has recently become increasingly popular among traders and developers. Tokens of new projects created in this network (Slerf, DogWifHat and Bonk) are being bought up, overtaking Shiba Inu, Floki and Pepe in terms of sales dynamics.

There are several preconditions for the growth of the asset’s value. Among them:

More than $15 million in presale investment in just one month.
The project runs on the Solana blockchain.
The success of similar meme tokens: Slerf, DogWifHat and Bonk.

Dogeverse

The Dogeverse project has its own unique features and advantages that set it apart from other representatives of the DOGE universe. First of all, it is worth noting the multichain technology, which gives token holders the ability to switch between six blockchains (Ethereum, BNB Chain, Polygon, Solana, Avalanche and Base). In addition, the owners of the asset will get the right to passive earnings through steaking on Ethereum with fair conditions specified in smart contracts.

The project creators plan to list the asset on major crypto exchanges and develop a strong community.

At the moment, DOGEVERSE is available on presale, during which tokens worth $9.9 million have already been sold. Prerequisites for the growth of the coin:

Unique blockchain bridging technology, which allows to reduce gas commissions.
Opportunity to make money from “honest” steaking and support for smart contracts.
Nearly $10 million in investment in a matter of weeks.

Conclusion

Despite the skepticism of some members of the crypto community towards meme tokens, such assets continue to surprise with their price dynamics. With the post-halving hype around bitcoin diminishing, many conservative-minded investors are starting to include this asset category in their cryptocurrency portfolios.

Whales are not being left out either. For example, more than 50% of the entire circulating supply of five popular meme cryptocurrencies (DOGE, SHIB, BABYDOGE, FLOKI and MEME) is held by the 10 largest digital wallets.

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Author: Saifedean Ammous, an expert in cryptocurrency economics.