Emily Walker
Pepecoin, the original green frog meme cryptocurrency, has encountered some challenges this week.
The value of $PEPE has dropped nearly 21% in the last week as excitement from Bitcoin surpassing the $100K mark begins to fade.
Like many meme coins, $PEPE is sensitive to overall market sentiment. With Bitcoin taking a pause and some investors cashing in, $PEPE is feeling the impact as Bitcoin stabilizes just above the $100K threshold.
In an attempt to regain attention, Pepe has launched an OnlyFans account.
Whether this strategy will be effective remains to be seen. Meanwhile, it’s an ideal time to explore alternatives to $PEPE, and Wall Street Pepe is emerging as a contender.
Let’s examine the current state of the meme coin market and why $WEPE may take the lead as the preferred green frog coin.
Decline of $PEPE
In the past week, $PEPE has experienced a minor downturn. Although its market capitalization remains over $8 billion, it has dropped by 22% in this period.
Simply put, the rapid surge of $PEPE from November into early December has finally slowed down.
This aligns with the overall trends in the cryptocurrency market. With the US stock markets facing difficulties and the announcement of another Federal Reserve rate cut, crypto markets are adjusting and taking a step back from their recent gains.
It’s important to note that even with this decline, $PEPE’s overall position has improved.
As one of the leading meme coins, $PEPE experiences typical cryptocurrency volatility, yet it still has the liquidity to navigate these fluctuations.
Rise of $WEPE
With $PEPE struggling, a new player is taking center stage.
Wall Street Pepe is currently in presale and has successfully raised an impressive $31 million so far. With more weeks ahead, $WEPE is positioning itself to become the next prominent green frog meme coin.
$WEPE aims to create a trading-centric community for sharing insights and speculative plays. This token merges the impulsive nature of meme coins with the analytical approach often found in stock trading.
In essence, this green frog embodies both the fun of $PEPE’s memes and the strategic elements of Wall Street.
The presale of $WEPE is structured in stages, with each stage offering tokens at incrementally higher prices. Currently, $WEPE tokens are priced at $0.0003649. However, this price is unlikely to last long, and once the coin becomes publicly traded, interest from additional investors is expected to drive the price up significantly.
Future Outlook for WEPE and PEPE Heading into 2025
The wider cryptocurrency market is benefitting from a supportive political climate in the US. Although recent news about Bitcoin reserves has created some turbulence, the current administration seems poised to foster a more welcoming regulatory environment compared to its predecessor. This bodes well for these meme coins.
As always, this discussion is not financial advice. It’s crucial to conduct your own research and assess projects based on available information regarding their roadmaps, teams, token distribution, and more.
But keep an eye on the green frog dressed as a hedge fund manager!