In this crypto season, meme coins are benefiting the crypto community more than Bitcoin and Altcoins. This cycle has seen the rise of many meme tokens. Let’s look at three meme coins that are becoming very popular.
PeiPei
We’ve talked about this token before. It came into existence a month ago and is becoming very famous in the meme community. This red frog token, based on Pepe, has grown over 28,000% in a month. Its market cap has reached $139.01M, and it’s currently trading at $0.063279.
Analytical tools show its major zone is around $0.062502, and the RSI indicates it is oversold. This suggests PeiPei might see a healthy price correction. The project’s Twitter handle has 17k followers. PeiPei is ranked third among top trending coins, behind Bitcoin and Render.
Its trading volume has increased by 49.77% in the past seven days. While the charts of the other two coins are in the red, PeiPei’s chart is green.
PEPU
Pepe Unchained is currently the hottest pre-sale. It has raised $3 million so far. Despite the website stating that this coin is only for laughs, the pre sale performance suggests the community is taking it seriously.
The fundraising speed indicates that it has attracted both retail investors and crypto whales. The pre-sale price is $0.0083591, and 273M PEPU tokens have been staked.
According to the official website, the current staking reward is 608.82 PEPU per ETH block.
PEPU’s popularity stems from its whitepaper, which outlines PEPU as a layer 2 solution built on the ETH ecosystem to offer enhanced speed and reduced fees.
BONK
Bonk is a dog themed Solana-based meme coin that has outperformed Dogewifhat. Since its launch in December 2022, Bonk token has given its investors a return of 586,888.94% at its peak in March 2024. Many meme coins claim to go 500x, but Bonk has actually delivered.
It is currently trading at $0.00002420 with a market cap of $1.67B. On social media, its official Twitter handle has a community of 325.5k followers. The charts indicate that this dog token is in the mood for some correction. Given its rise over the past six months, who knows, it might go 500x from here as well.
Conclusion
Currently, the total market cap of meme coins is $42B. In 2021, even when there were fewer meme coins, the market cap was almost $90B.
Back then, meme coins had more staying power, but now some meme coin developers make a little money and then abandon the community. Therefore, it’s important to thoroughly research any meme coin before investing. And remember, only invest as much as you can afford to lose.
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