Dogecoin's (DOGE) inception as a meme coin illustrated the potential for significant ROI for early investors, with the recent bull market contributing to its rise. Its fellow meme coins, like
Pepe and
Peanut the Squirrel (PNUT), have also witnessed surges following listings on major exchanges like
Coinbase and
Binance. PNUT, in particular, reached a staggering $1 billion market cap shortly after getting listed on Binance. Challenges have arisen from allegations of pump-and-dump schemes associated with meme coin listings, notably against Binance. Yet the potential for high returns keeps investors on their toes. AI MEME coin ACT, for instance, is slated for a Binance launch and a significant price increase. Elon Musk continues to exert influence over meme coin market trends, as seen with Peanut the Squirrel and Dogecoin. His cryptic tweets have sent PNUT's price shooting 300%, leading to a prediction that Dogecoin could reach $1. The meme coin market's value recently hit a record of $120 billion, with Dogecoin leading as it flipped XRP after soaring thanks to Trump’s endorsement and Musk’s appointment to a government efficiency group nicknamed DOGE. Dogecoin and Shiba Inu, along with a slew of other dog-themed meme coins, have been maintaining gains amid a Trump-led rally. A new crypto, like Pepe Unchained (PEPU), is also generating buzz, gathering the largest meme coin presale ever. However, the meme coin market still poses risks, with reminders to avoid malicious coin offerings and understand the ins and outs of meme coin trading.
MEME Coin News Analytics from Sun, 01 Sep 2024 07:00:00 GMT to Wed, 13 Nov 2024 23:39:39 GMT -
Rating 2
- Innovation -8
- Information 7
- Rumor 4
