Meme Coins Take Center Stage: PEPE, Mumu the Bull, and Dogeverse Lead Market Charge

The crypto market opens positively this week with significant gains from unlikely meme coins. Pepe (PEPE) surges 7% and 36% weekly following Coinbase's listing of its perpetual futures, while Mumu the Bull (MUMU) gains 25% after a tweet from WallStreetBets. Additionally, the presale of Dogeverse (DOGEVERSE), a multi-chain meme coin, nears $10 million, attracting attention from early investors and influencers alike.

Meme Coins Reign Supreme: PEPE, Mumu the Bull, and Dogeverse Steal the Show

The cryptocurrency market has witnessed an unexpected surge this week, with the ascendance of unlikely meme coins leading the charge. Pepe (PEPE), Mumu the Bull (MUMU), and the presale phenomenon Dogeverse (DOGEVERSE) have become the talk of the town, posting remarkable gains that have left investors in awe.

Coinbase Futures Listing Propels PEPE to New Heights

After a turbulent fortnight, PEPE has regained its bullish momentum, skyrocketing 7% in the past 24 hours and an impressive 36% since last Tuesday. The token's price now stands at $0.0000068, its highest level since the market downturn on April 12.

A major catalyst behind PEPE's resurgence is the announcement by Coinbase International Exchange that it will list Pepe perpetual futures on its platform, with trading commencing earlier today. Perpetual futures, essentially derivative contracts, allow traders to engage in leveraged bets on an asset's future price without the constraints of an expiration date.

The launch of PEPE perpetuals on a reputable exchange like Coinbase marks a pivotal milestone for the token. It enhances liquidity, provides wider exposure, and has attracted a wave of retail traders back into PEPE. This is evident in the token's ranking as the 12th most traded cryptocurrency on CoinMarketCap over the past 24 hours.

WallStreetBets Tweet Ignites 25% Rally for Mumu the Bull

Another meme coin making waves today is Mumu the Bull, which has surged an impressive 25% in the past 24 hours. Trading at $0.00000101, MUMU has staged a remarkable recovery after experiencing a sharp decline last week.

This positive momentum is fueled by a tweet from the influential WallStreetBets Twitter account, boasting over 576,000 followers. The account hinted at a potential investment in MUMU, stating they "might ape a small bag" into the token.

This endorsement from a prominent figure in the crypto community has sparked renewed interest in Mumu the Bull. Traders are speculating on the possibility of the token reaching its all-time high from April 2. However, as MUMU has demonstrated in the past, uptrends can abruptly reverse, leaving investors pondering whether today's price pump is merely a respite from the prevailing bearish sentiment.

Multi-Chain Meme Coin Dogeverse Approaches $10M Presale Milestone

Amidst the meme coin frenzy, a rising star in the presale arena is making its mark. Dogeverse, a project that elevates the iconic Doge meme to new heights, has garnered attention with its innovative multi-chain approach.

As detailed in the project's whitepaper, Cosmo the Doge, Dogeverse's mascot, possesses the extraordinary ability to traverse the starry expanse of the crypto universe. His cosmic journey has led him across Ethereum, Solana, Avalanche, and beyond.

Dogeverse aims to share Cosmo's chain-hopping prowess with DOGEVERSE holders, enabling them to explore the myriad offerings of each blockchain. This sets Dogeverse apart from the plethora of low-utility coins in the market, as the token will be available on six of the most widely used Layer-1 chains.

Dogeverse's presale has gained significant traction, with nearly $10 million raised from early investors. Currently, investors can acquire DOGEVERSE tokens for just $0.000301, although this price will increase upon entering the next phase on Friday.

The project's appeal has extended beyond the crypto realm, with renowned figures like YouTuber Jacob Bury recognizing its potential. In a recent video, Bury hailed Dogeverse as having "100x potential."

As Dogeverse's momentum continues unabated, it has emerged as a meme coin poised to make a lasting impression in the weeks and months to come.