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Cryptocurrency News Articles
Pepe the Frog Meme Coin Market Heats Up as Whale Insider Announces Top Frog Capture Coins
Oct 10, 2024 at 05:01 am
One of the biggest names in the crypto space is stirring up conversations about Frog Coins. Popular Twitter account Whale Insider has named Pepe (PEPE) and other frog-themed tokens as the top cryptocurrencies to watch right now.
Whale Insider Tips Pepe (PEPE) Frog Coin, Announces Top Picks to Capture Meme Coin Market Pulse
Whale Insider, a prominent crypto influencer with over 300,000 followers on Twitter, has highlighted Pepe (PEPE) and other frog-themed tokens as the top cryptocurrencies to watch right now.
Whale Insider's Tips on Frog Capture Coins
Whale Insider, known for their valuable insights in the crypto industry, has a massive following on Twitter, with their recent post garnering 413,000 views in just three days. Catering to the widespread interest in meme coins, Whale Insider has shared a list of 14 coins ranked by market cap that they believe are worth watching this month.
Topping the list is PEPE, a popular meme coin with a market cap of $4 billion at the time of writing. However, PEPE is not the only frog-themed coin on the list, with FWOG and PEIPEI also making an appearance.
What grabs everyone's attention is how Whale Insider's tweet seems to be hinting at a trend. Along with frogs, there's a mix of dog and cat coins. Evidently, Whale Insider is betting on animal-inspired meme coins continuing to be in high demand.
Given Whale Insider's status as a trusted voice in the crypto community, their highlighting of coins to watch carries significant weight.
Meme Coin Market Pauses as Traders Await Next Move
It's been a wild week for meme coins so far. After everyone got excited about Monday's rally, Tuesday saw a slight pullback, bringing traders back to reality. Now, the market is in a consolidation phase, with most coins trading sideways.
The total market cap of the meme coin stood firm at $49 billion. However, the spot volumes declined by 20% over the last 24 hours, dropping to $5.8 billion. This is still significantly higher than where they were last week.
When it comes to individual meme coins, the picture is mixed at the moment. PEPE and SHIB both saw gains of 2% since yesterday, while BABYDOGE led the way with an 18% increase. On the other hand, coins like BONK, POPCAT, and MOG slipped into the red.
Traders seem to be waiting to see where things go from here. The Fear and Greed Index for cryptocurrencies is at 49, indicating “neutral” sentiment. This suggests that many are still on the fence and waiting for clearer conditions before re-entering the market.
But with several potential positive catalysts on the horizon, we could see another spike in meme coin activity sooner rather than presenting a new cryptocurrency called Pepe Unchained (PEPU). This new project has already surpassed $18 million in its presale, giving investors a limited window to purchase PEPU tokens before they hit exchanges.
But what makes Pepe Unchained so noteworthy? It all boils down to the development team's grand plan to launch a layer 2 scaling solution specifically for meme coins.
They've also announced developer grants, which will allocate funds to anyone interested in building decentralized applications on the new “Pepe Chain.”
It's clear that the creators are aiming to combine the fun of meme coins with actual utility. This aligns with what Whale Insider was hinting at, having recommended PEPE, FWOG, and PEIPEI as the top picks—all three being frog-themed coins.
Pepe Unchained also features a fun frog mascot, tying into the same trend. But unlike those three coins, Pepe Unchained has a real technology project behind it. Its layer 2 chain can be huge for active traders, enabling them to keep more of their profits.
Moreover, since Pepe Chain will also have a staking application, there will be additional opportunities to earn passive income. The excitement for the project is palpable, as prominent crypto analyst Crypto Gains highlighted above.
If the upcoming launch of Pepe Unchained is successful, it could outshine the competition, making it the ultimate frog meme coin to buy.
$PEPE
$MEME
#MemeWatch2024 #Pepe #BinanceTurns7 #WeAreAllSatoshi #elaouzi
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