Pepe Bonk and Dogwifhat Surge Signs of the Bear Markets End
Following a significant downturn that began last week, the market appears to be making a recovery. Major cryptocurrencies such as BTC and ETH have risen by 6% and 4% today, respectively, indicating that the bear market may be coming to an end.
This resurgence is particularly evident within the meme coin sector, where nearly all leading tokens have experienced gains in the double digits over the past 24 hours.
Pepe-Inspired Tokens Surge as Pepe Climbs 13%
Pepe (PEPE), the third-largest meme coin globally, has seen a remarkable increase of 13.17% in the last 24 hours, now trading at $0.000007523 per token. Although daily trading volume has dropped by 26.42% to $1,632,797,257, excitement around Pepe remains high on social media.
Yet, Pepe still faces challenges, having decreased by 34.91% over the past week and 17.99% over the last month. Influencers on X (formerly Twitter), such as TOP GAINER TODAY with over 28,000 followers, are optimistic about the token’s future growth.
$PEPE
will reverse from here ✍️
pic.twitter.com/7sAzUOq8I5
— TOP GAINER TODAY (@RoccobullboTTom)
August 6, 2024
Other tokens inspired by Pepe are also on the rise, with Brett (BRETT) experiencing a substantial spike of 35.25% in the last 24 hours, reaching a price of $0.09096. This surge is partly attributed to the success of its native Base blockchain, but smaller Pepe-inspired tokens are also thriving.
For instance, Hoppy (HOPPY) surged by 50.91% to $0.00005568, accompanied by a 14.06% increase in daily trading volume to $4,245,884. The Asian Pepe, PeiPei (PEIPEI), also made significant strides, climbing 43.62% over the past day to trade at $0.0000001935.
This demonstrates a strong interest from investors in Pepe-themed tokens, though they are not the only ones witnessing growth.
Bonk and Dogwifhat See Double-Digit Gains
The fourth and fifth largest meme coins are also experiencing an uptrend today. Dogwifhat (WIF) has increased by 9.62% to $1.42 per token, though it has seen a notable decline in daily trading volume, which has fallen by 43.05% to $719,289,552. This suggests that investors are cooling off on WIF and exploring other opportunities.
Despite being down 38.06% over the past week and losing more than 25% of its value over the last month (25.85%), long-term investors still see significant potential in WIF.
Overall,
$MOG
and
$WIF
are holding up reasonably well despite the recent market turmoil.
$popcat
seems structurally more vulnerable to me. Once the market rebounds, these coins are poised to soar, and those who have weathered this storm will see great returns.
pic.twitter.com/QGZplnf0Ed
— Gart (@GartGang25)
August 5, 2024
Bonk (BONK), another dog-themed token, has risen by 14.49% in the last 24 hours. Similar to WIF, Bonk has also seen a drop in daily trading volume, with a decrease of 36.80% to $334,503,811. However, Bonk appears more stable when viewed over longer timeframes, being down only 24.36% over the past week and just 9.34% over the month.
As the market stabilizes, investors are focusing on projects that have successfully secured funding despite the downturn.
Pepe Unchained Presale Approaches $7.5 Million as Market Recovers
Pepe Unchained (PEPU) is an innovative layer 2 meme coin aimed at addressing the significant challenges in the Ethereum meme coin landscape. It offers a comprehensive development environment for meme coins, boasting a block explorer, speeds 100 times faster than Ethereum, and low transaction fees.
To date, PEPU has raised over $7.4 million in its presale, with tokens priced at just $0.0089105 each. The pricing model for Pepe Unchained is dynamic, with token prices increasing as more funds are raised or time elapses.
To reassure investors about the security of their investments, PEPU has undergone and passed two audits from Coinsult and SolidProof.
With the success of PEPE, BRETT, HOPPY, and other Pepe-inspired tokens, investors are eager for a project that promises real utility. The YouTube channel 99Bitcoins, boasting over 700,000 subscribers, has been closely monitoring the initiative, dubbing it the “next Pepe” with expectations of significant returns.
Is PEPE UNCHAINED The Next 10X Meme Coin? $PEPU Raises $4,000,000
With only one day remaining until the next price hike for PEPU, investors must act swiftly to take advantage of the current pricing.
Visit Pepe Unchained Presale
