As a researcher with experience in the cryptocurrency market, I’m closely monitoring the latest developments in the meme coin space, particularly Pepe and Dogeverse. Based on my analysis of the data, I believe that Pepe’s strong correlation to Ethereum is a significant factor driving its recent success.
According to CoinGecko’s latest data, Pepe coin reached a new peak price of $0.0000127 on Tuesday.
More importantly, the meme coin reached a $5 billion market cap for the first time in its history.
Experts predict that the price of Pepe will likely keep rising, given its close connection to Ethereum‘s price trend.
As a researcher studying the cryptocurrency market, I’ve noticed that investors with a focus on low-capitalization coins are persistently on the lookout for the next potential 100x meme token. Among the current frontrunners, Dogeverse has garnered significant attention.
Pepe Shows Strong Correlation to Ethereum – Will It Flip Shiba Inu?
During this current bull market, Pepe Coin has shown superior performance compared to Dogecoin and Shiba Inu, with noticeably increased large-scale investor engagement.
While the Pepe price is up by over 600% over the past year, Shiba Inu has rallied by 200%.
As an analyst, I would express it this way: My analysis reveals that Pepe’s robust performance shouldn’t be taken lightly. Given its status as the largest ERC-20 meme coin, it has been functioning as a sort of “amplified Ethereum.” This means that it provides significantly greater returns in the same direction as Ethereum.
As a crypto investor, I’ve noticed that the price actions of popular meme coins like Dogwifhat and Bonk on the Solana network aren’t isolated incidents during this bull market. Instead, they serve as valuable indicators or precursors to broader Solana trends.
Given the imminent approval of an Ethereum ETF, some analysts predict that Ethereum could reach a peak price of $10,000. If this happens, it wouldn’t be shocking if Pepe, the top-performing meme coin at present, surpassed Shiba Inu in terms of market value.
Popular crypto investor Mando (@rektmando) quickly purchased Pepe coin right after hearing the news about the Ethereum ETF approval.
the first thing i snap bought on the ETH news was $PEPEthe next thing I’m buying is SOL & SOL memes
— Mando (@rektmando) May 20, 2024
As a crypto investor who has been following the market closely, I’ve come across another investor named Blockgraze, who was among the earliest investors in $WIF. He holds a strong bullish view on Pepe and believes that investing all-in in this cryptocurrency could potentially outperform 99% of the current market.
As a crypto investor, I’ve been following the potential of Pepe for the long term based on various data points. One particularly intriguing piece of information comes from Lookonchain. This platform has uncovered an astounding transformation of one initial investment. A single investor, who initially bought only $83 worth of $PEPE, is now sitting on a fortune worth over $80 million. Remarkably, this substantial gain was achieved solely by holding onto their Pepe tokens without selling them.
As a researcher, I’ve come across an intriguing discovery: the price of $PEPE has reached a new record high. An astute diamond trader turned his initial investment of $83 into a staggering fortune worth $79.4 million by holding onto $PEPE. This represents a mind-boggling gain of over 958,580 times his original investment!
— Lookonchain (@lookonchain) May 21, 2024
Could Dogeverse Be The Next 100x Meme Coin?
The up-and-coming meme cryptocurrency Dogeverse has captured the interest of investors, amassing over $15 million during its ongoing presale.
The excitement about the new project is well-deserved. It’s a unique meme coin that debuted on six different blockchain platforms: Ethereum, Solana, Polygon, Binance Smart Chain, Base, and Avalanche.
Mentioned before, meme coins derive significant value from their associated native tokens and thrive on their bullish trends. For instance, Dogeverse may gain from the surge of as many as five distinct native tokens, an innovative approach potentially leading the next industry wave.
After being established as a multi-chain project, Dogeverse has the capability to dominate the meme coin market upon its debut. The token will be accessible on renowned decentralized exchanges (DEX) and centralized exchanges (CEX) of each respective chain, generating substantial interest and amplifying its price growth potential.
There are compelling reasons why well-known cryptocurrency investors like TodayTrader have high expectations for Dogeverse, anticipating potential returns of up to 1000 times the investment after its launch.
Visit Dogeverse Presale
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2024-05-21 19:33