It has been an eventful week in the world of meme coins, with several notable developments capturing the attention of investors. Dogecoin, the legendary meme coin, experienced a surge of 15% in its price, fueled by renewed interest and excitement within the DOGE community on social media. This upward trend has propelled Dogecoin back to the seventh position on CoinMarketCap’s list of the largest cryptocurrencies, with a market cap of $10.8 billion. With the hype surrounding DOGE building once again, it is definitely a coin to keep an eye on this week.
Another meme coin that has been making waves is Evil Pepe Coin (EVILPEPE). This highly anticipated coin has raised an impressive $730,000 in its ongoing presale phase, attracting significant interest from traders worldwide. With only eight days remaining in the presale, prospective investors have a limited window to purchase EVILPEPE tokens at a discounted price. The association with the original PEPE coin, which kickstarted the meme coin frenzy in April, adds credibility to Evil Pepe Coin’s strategy. Investors looking to get in on the ground floor of this high-potential meme coin should act quickly.
On the flip side, the original Pepe coin (PEPE) has been experiencing a bearish trend, with a 17% decline in price over the past week. Despite the gains made in June and early July, PEPE has struggled to maintain its value, primarily due to its lack of long-term utility. However, with a 24-hour trading volume exceeding $109 million, there is still some interest in the coin, offering a glimmer of hope for bullish investors.
Wall Street Memes (WSM) has emerged as one of the breakout stars in the meme coin space, with its presale raising an impressive $17.5 million and counting. Inspired by the WallStreetBets subreddit, Wall Street Memes has garnered a strong online community of 1.1 million “degens” across platforms like Twitter and Instagram. This early momentum suggests that Wall Street Memes could have significant price potential upon its open market debut.
Lastly, the newly-launched meme coin AI-X (X) has seen a massive spike in trading volume. Capitalizing on the excitement surrounding artificial intelligence and Elon Musk, AI-X aims to fund advancements in AI technology. With no transaction fees and a burned liquidity pool, X offers deflationary tokenomics designed to foster sustained price growth. The recent rebranding of Twitter as “X” by Elon Musk has further boosted the momentum around the AI-X token, making it a token worth watching closely in the coming days.
Please note that this article is for promotional purposes only and does not constitute financial advice. Readers are strongly advised to independently verify the information and consult a professional before making any investment decisions. Investing in cryptocurrencies carries a risk of capital loss.