![\"L](\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/06\/Screenshot-2023-06-28-at-3.53.47-AM.png\")
<\/p>\nThe introduction of bizarre but surprisingly profitable memecoins in the cryptocurrency industry is anything but unusual. While the overall market still seems to be making attempts to recover, another trending memecoin called “L” has managed to make its way to massive popularity.<\/p>\n
Naturally, memecoin enthusiasts found out and started stocking up on the crypto early, with hopes of potential profits. But now that the token has launched officially, a majority of them have been wondering what L’s price action may look like in the upcoming weeks.<\/p>\n
Bitcoin, the leading cryptocurrency, has exhibited bullish indications by maintaining its position within the $30k range for an extended period of over a week.<\/p>\n
With major altcoins also displaying renewed strength, it may be plausible to anticipate a price surge for L in the near future. This could also likely be due to its incredibly popular and distinctive concept, which has been capturing significant attention in the market.<\/p>\n
Any investor with little experience in the crypto market may be aware of Elon Musk’s influence on the industry. As the CEO of prominent companies such as Tesla and SpaceX, Musk has consistently expressed his fascination with the world of blockchain technology. In fact, he has gone as far as endorsing certain memecoins, albeit for a brief period of time, further solidifying his involvement and impact within the crypto space.<\/p>\n
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L the Memecoin<\/a> has been designed as a tribute to the tech billionaire, aiming to foster a devoted community around him while simultaneously supporting his recently acquired business venture, Twitter.<\/p>\n The creators of L allegedly drew inspiration from a statement made by Musk in 2016, where he expressed his fondness for the character named L in Death Note, a renowned Japanese manga series. The memecoin’s website highlights this theme, further emphasizing its connection to Musk and his interests.<\/p>\n An important aspect that has significantly propelled the project’s popularity is its implementation of a blue tick verification requirement on Twitter.<\/p>\n According to the information available on the website, only users with a blue tick verification will be eligible to subscribe to the project’s official Twitter handle. This particular feature serves two purposes as outlined by the project:<\/p>\n Although the project has successfully leveraged its exclusivity-based theme thus far, predicting the growth potential of L the Memecoin after its launch becomes uncertain.<\/p>\n This is primarily due to a cunning campaign initiated during the project’s early phase, where it pledged to airdrop tokens to community members with greater “clout” on their Twitter accounts.<\/p>\n Essentially, the developers claimed that they would airdrop a higher amount of L tokens to community members who had a bigger following and received a higher engagement on their Twitter handles.<\/p>\n Several popular influencers in the crypto space posted tweets endorsing the project, with screenshots of impressive amounts of airdropped tokens they received.<\/p>\n Claimed my $L<\/a> free juice 🥤 <\/p>\n Token is currently sitting at 26M MC<\/p>\n I know the team behind has recently launched a coin went up to 100X <\/p>\n This time I’m going to try my luck and patiently let it run up 100MC on this one.<\/p>\n All in or all out. Peace ✌🏽 https:\/\/t.co\/1JiidLPuz5<\/a><\/p>\n — Eunice D Wong 🦄 (@Eunicedwong) June 27, 2023<\/a><\/p><\/blockquote>\n\n
Will L Pump in the Short-term?<\/h2>\n
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