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PEPE and FLOKI lead Monday’s gains, ETH coins will please the KAI Rally
Ethereum network token Pepe Coin (PEPE), a popular meme coin since 2023, led Monday’s cryptocurrency gains with a 31% green candle, followed by Floki Inu with a 10% intraday price spike on exchanges cryptocurrencies.
Dogecoin (DOGE), Shiba Inu (SHIB), Book of Meme Coin (BOME), and Bonk (BONK) were close behind on the charts. The strong performance of meme coins earlier in the week could portend another meme coin rally for the second half of May, after memes corrected with the broader cryptocurrency market since early March.
PEPE and FLOKI – two ERC-20 currencies – leading Monday’s gains could give rise to Ethereum economies like the new Kai Cat (only available for pre-sale in the second quarter) to dominate the cryptocurrency market performance in the coming weeks. One thing all three meme coins have in common is that they are issued in amounts the size of Bitcoin Satoshi…
Mathematical Coins: The Penny Cryptos of the Bitcoin Economy
Pepe Coin price on Monday was $0.00001005 in US dollars. Floki Inu traded for USD $0.00018. Meanwhile, in its pre-market sale, Kai Cat is flying across the Ether for $0.0040806 per KAI token. Do you want a twenty dollar value? You will have to purchase 4,900 tokens.
Do you want to buy fifty dollars of Pepe Coin? You will instantly become a PEPE coin millionaire with 4,975,124 PEPE in your MetaMask or secure crypto wallet of your choice.
What is the point of owning millions, billions, or trillions of tokens worth one cent of a red Lincoln dime? Why not name these digital currencies something that doesn’t strain your eyes to read and requires a little math to figure out how much they’re worth?
It may make more sense to price these mathematical coins in Bitcoin rather than dollars. Well, not exactly. After all, one Bitcoin is worth around $60,000 on cryptocurrency exchanges this month.
Priced in Bitcoin, mathematical tokens are still no easier for most investors to make sense of. According to data from CoinGecko, one Pepe coin priced in Bitcoin traded for 0.000000000140791 BTC on Monday.
Fortunately, Bitcoin was originally designed by its creator to be split into smaller and smaller amounts as its economy grows. Your Bitcoin is ultimately divisible into one 100 millionth of a Bitcoin, an amount called a satoshi.
At this price, one Pepe Coin is worth 0.014 satoshi at Monday prices. Here’s another ladder from the Kraken exchange. Monday, $10 in US dollars was worth 0.00016 BTC and 16,016 sat.
Cryptocurrency investors instruct each other to “stack those sats” because if the predictions of several Web3 and Wall Street professional investor analysts are on target, ten dollars saved as Bitcoin could be worth one hundred and sixty dollars not too many years from now .
Web 3.0 currencies: conclusion for investors
So what’s the point of having such finely divisible currencies?
Let’s think about the economy of micropayments. Imagine micropayments metered only for what you or your computer uses when using an app or web service. Or get paid this way when others consume and share your content, or even when you see an ad online.
This is just one reason why KAI Cat recently reached the $230,000 milestone in its presale on Ethereum.
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