With staking launching soon and its ecosystem expanding, Doge Uprising is gaining momentum. For those looking at meme coins with more than just short-term hype, this project is shaping up as one of the best meme coins to buy now, offering both rewards and long-term potential.
Meme coin holders are bracing themselves for the next big opportunity as Mog Coin continues to decline and Pudgy Penguins faces challenges.
After a strong 2022, meme coins have lost some steam in 2023. However, some projects are still performing well and offering good opportunities for investors.
With staking launching soon and its ecosystem expanding, Doge Uprising is gaining momentum. For those looking at meme coins with more than just short-term hype, this project is shaping up as one of the best meme coins to buy now, offering both rewards and long-term potential.
After a strong run-up in 2021, meme coins faced a downturn last year as the broader crypto market crashed. However, some projects managed to weather the storm and are now showing signs of recovery.
Among the top meme coins, Mog Coin has been on a downward trend, losing nearly 50% from its December highs. This sharp decline has put a damper on holders' hopes for a quick return. With no clear updates on future developments, it remains to be seen whether Mog Coin can regain its momentum.
On the other hand, Pudgy Penguins made a big move into blockchain with Abstract, its Ethereum layer-2 network, and a native PENGU token. However, the results are surprising many. Instead of a price boost, PENGU NFTs dropped nearly 40% in a week, and the PENGU token fell 49% over the past month.
Many expected holders to get better rewards from the new network, but the response has been largely negative, with some expressing disappointment over the lack of benefits. This performance also raises questions about the future impact of Abstract on Pudgy Penguins.
Beyond blockchain expansion, Pudgy Penguins is still growing in retail and gaming. Plush Buddies launched in Walgreens, keeping the brand visible outside crypto. Meanwhile, the Pudgy Party mobile game is in development, aiming to bring more users into the ecosystem. The project is expanding in multiple directions, but the question remains—can it turn things around in the NFT market?
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