Memecoins Are Dead? Crypto Millionaire Shares His Next 50x Ride As Dogecoin And PEPE Approach Peak
The post Memecoins Are Dead? Crypto Millionaire Shares His Next 50x Ride As Dogecoin And PEPE Approach Peak appeared on BitcoinEthereumNews.com.
Fortunes are made and lost on the wild rollercoaster ride that is cryptocurrency. Memecoins, including DOGE and PEPE, have been investor darlings, with tokens going to the moon after a viral moment and an online community supporting them. But as the hype cycle wanes, serious investors seem to be re-evaluating where the real opportunities lie. One beautiful project right now is DTX Exchange, all thanks to its unique value offering and innovation as a multi-asset trading platform. As such, notable crypto traders are identifying this asset as one with immense potential to deliver up to 50 times its initial value. Dogecoin (DOGE): Is the Original Memecoin’s Magic Waning With its cute dog mascot and generally light-hearted origins, Dogecoin was sent to fame during the 2021 bull run, even finding high-profile endorsers like Elon Musk. However, DOGE’s landscape has changed. The token, though in the top cryptocurrencies by market capitalization, now grapples with practical applications beyond internet culture. Currently, Dogecoin price is around $0.34, which from a high of $0.74 remains shadowy. Yet, while some market enthusiasts have gone into overdrive with their doom-and-gloom prognosis, Dogecoin’s prospects are not quite as finally done and dusted. Not more than a couple of weeks ago, Dogecoin price went over $0.43, and, despite corrections, it has still shown slight growth in the past few hours to trade at its current price. More substantive partnerships, like it started with companies like Tesla and YouTube, could prevent investors from questioning its long-term viability. PEPE: A Flash in the Pan or Here to Stay? PEPE rose in the memecoin space thanks to social media attention. That catapulted the token into the top 30 cryptocurrencies, riding high on a surge of speculative fervor. In any case, PEPE is still hanging on, trading around $0.000014, and is resilient against…
Filed under: News - @ February 3, 2025 12:11 am