New Meme Coin Rises; Will it Mirror Top Coins Like Dogecoin and Pepe?
Every day, lots of memecoins are launched, but most never make it anywhere, or pump for a week and then die down. So unless you’re very early, and are sure the token is genuine, you might be in for a ride to the bottom. GROK anyone? (There are about 20 of them listed on Dextools.io right now).
However, our analysts have discovered a new coin that is exciting and has not even launched yet. We believe that this crypto has the potential to do a Dogecoin or Pepe-style rally, and it has real-world utility, unlike the majority of memecoins.
Like so much in crypto, Dogecoin’s success comes down to the fact that it was early, and that it captured the hearts of many in the crypto community.
This was in part due to it being used for a tipping bot on Reddit, way back when. And later it was pumped by the support of billionaire Elon Musk.
Although Dogecoin hasn’t really seen any development in a long time, it’s still a big cap coin, sitting at number 10 in the list of cryptos by market capitalization – worth $10.5 billion dollars.
Dogecoin hit its all-time high in May 2021 at $0.731578, and while it’s currently only worth around $0.07 now, that’s still a gain of 84,000% from when it was first listed on Coingecko in 2015. (The coin actually launched in 2013, which is proof that to be really early, you need to know about coins before they launch on CoinMarketCap and Coingecko).
At time of writing Dogecoin is up by 22.7%
PEPE, the coin based on the frog-themed meme, hit its high in April this year, making millionaires overnight. Similarly to DOGE, it’s now down by 72% from there, but still up by an impressive 2000% from its listing date on CoinGecko.
Unlike Dogecoin though, it is currently up by a more impressive 73% on the monthly. Why are
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