From Jokes to Jackpots: A New Era of Meme Coins on Bitget
In the realm of cryptocurrencies, nothing is static; trends ebb and flow like the tides of a digital sea. After the biting frost of a crypto winter, which saw many digital currencies plunge in value, the landscape seemed barren and desolate. Yet now, as the digital world begins to thaw, an unexpected trend is making an astonishing comeback: meme coins.
When Digital Humor Turned Profit
Is it like a joke, you may ask?
Meme coins are attracting serious investment and attention, stirring a feeling of déjà vu among long-time observers of the cryptocurrency space. Back in 2021, when Dogecoin, the first meme coin created as a joke, skyrocketed in value and became a household name, largely thanks to high-profile endorsements from the likes of Elon Musk. The Dogecoin phenomenon was a moment of peak meme coin mania, with a peak price of $0.739, representing an increase of over 20,000%.
Dogecoin Price Chart
Now, the spark seems to come back. Over the past few weeks, crypto enthusiasts have been pouring money into meme coins. According to Dune Analytics, the trading volume of meme coins in the crypto market saw a massive increase of six times last week, reaching $2.3 billion, which is the highest it has been since May 2021. This is a significant surge from the preceding week's trading volume of $387 million.
Weekly volume in meme coins
Source: Dune Analytics
Are you curious about which meme coins are fueling the current market frenzy on Bitget? Let’s find out.
Pepe (PEPE) - The Audacious Challenger Aiming to Dethrone Dogecoin
Could a frog dethrone the king of meme coin? In the realm of digital finance, where internet memes can turn into billion-dollar assets overnight, the ascent of Pepe (PEPE), an audacious newcomer, is challenging the supremacy of Dogecoin.
Pepe is a meme coin launched on 17 April 2023, with the inspiration of the “Pepe the Frog” meme by Matt Furie. The creators of Pepecoin have cheekily positioned it as "the most memeable meme coin in existence" on its official Twitter feed. Unafraid of stepping on toes, Pepecoin frequently makes veiled digs at Dogecoin and even crafts its own Pepe memes featuring the frog triumphing over other meme coins.
Pepe Market Cap reached $1.65 billion on May 06, 2023.
Its whimsical origins and approach have not hindered its growth, as it quickly climbed the ranks to be one of the top 50 cryptocurrencies being traded according to CoinMarketCap as of May 09. Since its launch, the coin has risen an impressive 7378.89% with the market cap reaching a high of $1.65 billion at one point.
Dejitaru Tsuka (TSUKA) - The Enigmatic Brainchild of SHIB's Founder
Dejitaru Tsuka (TSUKA) is a truly decentralized project created by the elusive founder of SHIB, RyoshiResearch. With no whitepaper, token sale, dev wallet, or tax on transactions, this project is fully distributed and entirely run by the community. TSUKA was first listed on a major exchange in September 2022 by Bitget, and even though it is shrouded in mystery and ciphers, what it has achieved is nothing short of legendary.
SHIB's founder changed his profile photo to Milarepa
The beginning of Dejitaru Tsuka was cryptic, with the founder of SHIB deleting all posts on social media and changing his profile picture to a picture of the highly-regarded Tibetan figure named Milarepa. Around the same time, a token with the ticker TSUKA was launched on Ethereum, and its developer left cryptic messages on the blockchain
And the community noticed it! Despite having nothing on its official website, the official Twitter has reached 30,000 followers, and the market cap went up 47,740 times, from $3,000 to $143.22 million on February 15, 2023. This exponential growth is a testament to the power of the community-driven approach.
For more information on Dejitaru Tsuka, refer to Dejitaru Tsuka (TSUKA) Inspires Decentralization with Tibetan Buddhism.
ArbDoge AI (AIDOGE) - Fusing AI and Memes for Crypto Dominance
ArbDoge AI (AIDOGE)is an exciting new project within the Arbitrum ecosystem that merges AI and memes to create a unique crypto experience. The AIDOGE is the backbone of the ArbDoge AI community, and it is distributed solely to community members. This deflationary token has a supply of 210,000,000,000,000,000, and whenever you purchase AIDOGE, you'll get a Lucky Drop ticket that gives you a chance to win ARB, Arbitrum’s main token.
Impressive Statistics of ArbDoge AI as of May 10, 2023
Source: ArbDoge A website
ArbDoge AI is not just another meme coin! It was created by a large group of AI organisms with a passion for the Arbitrum platform. They aim to develop a product line that fuses web3 and AI, with the ultimate goal of expanding Arbitrum's functionality for the benefit of the community. AICODE is another token that the team is producing as part of their ArbCity project, which is a virtual destination for community members to spend time.
Floki Inu (FLOKI): From Meme Coin to 'The People's Crypto'
In June 2021, a tweet from tech mogul Elon Musk ignited a new wave in the already turbulent seas of cryptocurrency. He announced that he would name his pet Shiba Inu "Floki," leading to the birth of the Floki Inu coin. Initially conceived as a dog-themed meme coin, much like Dogecoin, Floki Inu, now simply known as Floki, has since evolved into something far more substantial.
Elon Musk's tweet made FLOKI go viral.
FLOKI is an ERC-20 and BEP-20 compliant token. This dual compatibility means that it operates on both the Ethereum and Binance Smart Chain (BSC) blockchains. The multi-chain nature of the token provides flexibility, allowing users to easily perform a 1:1 FLOKI swap on the ETH-BSC bridge via atomic swaps. Floki has received recognition from NASDAQ as one of the best metaverse currencies to buy in 2022.
The creators of Floki envisage it as a movement, not just a meme coin. Their vision to construct schools in underdeveloped countries is a testament to the project's commitment to social betterment. Floki's evolution, growth, and future plans serve as an example of how cryptocurrencies can create a tangible impact in the real world, far beyond the digital realms they inhabit.
Disclaimer: All investment strategies and investments are subject to the risk of loss. Nothing contained in this article should be construed as investment advice. Users are strongly advised to do their due diligence and invest at your own risk.
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