The price of Bitcoin ($BTC) has been steadily rising recently. On June 21, the token increased by more than 8%, taking its value from $26,800 to $28,830.
At the time of publication, $BTC had risen sharply to $30,345, representing a significant increase of 5.19% over the previous seven days and signaling positive mood.
With $PEPE, $WSM, and $AI achieving new milestones, other cryptocurrencies, especially meme coins, have been impacted by the price surge of $BTC.
$PEPE – A POPULAR MEME COIN WITH RAPID PRICE INCREASES
As $PEPE has emerged from the shadows of more well-known competitors like Bitcoin and Ethereum, it has paved the way for the fusion of entertainment, culture, buzz, and cryptocurrency investing.
In order to anchor the popularity of the meme genre, $PEPE uses a special sad frog meme.
The meme phenomenon is focused on governance, the purchase of digital commodities, and access to premium entertainment material, which might lead to strong demand and an increase in the value of the meme.
The meme project gives users an immersive experience and creates new revenue opportunities by utilizing the potential of blockchain technology.
The coin has experienced exponential price increases of almost 250% since its inception on April 16, 2023, converting a $250 investment into $1.4 million just a few days later.
Despite seeing tremendous price rise, the $PEPE market price is now 64.93% behind the $0.000001656 all-time high set on May 5, 2023.
But current optimistic emotions have given investors reason for hope.
The price of $PEPE at the time of publication is $0.000002 per token, representing a 7-day rise of 41.77%.
The meme currency also has a stunning $204 million in 24-hour trading volume, showing hot-red market traction from foreign investors.
An upward trend in price movement is shown by technical analysis of the booming meme coin market.
$PEPE trades above its 21-day and 50-day simple moving averages (SMAs), which are $0.000001169 and $0.000001371, respectively. This suggests that the price is gradually increasing.
Although the asset trades below the 3-day EMA of $0.000001626, it encounters resistance because it is still above the 10-day EMA of $0.000001469 in price. This portends the coming of a price increase.
The relative strength index (RSI) oscillator is now in a new zone at 58.57, moving up from its previous value of 53.96. As the $PEPE market gains momentum and approaches the overbought zone, this further suggests a price surge.
Although there hasn’t been any formal announcement regarding the inclusion of an important utility or a strategic collaboration, $PEPE might likely surpass its all-time high in the near future owing to viral buzz and its ecosystem that is centered on the community.
HOT-RED REVOLUTIONARY MEME-TO-EARN TOKEN: AIDOGE ($AI)
Continuous value growth is being seen in the AI-powered meme currency $AI. AiDoge is developing an innovative platform that lets people create and share modern, high-quality memes.
The participants of this platform are rewarded with the $AI token when their memes become popular using cutting-edge AI technology.
Users only need to describe their design in detail in the platform’s text prompt in order to produce a meme. Then, in a matter of seconds, the meme generator automatically creates pertinent memes.
AiDoge technology may have an influence on industries with a track record of rapid expansion, such marketing and advertising, in addition to its own platform.
AiDoge technology and mint contemporary meme logos for their stuff may be used by brands and manufacturing firms to give their products a fresh identity.
The demand for $AI is anticipated to grow with clever marketing and adoption, driving up prices.
Two weeks ago, the token’s presale stage came to an end, with early investors contributing more than $14.9 million.
On the public exchanges MEXC and UNISWAP, $AI is now trading live, with a token price of $0.000005920.
The $AI token has increased by 12.12% over the past 24 hours, giving early investors significant profits.
Aside than trading, investors may stake their $AI tokens and generate passive income. Less than five days remain for users to take advantage of the staking option and earn a staggering 50% annual percentage yield (APY).
WALL STREET MEMES ($WSM) – THE RISING MEME COIN TO REACH NEW HEIGHTS
The native currency of the Wall Street Memes ecosystem, $WSM, is a new meme coin that has the potential to dominate the market.
Every day, the meme token surpasses new benchmarks and grows in popularity. In the continuing presale, the price has reached the $10 million threshold.
As the leader in the meme currency rally, $WSM has attracted international crypto traders eager to ride the explosive wave of the next meme king.
Crypto researchers and watchers think the newly emerging meme currency is well on its way to scaling past the enormous pump reign of $PEPE and $SPONGE, creating a possible 100x profits for early birds.
But why is the crypto community so enthusiastic about this new asset and giving it such high ratings?
The $WSM presale began on May 26 and raised an incredible $10.9 million in a month, providing a preview of what to expect when it lists on public exchanges.
The astounding success of the token is a result of its strong community connections and endorsements from key players in the cryptocurrency industry, including Elon Musk.
In addition, the origination and development team leading the $WSM surge has early investors buzzing with excitement.
The prominent Reddit forum group WallStreetBets, which was the catalyst for the GameStop revolution in 2021, is where the Wall Street Memes initiative originated.
The subreddit group decided to strike back by collectively spending substantial sums after becoming aware of the behavior of high volume speculators shorting GameStop stock for personal benefit.
On January 28, 2021, GameStop’s pricing unexpectedly increased to $483 as a result of this.
This incident attracted a lot of attention in the financial sector and represented the group’s opposition to capitalism.
The Wall Street Memes initiative has now materialized, symbolizing the fusion of the digital revolution and victory over capitalism.
With more than 1 million social media followers, $WSM has a solid community backing and is well-positioned to grow in popularity and list on tier-1 public exchanges.
