Memecoins
Here’s the next billion dollar Memecoin after PEPE, FLOKI, WIF and BONK!
Out of a market cap of $2.15 trillion, memecoins hold a significant share of over $42 billion, with a decent trading volume of around $3-5 billion. The beginning of the year witnessed a notable surge, led by a popular memecoin, Grandpa. Following this, FLOKI and newly launched memecoins like WIF, BONK, BOME, and BRETT, as well as other tokens, have seen tremendous growth. This led to the origin of a new token that has gained significant strength in a very short period of time. A recently launched token, PeiPei, has shown a similar trend and is expected to remain high for a few more days.
Peipei, the Ethereum-based memecoin, has emerged as one of the top gainers among the top 500 cryptos on the market. Volume has surged since the beginning of the month, rising from levels below $100 million to levels above $220 million in just one week. Moreover, the token appears to be a serious contender for the current memecoin champion, PEPE.
PeiPei is up over 60%, suggesting that the token is not following the market and doing its own thing. Will PeiPei replace Pepe as the most popular memecoin or will it repeat BRETT’s playbook?
The chart above shows the comparison of all major memecoins with the trending token PeiPei. While the other tokens followed a similar and predetermined trend, the price of PeiPei demonstrated a monstrous rally. The price fell below the average range while the others remained largely stable and started a massive rise and are trading over 150% above the average range.
PeiPei price has reached new highs at $0.0000003484 and is trading just 10% away from those levels. The bulls have regained their dominance over the token after a brief buildup of strength, further upside could resume and push the price above $0.00000035, forming a new ATH.