Finance

Ripple Community Drives XRPEPE Memecoin; Eyes $10M Valuation

2 weeks ago
Bitcoin Ethereum News

The Ripple community is abuzz with the rise of a new memecoin, XRPEPE, which is quickly gaining traction among the crypto community members. Currently with a market cap of $456K, the coin is being hailed as the next big thing for Ripple and the wildly popular memecoin trend. 

The XRPEPE community, active on the Ethereum network, is optimistic that the token will reach a $10 million market cap by the end of 2024.

Ripple & XRPEPE Connection

Yesterday, the surge in the token value was up by 12% whereas, currently the token value is up by 34%, which further fueled the fire about its potential. So, the cumulative surge has been 22% in the last 24 hours which is huge for any memecoin that has been launched recently. XRPEPE being in its early stages becomes a catch for the investors that are looking to capitalize on the memecoins.

The launch of the XRPEPE has been during a crucial time as Ripple, the company behind XRP has secured partial victory in its long-running battle with the U.S. Securities and Exchange Commission. The partial victory is still significant as it changes how the regulations work currently around cryptocurrencies.  As a result, Ripple is growing more bullish, and memecoins like XRPEPE are benefiting from this increased interest. 

With the community backup, social media presence, and growing community, it is predicted that this memecoin is going to take over just like Dogecoin and Shiba Inu did in the past. The coin is also predicted to be able to sustain easily and will have exponential growth in the coming months. 

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Source: https://www.cryptonewsz.com/ripple-drive-xrpepe-memecoin-eye-10m-valuation/