Even in the midst of the current cryptocurrency rally, memecoins like PEPE, DOGE (Dogecoin), and SHIB (Shiba Inu) haven’t been left behind. These tokens have seen impressive double-digit gains over the past week.
Amid the ongoing crypto rally, popular memecoins are also making significant gains, joining heavyweight assets like Bitcoin and Ethereum. Leading the charge is Pepecoin, a frog-themed cryptocurrency, which has experienced a remarkable overnight surge of nearly 14%.
During the ongoing crypto rally, some popular memecoins have also seen significant gains alongside heavyweight assets like Bitcoin and Ethereum. Leading the pack is Pepecoin, a cryptocurrency inspired by the Pepe the Frog meme. While Pepecoin’s value is still measured in fractions of a penny at $0.00000120 per CoinGecko, it has surged approximately 90% over the past week and nearly 14% overnight.
Pepe the Frog became a widely recognized meme but was controversially adopted by the alt-right political movement and parts of the crypto community. To assert his ownership, the character’s creator, Matt Furie, issued a series of NFTs. However, the token’s financial success soon overshadowed its origins, with some investors seeing dramatic returns.
Dogecoin, another popular memecoin, has also seen gains in the latest rally, rising by double digits, reaching $0.73 at the time of writing. Over the week, Dogecoin has surged by 25%.
Shiba Inu, following the dog-themed trend, experienced a 7% overnight jump and an 18% increase since last Thursday. Meanwhile, FLOKI, another dog-themed coin, has risen over 20% in the day and 70% in the week.
Despite these rallies, it’s important to note that most assets, even those that have seen substantial gains, are still far from their all-time highs. For instance, Solana (SOL) would need to rise another 87% to reach its 2021 all-time high.
Pepecoin, Dogecoin, and Shiba Inu would require significant increases of 90% to reclaim their previous all-time highs.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
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