Meme Coin Mania: New Cryptocurrencies Doge Uprising, Pepe Coin, and Wall Street Memes Are Changing The Game
Despite all the crypto controversy of 2023, there’s no doubt that it has been a fantastic year for meme coins. Trading volumes have soared to a two-year high and some new cryptos even made it to the top 100. Pepe Coin ($PEPE) took meme coins back to their simple roots, copying the genesis of Dogecoin by releasing a throwback meme of 2016’s ‘Pepe the Frog’ and letting the community take it from there. Meanwhile, Wall Street Memes ($WSM) released a coin, after popular demand from the creator’s NFT collection Wall St Bulls, and raised over $13M in just a couple of months.
Now, Doge Uprising ($DUP) is blending a defiant spirit with an immersive world and their $DUP token, leading the charge into the meme coin crypto world. Hoping to redefine the crypto meme space, Doge Uprising promises to be a coin that’s here to stay, repeating the successes of Pepe Coin and Wall Street Memes in Q4 of 2023.
After its launch on 16th April 2023, Pepe Coin leapt by nearly 7,000% over the following 17 days. By May 5th, the coin had a market value of $1.8B. This huge rate of success sparked widespread investor interest in meme coins as a whole, and trading volumes jumped from $408,000 to $2.6B in only one week.
But why Pepe Coin specifically? The Pepe Coin frenzy came right as Bitcoin was starting to stall and investors were looking elsewhere. When the mainstream market is looking unstable, traders will often shift their focus onto the smaller coins launching in the space. Interestingly, Pepe Coin is self-proclaimed ‘completely useless’. The project was launched for the people without any formal team or roadmap in place for its future. Just like Dogecoin, this crypto has been made for community entertainment purposes only. However, one move that
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