In recent years, the cryptocurrency market has evolved a lot. In the previous bull run, we witnessed a boom in the popularity of so-called “memecoins.” These are cryptocurrencies that began as a joke and are based solely on memes. However, some of these memecoins have grown into huge investment opportunities. Of course, memecoins are only suitable for those willing to take a risk.
As the popularity of memecoins continues to rise, some investors are speculating whether we are entering a new memecoin season. This article will discuss the current Bitcoin rally, the possible altcoin season we experienced, and the potential memecoin season ahead of us.
In specific, we will touch upon three memecoin gems that have the potential to have a high ROI. These three memecoin gems are Dogecoin, the king of memecoins; Mutant Pepe, the upcoming gem; and Pepe, the new DOGE.
Did The Altcoin Season End?
Before we get into memecoins, let us take a look at the alleged altcoin season we just finished. The beginning of 2023 was amazing for the cryptocurrency market. While Bitcoin continued to rally until April, some altcoins skyrocketed to unimaginable highs. Some of these projects are Solar (SXP), Arbitrum (ARB), and Space ID (ID).
While the past few months have been amazing for altcoins, the crypto community believes that the altcoin season has come to an end. Now, there are speculations that another season is knocking on the door – the memecoin season. This comes after the debut of $PEPE, one of the biggest memecoins nowadays. Not only that, but Dogecoin, the biggest memecoin in the market, has also experienced random +10% rallies in the past few weeks.
We must note that while the crypto market is very volatile in general, memecoins are the most volatile tokens to invest in. Therefore, please invest at your own risk as this is not investment advice but rather a purely educative and informative article.
What Memecoin To Invest In 2023?
Dogecoin: The King Of Memecoins
Dogecoin (DOGE) is the biggest memecoin in the world. Back in 2021, DOGE was trading at an approx. price of $0.73 with a market capitalization of $75 billion. This cryptocurrency was created in 2013 by software engineers Billy Markus and Jackson Palmer. Initially, it was intended to be a light-hearted joke in response to the growing popularity of Bitcoin.
However, Dogecoin quickly gained a devoted following. It features the face of the popular Shiba Inu dog from the “Doge” meme as its logo. This has helped solidify its status as the king of memecoins. Dogecoin is one of the cryptocurrencies that made millionaires overnight. Not only that, but DOGE also got the support of very influential individuals in the crypto community. One of the biggest Dogecoin advocates is Elon Musk. For context, Musk is known for his pro-crypto approach and is currently the CEO of Twitter, SpaceX, and Tesla.
Mutant Pepe: The Upcoming Gem
While Dogecoin may be the current king of memecoins, several other memecoins have begun to gain traction and attract attention from the community. One such memecoin is Mutant Pepe (MUTANT), the newest memecoin in the market. This token is very hyped at the moment as several Youtuber influencers are shilling it.
Mutant Pepe is based on the popular internet meme Pepe the Frog, created by artist Matt Furie in 2005. This memecoin was also based on $PEPE, the current trend in the memecoin sector of crypto. The project’s goal is to create a community based around Pepe the Frog. MUTANT is the native token of the Mutant Pepe ecosystem, an ecosystem designed for the community.
The Mutant Pepe project is built on the Binance Smart Chain, which provides a transparent and decentralized platform for the creation. This has helped to increase the credibility of Mutant Pepe, as it operates within a well-established blockchain.
The first round of presale will go live 2023.04.24 14:00 (UTC) on PinkSale. This token has a total supply of 1 quadrillion tokens, but only 200 trillion will be put for sale in this round of presale. The soft cap of the token is 25 BNB.
Pepe: The New Shiba Inu
Another memecoin that has experienced significant growth in recent weeks is Pepe (PEPE). Not to be confused with Mutant Pepe, Pepe is a separate memecoin inspired by the same popular internet meme. This token is often referred to as the “new Shiba Inu (SHIB),” due to its hype.
However, it also differentiates itself from other memecoins. Pepe is focused on the Pepe the Frog meme, similar to Mutant Pepe. As many of you may know, Pepe the Frog is the “most memeable memecoin in existence.” While the Shiba Inu Doge meme is very popular, some see it as outdated. Therefore, the Pepe team wanted something more trending for their memecoin project. By focusing on integrating utility and creating a functioning ecosystem around the Pepe brand, Pepe coin aims to do just that.
Unlike Mutant Pepe, Pepe coin operates on the Ethereum blockchain. This makes transactions a bit more costly and slower. However, this also means increased safety. For your information, Pepe is so hyped that people are reporting millions of dollars in ROI from investments as small as $100. Before investing in any memecoins, please do your own research. Keep in mind that this is not financial advice in any way or form.