Whether Dogecoin, Bonk, or dogwifhat: the prices of memecoins have exploded since the beginning of the year. Returns of hundreds or even thousands of percent are not uncommon these days. At the forefront: Pepe.
Memecoins were one of the big trends in the 2021 bull market. Fun currencies with funny motifs of dogs and cats went viral and sparked enthusiasm on social networks.
Celebrities like Elon Musk and Snoop Dogg were also fans of memecoins and contributed to the big rush for tokens like Dogecoin and Shiba Inu. The prices of these cryptocurrencies exploded by hundreds and sometimes thousands of percent.
Only after the big hype was the memecoin Pepe launched in 2023 and recorded enormous price gains within a very short period of time. The market capitalization quickly climbed to as much as $1.6 billion.
The deflationary token on the Ethereum blockchain pays homage to the internet meme Pepe the Frog. This was created by Matt Furie and became popular in the early 2000s. Accordingly, a frog adorns the logo of the cryptocurrency.
Pepe openly presents itself as a fun currency that is absolutely geared towards the community spirit and already has a large fan base on social networks. Pepe has around 570,000 followers on his official X account.
Pepe Memecoin already up 600 percent
After a phase of correction, Pepe and the other memecoins are now making an impressive comeback. They are one of the cryptocurrencies with the highest price increases these days and bring investors returns that dwarf investments in Bitcoin. The next memecoin season is already being announced and many are Investors are therefore currently buying cryptocurrencies from Anycoin Directwhere new customers receive a bonus of 1.5 million Pepe.
The Pepe Token is an example of the enormous potential of memecoins for investors. The price has risen by more than 600 percent in just one month.
At times, the memecoin was even able to increase by more than 900 percent compared to the prices at the beginning of February 2024. Anyone who bought Pepe Tokens for just $0.0000006 at the low point in September 2023 has now even achieved a return of 1,000 percent.
Is the memecoin rally just beginning?
Even though the growth is already enormous, the memecoin could still offer further potential for investors. The demand for Pepe on crypto exchanges like Anycoin Direct rises and rises.
If you compare the current rally of memecoins with the previous bull market, there still seems to be room for improvement. Shiba Inu, for example, rose by more than 1,600 percent between September and October 2021 alone. Dogecoin also increased by 1,200 percent between April and May 2021.
Perhaps Pepe and other memecoins will be carried even higher by the euphoric market sentiment in this bull market. This is supported by the fact that the Bitcoin price recently reached a new all-time high, although the halving that many investors had hoped for has not yet taken place, which is seen as a catalyst for a new rally due to the shortage of supply.
Pepe: High demand on Anycoin Direct
Riding on the wave of ETF hype, well-known investors are making very bullish forecasts. Billionaire Mike Novogratz, for example, expects BTC prices of up to $150,000. Mememcoins should also benefit from this. Santiment’s data analysts are already reporting an increased trading volume of up to 3,000 percent of individual memecoins.
That’s why it might be worth getting involved in the memecoin rally now. There is a new customer bonus on Anycoin direct exclusively for BTC Echo readers. Anyone who registers now will receive 1.5 million Pepe Tokens for free when purchasing a cryptocurrency.
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