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The latest new meme coin has exploded onto the market in the past day pumping over 170%. After launching on 21 May, Pepederp experienced a mundane opening 48 hours. However, things quickly changed last night, with the coin beginning an explosive run.
Pepederp’s team have been seemingly quiet since its launch, with only ten posts on its Twitter account. Nonetheless, the account has amassed 12.5K followers and racked up a $180K market cap thus far.
Let’s take a look at what’s caused the sudden pump, whether it’s sustainable, and two other new tokens that are also making waves among traders.
BEN explodes and Pepederp follows
While it is unclear what caused the colossal price pump, it has come simultaneously as the BEN meme coin has pumped. BEN has exploded today following BitBoy Crypto purchasing all of Ben.eth’s tokens for 1,000 ETH. The transaction occurred yesterday and has caused BEN to increase by 70% in 24 hours.
There were significant concerns that the BEN coin was a rug pull, which could have hurt the price of all meme coins. Still, BitBoy Crypto’s recent acquisition may have reinstilled investors' confidence in meme coins, causing newer coins like Pepederp to pump.
Pepederp is a meme coin that combines the “Pepe the Frog” character and “Derp Face”. Like other meme coins, it does not present utility to holders. However, the project does have a roadmap on its website.
The roadmap aims for the project to amass 10K token holders, have its first CEX listing, get listed on a tier-one exchange, and release Pepederp merch.
Pepederp initially gained over 300% in 24 hours but has since experienced a sell-off. This comes as well-known meme coins like Pepe and Turbo are also selling off.
While these meme coins could undoubtedly bounce, the major criticism regarding meme coins is that they do not provide holders with real value and are purely speculative.
Moreover, since they do not provide value, this creates a player-vs-player environment where one person must lose for another to win.
AiDoge steams past $13 million in its presale
One of the most sought-after coins in recent weeks has been AiDoge. The main narrative which has pushed the coin is that it is a meme coin that provides real value to the crypto community, unlike the likes of Pepederp.
This contrasts with most other meme coins and has fared it a favourite with fans since Pepe’s explosion earlier this month.
The AiDoge presale has a hard cap of $14,900,000, following which it will launch on exchanges at $0.0000336. The presale is now coming to a close, with the project recently surpassing the $13 million total raised mark.
In recent weeks, the community have rallied behind the AiDoge project, amassing over 34K Twitter followers and 18K Telegram subscribers.
AiDoge.com is an AI-powered meme generation platform where users can create memes with simple text-based prompts. Users must pay with the $Ai token to create memes, providing an organic source of demand and future-proofing the project.
The platform will also entail features like staking, meme filtering, rewarding meme creators and a meme feed wall.
Overall, AiDoge will provide an all-encompassing AI-powered ecosystem, making creating new, engaging memes easy. Moreover, considering the crypto community’s interest in memes, the coin could quickly pump following its IEO.
The $Ai token is currently available at $0.0000328. This is one of the last chances inventors have to purchase the coin at a fixed price before its IEO, set at $0.0000336.
New utility token Launchpad XYZ also backed to explode
While meme coins aim to onboard new users into crypto through community and hype, new presale coin Launchpad XYZ is working hard to onboard the next 10 million users to crypto by fixing the industry's most pressing issue: usability.
Currently, learning to interact with the blockchain is difficult, if not impossible, for many new users. With this in mind, Launchpad XYZ has launched its presale to build an “all-in-one” application for crypto, where users can do everything from trading crypto to playing in the metaverse from one dashboard.
Crypto is fragmented, and users must manage countless applications to stay in the loop. This is a cumbersome task, presenting a gap in the market for a project like Launchpad XYZ.
Popular crypto expert and YouTuber Jacob Bury recently posted a video about Launchpad XYZ, breaking down whether the coin could 10X. The video highlighted some of the project’s key features, such as trading signals, its presale launchpad and its trading terminal.
So far, the presale has raised over $500K and is priced at $0.0445. The IEO will commence following the presale, priced at $0.0565. This equates to a 26% profit for investors who purchase at its current price.
DISCLAIMER: This is not to be taken as investment advice. Crypto is a volatile asset, do your own research before investing and only invest money you can afford to lose. We may receive commission for clicking links in this article.
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Alex Brown
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