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The crypto space was for more than four weeks stormed by a viral meme coin, Pepe (PEPE) as the fear of missing out (FOMO) spread like wildfire among investors who wished to replicate gains similar to Shiba Inu (SHIB) in 2021.
According to Olga Kharif, Bloomberg’s writer, meme coins are “crypto assets that can be inspired by viral images and memes and attract loyal social-media communities but otherwise lack in inherent utility — soared in recent days.”
Pepe, a newfangled amphibian-themed token, led the pack in late April and in early May, spurring frenzied speculation thanks to its targeted promotion on Twitter before and after its launch.
As the hype continued to pump its price astronomically higher, Pepe’s market share peaked at $1.6 billion on May 5, the highest milestone before investors began booking profits, reversing its course by as much as 70% in succeeding days.
Pepe Trading 60% Below ATH
According to price data by CoinGecko, Pepe is trading at $0.00000168, down 3.5% in 24 hours and 60% from its all-time high (ATH) of $0.00000431. Its market cap is down to $700 million with a trading volume of $290 million in the last 24 hours.
While some investors bagged significant gains, many are counting losses, especially those who joined the hype a little too late. The ill-fated frog played out as a textbook meme coin would do, pumping and dumping soon after.
$pepe is down 70% in a week.
It has lost a billion in market cap.
Life comes at you fast. pic.twitter.com/XpSSbgupFX
— Lark Davis (@TheCryptoLark) May 11, 2023
According to Kyle Doane, a trader at Arca, a digital asset management firm, meme coin hype builds as speculators, those willing to take bigger risks sell some of their Bitcoin (BTC) and Ethereum (ETH) holdings to buy tokens like PEPE.
These speculators tend to time the peak and sell their massively accrued meme tokens (dumping) as the hype fades. At this point, it is usually inevitable to prevent prices from plunging, leading to unimaginable losses for most traders and investors.
“At the end of the day it’s a lottery ticket,” said Doane, who doesn’t trade Pepe. “That type of trading is basically a centralized casino.”
No one knows if Pepe can repeat its meteoric rise because “when the buzz disappears and the hype dissipates, the value tends to plummet and investors can suffer significant losses,” said Joe Rotunda, director of the enforcement division at Texas State Securities Board. “It’s like musical chairs – when the music stops, investors often can’t find a safe place to land. Except investing isn’t a game, losses can be far too real.”
That said, in this article we are going to dissect the market for shitcoins that are likely to rally, taking over from Pepe. Some of the meme coins listed here are already trading on various exchanges while some are still in their presale stages, allowing investors to claim a piece of the cake while prices are still heavily discounted.
BOB Plunges 30% In 24 Hours – Time to Buy?
BOB (BOB) is a crypto token that has been gaining popularity in the cryptocurrency market in recent months. It functions as decentralized finance (DeFi) project that aims to provide a solution to the problem of liquidity in the market.
The token executes on the Binance Smart Chain and uses a unique tokenomics model that allows for sustainable growth and liquidity provision.
BOB stands out from its peers due to its focus on community-driven development and transparency. This project has a strong community that is actively involved in the decision-making process and the development of new features.
In addition to that BOB has a deflationary mechanism built into its tokenomics, which helps to maintain a stable and sustainable price.
BOB has in recent months been attracting a diverse range of investors, including eco investors, social investors, crypto investors, and business investment groups, suggesting that the project has a broad appeal and is seen as a promising investment opportunity.
According to data from CoinMarketCap, BOB is trading at $0.00005395, although it has shed 30% of its value in 24 hours. The token boasts $38 million in market capitalization and $14 million in its 24-hour trading volume.
BOB exhibits a bearish sentiment on the four-hour chart, trading below both the daily open of $0.00006223 and the weekly open of $0.00007054. If declines continue, traders can anticipate support at the monthly open around $0.00004631. If push comes to shove BOB will retest last week’s support around $0.000035.
