The market is going through a great bullish period caused by some outside factors that might mean big things are on the way for crypto lovers. One of the main beneficiaries so far has been Pepe Coin 2.0 (PEPE2) which pumped by 54,000% (!) having just been launched this Tuesday.
Some of us predicted that a comeback would likely happen for Pepe Coin during the next bull run because of the community the meme coin had built during its first pump.
However, it is Pepe 2.0 that has stolen most of the shine as this new coin promises to not make the mistakes that the original Pepe Coin made.
We will get into that more later. Let’s take a quick look at how Pepe Coin is performing and if it is too late to get on board the meme coin now.
Has the Pepe 2.0 Train Already Left the Station?
Below is the price chart for Pepe 2.0 (PEPE2) since it was launched on Tuesday. As we can see the meme coins price has absolutely shot up in just 48 hours.
PEPE2 is in a uniquely beneficial situation that since the market is bullish investors will want to capitalize if they missed out on the original Pepe Coin pump.
This of course has to do with its origins. As most readers will know Pepe Coin came out of nowhere and pumped by thousands of percent to literally make early investors overnight millionaires.
No one knows for sure where this pump came from but the logical conclusion is that it was a case of market FOMO that caught up more people than ever before.
This is what puts Pepe2.0 in such a unique position, investors are still acutely aware of what happened last time as it is still fresh in their memories.
Anyone that missed out on the first pump is likely going to jump onboard this new coin especially as the market conditions have turned favorable so they don’t miss out on any subsequent pump.
It is difficult to know how sustainable this is but that is generally the life of a meme coin. The community built from the first pump has secured the original coin a high market cap but it remains to be seen if the next iteration of Pepe can do the same.
This applies double when you consider what experts are saying about Wall Street Memes. Many are saying it could pump like PEPE2 once did and that would surely mean the death of the coin. Let’s look at what has experts producing such hot takes.
We have mentioned that one of the key things to the Pepe Coin 2.0 pump is the community they have already built. This is the organic way that meme coins have always built market stability.
It is the reason Dogecoin and Shiba Inu have lasted so long at the top of the ladder.
They were the first meme coins and have built a huge online following which has consolidated their position as virality has traditionally been the key ingredient to a meme coin’s success.
Until now no meme coin has come close to toppling the big two even though Pepe Coin briefly flirted with reaching their levels.
Wall Street Memes ($WSM) is the first meme coin experts are talking about as a serious challenger to the meme coin hierarchy and the reason is, you guessed it, community.
Wall Street Memes is already an established online brand that has well over 1 million followers across their social media accounts.
The star is their Twitter account which has just under 240k followers. This account is known for being the hub of crypto discussion on the platform and it is followed by accounts that have a big standing in the crypto community and thus could increase the coins vitality even more.
NFT marketplace Magic Eden and crypto YouTuber Cameron Fous are two big examples but it is one account that doesn’t follow but has interacted with them numerous times that really could be the game changer. Twitter’s owner and most followed account Elon Musk has expressed his fondness for Wall Street Memes content in the past and if he was to promote the meme coin in any way it could really take it to the top.
The presale started off fast and it hasn’t really slowed down. They have just passed the $11 million raised mark and we already can’t wait to see how its listings go. Musk isn’t the only tech king that is a fan of Wall Street Memes either.
Google, or at least their new AI chatbot, Bard has also forecasted that the meme coin could have a big 2023.
The new chatbot has taken over from chatGPT as the internet’s favorite crystal ball when it comes to crypto predictions.
Unlike chatGPT, Bard does not mind making crypto predictions, when asked how it thought $WSM would do in 2023 it forecasted the meme coin could pump as much as 352% from its starting presale price.
So, even though it is only going through presale there are a lot of indicators that Wall Street Memes could be the next big thing. Find out how to buy Wall Street Memes here.
The Pepe Coin 2.0 pump may have come and gone we cannot say for sure. However with such a big community created from the original coin and with an advantageous feeling of FOMO left over from the last pump it always remains a viable investment.
That may not be the case for too much longer though as Wall Street Memes is flying through presale and looks like it could soon be the markets best selling meme coin.