Pepe Meme Coins Gain Momentum as Pepe Coin Climbs 24% and Traders Eye Low Cap Altcoin Alternative Pepe Unchained for 500x
The post Pepe Meme Coins Gain Momentum as Pepe Coin Climbs 24% and Traders Eye Low Cap Altcoin Alternative Pepe Unchained for 500x appeared on BitcoinEthereumNews.com.
Advertisement     Pepe Coin rallies 24% as meme coin market heats up, with Pepe Unchained emerging as a potential low-cap alternative. Meme coin season has once again captured attention, showcasing remarkable resilience amidst market volatility. The Ethereum-based Pepecoin (PEPE) leads the charge, which has experienced a significant surge of over 24% following a recent downturn. As markets globally grapple with uncertainty, adherents increasingly turn to alternative assets like meme coins, which are perceived as high-risk and high-reward opportunities. This renewed interest in meme coins has bolstered PEPE and shone a spotlight on a promising low-cap altcoin, Pepe Unchained (PEPU), which is being touted as the next Pepe Coin. The Rise of Pepe Coin and Meme Coins Pepecoin (PEPE) has made a noteworthy comeback, climbing 24% to $0.0000007673, effectively recovering from Monday’s losses. Despite the token’s market capitalisation of approximately $3.22 billion, PEPE remains down by 35% over the past week. Advertisement   However, the recent rebound has reignited interest in meme coins, especially those with frog-themed branding. This surge aligns with a broader trend of meme coins bouncing back from a challenging start to the week, which saw many assets plummet due to geopolitical and uncertainties. Other meme coins have mirrored PEPE’s recovery. BONK, a leading meme coin on the Solana network, climbed nearly 18%, trading at $0.00001956 with a market capitalisation of $1.3 billion. Similarly, Dogwifhat (WIF) saw gains of over 14%, reaching a market cap of $1.4 billion, despite a 40% drop in the past week. Ethereum’s Shiba Inu (SHIB) also rose 18.4%, reaching a market cap of $7.9 billion. Among these, Brett (BRETT), a meme coin based on a character by Pepe the Frog artist Matt Furie, increased by 46%, achieving a market cap of $919 million. The meme coin rally is in line with a…
Filed under: News - @ August 9, 2024 4:16 pm