Overall, BOB is a unique crypto token that offers a solution to the liquidity problem in the DeFi market. It’s community-driven development and deflationary tokenomics make it stand out among its peers, and its broad appeal to different types of investors suggests that it has a promising future.
Pepechain Price On The Move As PC Explodes 62%
Pepechain is trading at $0.0027 following an incredible 62% bullish move in 24 hours. The meme coin variant of Pepe (PEPE) boasts a market cap of $1.9 million and a trading volume of $182,000.
According to the team behind this meme token, Pepechain “exists as an EVM-compatible Blockchain that will facilitate the growth and interactions in the Pepe ecosystem.”
The network was built to meet the precise needs of the Pepe economy’s NFT, dApp, and DeFi ecosystems.
Some of the features that distinguish PC from its peers include the ability to offer fast transaction speeds, cost-effectiveness, EVM compatibility, and a user-friendly interface.
“From DeFi to NFT and GameFi, we plan to guide founders into launching profitable projects. The entire Web3 community is set to witness a radical influx of high-quality projects through the Pepechain,” the team said via the website. “The entire Web3 community is set to witness a radical influx of high-quality projects through the Pepechain; we are changing the narratives.”
Elon Musk Nosedives 45% to $0.000035
Elon Musk (MUSK), the token that debuted in April 2023 has embarked on a major downtrend a few weeks after climbing to $0.00. Exchanging hands at $0.00003499, the MUSK token appears to have failed at tapping on the meme coin frenzy as seen with the likes of PEPE.
Since the all-time high, MUSK has plunged 96%, although it maintains a 25% gain above its all-time low of $0.00002789.
According to the official website, “MUSK represents the essence of blockchain technology as a token. A maximum supply of 10 billion (10,000,000,000) $MUSK tokens is available.”
The team behind the project is thriving to build the supreme meme coin in the image of Tesla’s CEO Elon Musk.
Transactions on MUSK do not attract any tax, as the token hopes to maintain complete decentralization. The token is “designed for the general public and spearheaded by the community.”
Lambo Price in The Red but Is it Worth Buying?
LAMBO (LAMBO) is a crypto token that continues to gain popularity in the crypto market. It is an ERC-20 token launched in March 2021 and is built to execute on the Ethereum blockchain.
The token was created to give people a chance to own a part of a Lamborghini, one of the most luxurious and expensive cars in the world.
LAMBO’s main objective is to offer a unique investment opportunity to crypto enthusiasts who are also car lovers.
The project aims to bridge the gap between the crypto world and the automobile industry by allowing investors to earn returns through the appreciation of the value of Lamborghini cars.
One of the key features that make LAMBO stand out from its peers is its partnership with auto dealerships and car rental companies that offer Lamborghini cars. This allows LAMBO token holders to have direct access to the cars and earn a share of the profits generated by the cars.
Moreover, LAMBO tokens also provide holders with exclusive membership benefits, such as discounts on car rentals, access to VIP events, and other privileges. This adds value to the tokens and makes them more attractive to potential investors.
Lambo price holds at $0.00003188 on Monday following an 8% dip on the day. The token boasts $2.2 million in market capitalization, with $641 in trading volume.
Based on the hourly chart, Lambo price holds below its daily and weekly open levels. Support at $0.000031 must hold to prevent declines from intensifying in the coming sessions.
However, the Moving Average Convergence Divergence (MACD) indicator confirms the bearish outlook may last longer this week with LAMBO likely to test support at $0.0000285.
Investors consider LAMBO as an investment to bank on the token’s uniqueness as it aims to provide them with a chance to own a part of a Lamborghini and earn profits through the appreciation of the value of the cars.
The partnership with auto dealerships and car rental companies, and exclusive membership benefits make it a standout project in the crypto market.
Trending Meme Tokens to Buy for 2023 in Instead of Pepe
Meme tokens have taken the crypto industry by storm in 2023 but investors must be careful which coins they buy, keeping in mind the extreme volatility in this category of digital assets.
InsiBitcoins.com carries out extensive research on the best meme tokens to buy during their presale stages, thus providing you with a once-in-a-lifetime chance to be an early adopter.
