Pepe Price Explodes 40%, What's The Next Big Meme Coin To Buy
Release: 2024/05/22 00:19 Reading: 530
Excitement has returned to the crypto space, particularly in the memecoin sector, thanks to PEPE's explosive surge over the past two days.
With Bitcoin and other altcoins also gaining momentum, investors are bullish on the meme coin market as a whole, anticipating another significant leg up. This has prompted them to invest heavily in PEPE and similar high-potential memecoin projects, such as Sealana.
Pepe's Price Pumps First - Investors Expect More Projects to Follow the Trend
Pepe has fostered a substantial community over the past few months. It was one of the few leading memecoins that had maintained high engagement rates across its social media channels. Its following has consistently grown, contributing to its recent price surge.
The token featuring a frog mascot traded at $0.0000089 on May 20th, which has since surged to approximately $0.000013, representing a price increase of over 40% in just a single day.
With a market capitalization in the billions, the PEPE token ranks among the largest memecoins in terms of valuation. Despite this, the project has managed to achieve such a significant price spike, reigniting interest and enthusiasm among investors globally, especially within the memecoin category.
Does Pepe's Pump Indicate Another Memecoin Season is Approaching?
Major memecoins like Dogecoin, Shiba Inu, and Bonk have also experienced value spikes, with most seeing an increase of at least 10% in the past 24 hours. This positive sentiment has led to speculation that the market is poised for another major pump, with several other memecoins primed for similar price increases.
The crypto market had been bearish until a few weeks ago, with Bitcoin experiencing a downtrend that touched the $57,000 mark in early May. However, this marked a reversal point, and the price has since seen a gradual increase, with BTC currently trading above $70,000.
Naturally, this has led to growth across the market, resulting in price increases for major altcoins. However, as history has shown, memecoins have consistently attracted the most investors and value as a collective category.
While Pepe's price has cooled slightly since its impressive spike, there is considerable chatter about the potential for another memecoin season. This has prompted many to search for high-potential memecoins that could potentially deliver returns similar to PEPE or even better in the coming weeks.
Popular crypto YouTuber Jacob Crypto Bury has expressed his bullish views on Pepe in his latest video, highlighting it as one of the top meme coins to invest in. He believes that the current "extreme fear" is an opportune time to accumulate this token.
He also discussed Sealana in his video, noting its potential as the next big crypto this season.
Is Sealana Poised to Be the Next Big Meme Coin This Season?
Sealana is one of the most talked-about projects, given the recent surge in Pepe's price.
Inspired by Slothana, Sealana is a minimum-utility meme coin designed to capture the sentiment of degens who are constantly seeking new SOL-based meme coins to invest in.
The project's mascot is a portly seal lounging on a couch and eating pizza, too lazy to care for its health but eagerly awaiting the next best Solana-based meme coin.
This quirky imagery has made Sealana a hit during its ongoing presale, where it has already raised over $2.2 million.
Its viral potential and relatable imagery make it a promising SOL-based meme coin to consider investing in. Interested parties can visit the official website to participate.
Visit Sealana Website
Source: https://thebittimes.com/pepe-price-explodes-40-what-s-the-next-big-meme-coin-to-buy-tbt89192.html
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