Memecoins
Pepe destroys Dogecoin and becomes the new king of crypto memecoins!
Tue June 11, 2024 ▪ 3 min read ▪ by Eddy S.
In the bustling crypto arena, an unlikely newcomer has made a sensational debut in 2024. Pepe, the memecoin depicting a mischievous frog, has defied all odds to become one of the hottest players in the crypto market. cryptography. Riding a wave of popularity, it has managed to eclipse heavyweights like Dogecoin and Shiba Inu, attracting the attention of investors around the world!
The irresistible rise of a crypto outsider
When Pepe entered the crypto market, few people would have bet on his success. Yet this lovely memecoin quickly gained momentum, climbing the ranks to become the third largest capitalization among memecoins.
With a staggering increase of over 10 times since the start of the year, Pepe has managed to surpass established giants of the crypto industry like Dogecoin and Shiba Inu! Indeed, the frog meme outperformed them in terms of trading volume during the period. last 24 hoursbecoming the new king of memecoins.
A loyal and passionate crypto community
Behind Pepe’s resounding success lies a new kind of community of crypto fans and investors. Far from the traditional players in the financial markets, it is thousands of enthusiasts, attracted by the fun and offbeat aspect of memecoin, who have propelled its value.
Gathered around online forums and social groups, these Pepe enthusiasts have demonstrated unwavering commitment and loyalty, continually fueling interest in their favorite crypto. This is evidenced by the 0.02% increase in Pepe holdings by long-term investors over the last 24 hours.
However, Despite a recent 23% correction after hitting an all-time high of $0.0000167 in late May, the outlook for Pepe remains decidedly positive. Some industry experts are urging crypto investors to take a long-term view.
Whether we love it or deplore it, the Pepe phenomenon marks the year 2024 in the crypto sector. In just a few months, this unlikely memecoin has gone from joke status to serious contender, upsetting established giants in the process.
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Eddy S.
The world is evolving and adaptation is the best weapon to survive in this undulating universe. Basically a crypto community manager, I am interested in everything directly or indirectly related to blockchain and its derivatives. In order to share my experience and raise awareness of a field that fascinates me, there is nothing better than writing articles that are informative and relaxed at the same time.
DISCLAIMER
The views, thoughts and opinions expressed in this article belong solely to the author and should not be considered investment advice. Do your own research before making any investment decisions.