Pepe Bonk Dogwifhat Surge Has the Bear Market Come to an End
Following a significant downturn that began last week, the cryptocurrency market appears to be on the mend. Major players like Bitcoin (BTC) and Ethereum (ETH) have seen increases of 6% and 4% today, respectively, suggesting that the bear market may be coming to an end.
The most pronounced effects of this recovery can be observed in the meme coin sector, where numerous top performers have surged by double-digit percentages in just the past 24 hours.
### Pepe-Inspired Tokens Surge as Pepe Jumps 13%
The third-largest meme coin globally, Pepe (PEPE), has risen by 13.17% in the last day, now trading at $0.000007523 per token. While its daily trading volume has dipped by 26.42% to approximately $1.63 billion, social media buzz surrounding Pepe remains strong.
Despite this positive movement, Pepe is still grappling with a 34.91% decline over the past week and a 17.99% drop over the last month. Influencers on X (formerly Twitter) like TOP GAINER TODAY, who boasts over 28,000 followers, are optimistic about the token’s potential for growth.
> “$PEPE will reverse from here ✍️”
> — TOP GAINER TODAY (@RoccobullboTTom)
> August 6, 2024
Other tokens inspired by Pepe are also experiencing significant gains. Brett (BRETT) has surged by an impressive 35.25% in the last 24 hours, now priced at $0.09096. This increase can be partly attributed to the rise of its native Base blockchain, and similar trends are evident among smaller Pepe-inspired tokens.
For instance, Hoppy (HOPPY) has skyrocketed by 50.91% to $0.00005568, with a notable 14.06% increase in daily trading volume, now at $4,245,884. The Asian meme coin PeiPei (PEIPEI) has also seen a 43.62% increase over the past day, trading at $0.0000001935.
These developments indicate a robust interest from investors in Pepe-inspired tokens, although they are not the only ones making strides.
### Bonk and Dogwifhat Make a Comeback
The fourth and fifth largest meme coins are also on the rise today, with Dogwifhat (WIF) climbing 9.62% to reach $1.42. It is important to note, however, that the token has faced a substantial drop in daily trading volume, decreasing by 43.05% to $719,289,552. This suggests that investors may be looking for opportunities outside of WIF.
Despite being down 38.06% over the past week and experiencing a 25.85% drop over the last month, long-term investors still see value in WIF, believing it has significant growth potential.
> “All things considered, $MOG and $WIF are holding up alright despite the meltdown. $popcat looks structurally suspect to me. When the market rebounds, these will soar, and you’ll have earned that money by holding through this turmoil.”
> — Gart (@GartGang25)
> August 5, 2024
Another meme token, Bonk (BONK), has seen a 14.49% increase in the last 24 hours. Like WIF, Bonk has also experienced a decline in daily trading volume, which has fallen by 36.80% to $334,503,811. However, Bonk appears to be more stable when examined over longer periods. It is down 24.36% over the past week but has only seen a single-digit decline of 9.34% for the month.
As the market continues to recover, investors are keenly eyeing projects that have successfully raised funds despite the downturn.
### Pepe Unchained Presale Grows as Market Rebounds, Approaching $7.5M
Pepe Unchained (PEPU) is a new layer-2 meme coin aiming to tackle the major challenges facing the Ethereum meme coin landscape. It offers a comprehensive development environment for meme coins, featuring a block explorer, speeds up to 100 times faster than Ethereum, and minimal transaction fees.
Thus far, PEPU has raised over $7.4 million in its presale, with tokens priced at just $0.0089105 each. The project employs a dynamic pricing model, whereby prices increase as more funds are raised or as time progresses.
To assure investors about the safety of their investments, PEPU has undergone two security audits by Coinsult and SolidProof, passing both with flying colors.
Given the success of PEPE, BRETT, HOPPY, and other Pepe-inspired tokens, investors are excited about a project that offers real utility. 99Bitcoins, a YouTube channel with over 700,000 subscribers, has been closely monitoring this project, labeling it the “next Pepe” and forecasting substantial returns.
### Is PEPE UNCHAINED the Next 10X Meme Coin? $PEPU Raises $4,000,000
With only a day remaining until the next price increase for PEPU, investors are urged to act quickly to secure their tokens at the current rate.
Visit Pepe Unchained Presale.