In this section, we will explore two of the best crypto presales that are creating FOMO among investors, including AiDoge (AI) and yPredict (YPRED).
AiDoge Presale Hits $8 Million – Approaching The Target Fast
The AiDoge presale has gone into overdrive over the last few weeks to the extent of raising almost $1 million in just 24 hours. Investors are piquing interest with this up-and-coming meme coin project, which merges generative AI technology and crypto rewards.
Don’t be like this guy! 😂
You can buy $AI now or FOMO in later. The choice is yours! 😎
Our #Presale is selling out fast! You guys are amazing 💪 ⭐️
Hurry and join the #Presale before the next price increase 🚀💎
👉 https://t.co/5j5tt4smcs#Crypto #Web3 $PEPE $SPONGE $FLOKI pic.twitter.com/AdS3OTt7Vj— aidogecrypto (@aidogecrypto) May 15, 2023
Unlike, meme coins like Pepe (PEPE) and Pepechain (PC) which pumped and dumped on investors, Aidoge doge holds a unique set of utilities that experts believe will help it maintain its value to rival the likes of Shiba Inu (SHIB) and Dogecoin (DOGE), the two leading meme coins in the market.
The AiDoge ecosystem introduces a never seen concept referred to as “meme-to-earn” which rewards users for generating memes with the help of generative AI.
This platform, powered by web3 will also allow users to share and vote on memes generated by other users on the platform’s innovative AI dashboard.
Users who come up with the best memes are rewarded financially in AI, the ecosystem’s native token. Experts believe the AiDoge presale is exploding due to the new “meme-to-earn” model.
According to one of the analysts at InsideBitcoins.com, “For the first time, the internet’s best meme creators will be able to turn their hobby into a viable income stream, all whilst the blockchain technology that underpins the AiDoge platform protects their ownership rights over their content.”
In just a few weeks, the AiDoge presale has surpassed the $8 million mark and could hit $10 million in a few days. If investors move quickly, they will have a chance to buy AI at a heavily discounted price of $0.0000304 before it climbs to $0.0000308.
yPredict – The World’s First “All-in-One” AI Ecosystem
As the world gyrates towards artificial intelligence (AI), a team of experts is presenting yPredict, an innovative AI-powered trading and market intelligence ecosystem.
In addition to riding on the meme hype, yPredict offers oodles of services like institutional-grade AI-powered crypto price forecasts.
🚀💥Seeking the secret sauce for a successful venture?
Combine the power of AI Prediction with a pinch of #YPREDToken, a generous portion of community spirit, and there you have it – #yPredict in its full glory! 🌟
But don't dawdle! The $YPRED presale is zooming towards a… pic.twitter.com/5cDnKHa8xA
— yPredict.ai (@yPredict_ai) May 15, 2023
According to the team, the project is “aimed at recognizing and rewarding early investors who have been advocating for yPredict and spreading our vision through various forms of social media.”
Predicting fluctuations in the cryptocurrency market is challenging, even for those well-versed in macroeconomics, digital currency fundamentals, and technical analysis.
In recent times, Artificial Intelligence (AI) technology has been making considerable advancements, presenting a valuable resource.
AI algorithms are capable of processing and examining vast quantities of pricing data to detect trends that may have evaded human observation.
For this reason, the new crypto yPredict is bringing up a revolutionary new AI-powered platform to provide traders with accurate signals that block out most of the noise in the volatile crypto market.
Using state-of-art predictive models and data insights built by top 1% AI developers and quants, yPredict’s in-development platform plans to hand market participants an “unbeatable edge.”
In addition to the signals, users will have access to real-time social and news sentiment analysis, AI-produced technical analysis, and AI-powered chart pattern recognition that by far surpasses the capabilities of rival platforms.
With $1.06 million raised within a few weeks of the presale’s debut, potential investors must hurry to catch YPRED tokens in stage five, selling for $0.07. Investors must move quickly as stage six is around the corner with YPRED tokens expected to go for $0.09.
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