Pepe Price Continues To Surge, Will Dogeverse be the Next Meme Coin to Explode?
The post Pepe Price Continues To Surge, Will Dogeverse be the Next Meme Coin to Explode? appeared first on Coinpedia Fintech News
Meme coin season is resurfacing and Pepe is leading the way, up over 20% today. However, the frenzy does not end with Pepe. Many emerging projects are also gaining pace, and the new presale Dogeverse displays huge potential after raising $15 million.
Pepe Primed as Bull Market Cycle’s Strongest Meme Coin
While Dogecoin and Shiba Inu dominated the memetic front of 2021’s bull run, analysts expect Pepe to spearhead this cycle as it displays relative strength against other large-cap meme coins.
Currently, Pepe is trading at $0.00001329, up 19% today, 20% this week, and 105% this month. It currently holds a $5.5 billion market cap and a $4 billion 24-hour trading volume, up 83% today.
By market cap, Pepe is the third-largest meme coin and 22nd-largest cryptocurrency. However, by trading volume, it is the largest meme coin and the sixth-largest cryptocurrency.
Indeed, this significant trading volume reflects an intense market interest in Pepe, something also reflected in the opinions of leading analysts.
For instance, Zer0 recently speculated that Pepe will “flip” Shiba Inu in this market cycle. The analyst is referring to Pepe overtaking Shiba Inu by market cap.
Currently, Pepe has room for almost a 3x to catch Shiba Inu’s $15 billion market cap.
$PEPE flipping $SHIB feels like a no-brainer trade at this point
— Zer0
Time for new memes to claim the throne $DOGE however, will stay evergreen imo(@degengambleh) May 22, 2024
Meanwhile, meme coin trader Davie Satoshi underscored Pepe’s recent accelerating momentum, noting that it has recently formed two of its largest bullish candles in history.
The analyst speculates that it could experience even more growth in the coming days and suggests that it will create a “god candle.”
In another tweet, Davie Satoshi highlighted the potential for Coinbase to list Pepe.
“What is Coinbase waiting for? PEPE is about to crack the top 20, and look at who’s right in front of its path! Polygon, Litecoin, Chainlink, etc. Pepe is no longer a joke. It’s very, very real,” he wrote.
Indeed, given Pepe’s accelerating momentum, a Coinbase listing could amplify its parabolic trajectory, potentially catalyzing the “god candle” that Davie Satoshi referred to.
But while Pepe is leading the way among large-cap meme coins, trending presale Dogeverse is gearing up for an explosive exchange launch after raising $15 million.
Is Dogeverse the Next Meme Coin to Explode After Raising $15M?
Dogeverse is the first meme coin to go multichain and launch on crypto’s six hottest smart contract-enabled blockchains.
The project harnesses Wormhole and Portal Bridge’s technology and is available on Ethereum, Solana, Base, BSC, Avalanche, and Polygon.
This multichain approach provides a unique narrative to Dogeverse and opens it to a vast potential audience.
What’s more, it bypasses the Achilles heel of on-chain meme coins, which is users migrating between networks. Since Dogeverse is available across all leading meme coin markets, it benefits no matter which chain is trending at that time.
In addition, Dogeverse has introduced a staking layer that rewards holders for contributing to the token’s stability. It currently provides a 53% APY, but this will decrease as the staking pool grows.
Alongside its immense support from investors, prominent industry figures are also rallying behind the project.
In a recent video, the 99Bitcoins YouTube channel said it could be the “best crypto to buy now” and that it holds 100x potential.
However, having already raised over $15 million, the Dogeverse presale is entering its final stages. As such, potential buyers should act fast to not miss out.
