Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: Trung Duc on June 26, 2023, 05:22:56 AM
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May was an explosive month for the memecoin market, and the most notable name in this frenzy was Pepe, which played a significant role in eradicating the boredom that had plagued the memecoin market the previous month. So, what did Pepe do to shake up the memecoin market?
First, let's briefly explore this earthquake called Pepe. Pepe (PEPE) is a death meme token, an ERC-20 memecoin inspired by the famous Pepe the Frog meme created by Matt Furie. The PEPE token was created on April 14, 2023, and rapidly gained traction as its price surpassed a market capitalization of $100 million on April 19, 2023. On that day alone, the token traded for over $90 million on Uniswap.
While people were still murmuring about "Altcoin season," this frog emerged from somewhere and overshadowed two renowned memecoins, Doge and Shiba. Along with this, it experienced a staggering surge of 21,000% in just three days after its launch, with a trading volume of $30 million. Initially perceived as a joke, Pepe delivered a harsh blow to investors, and it continued to thrive for a considerable period before cooling down. At present, the hype surrounding Pepe is as strong as the freezing temperature in your home's refrigerator.
So, what does this article mean? Can memecoins be beneficial to you?
In reality, memecoins are nothing more than a joke and cannot transform into anything else. However, it is undeniable that through the recent memecoin frenzy, I realized that memecoins could be the missing puzzle piece, the key to leading me down the path of "spending money like water." You invest a few hundred dollars and within a few days, you receive a sum of money that is no different from the "treasure of a pirate king in One Piece," something you never thought you would lay eyes on in your lifetime.
This article is not intended to advertise any particular coin. It's simply meant to convey that if you can understand it the way I did, I hope you can have a different perspective in this memecoin market.
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Lmao Pepe has just surged nearly 90% in the previous day.
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If I had bought $100 the day before, I would probably have a few thousand dollars by now.
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Yes pepe or memecoin is so good, look at what we have with memecoins! A man invested just over $400, and now he's a billionaire. That's truly astonishing.
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Okay i just wanna say: MEMECOIN really really bad serious trust me guys
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Pepe, Doge, Shiba is a memecoin but i dont think that. I think this a same altcoin so what do you thing?
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In airdrop you can make so much token free and when this token pump you have a lot money 8)
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Yeah we know memecoin is good not too bad but this is have so much scamer is big problem
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Starting off like other memecoins, but eventually achieving a market capitalization of $1.7 billion, that's a figure that many memecoins and even other altcoins find hard to reach. It's truly astonishing.
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Memcoins are not to be taken seriously because you can make money on them quickly and lose it quickly. Also with giveaways, for example there is now a web3 quest from TFS token, there you can participate in their games and events and easily get a share of the prize fund of 3k dollars. As if all this is simple and not convoluted, which does not require you to have investment skills