Pepe Coin Price Plummet Continues as Surging New Memecoin Presales Rally

Pepe Coin (PEPE) has had a real whirlwind of 2023 and it only launched in April of this year. The reason it feels like Pepe Coin has been around for so much longer is because of how it has dominated market attention, you can not turn anywhere in the crypto world without seeing someone talk about PEPE. The problem is a lot of the attention is nostalgic and its comeback looks increasingly unlikely.

While Pepe Coin has been great for the meme coin market as a whole and its success has inspired so many other projects it is likely time to move on. Luckily, there are two presales right now that represent two of the best investment opportunities on the market and are perfect alternatives to Pepe Coin. Those two are Wall Street Memes ($WSM) and Sonik Coin (SONIK).

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Before we get into the properties that make them so tantalizing let’s briefly look at what is happening with Pepe Coin.

A fall from grace for Pepe Coin

The above chart shows Pepe Coin’s (PEPE) performance since it was founded in April of this year. As you can see since its peak it has been as mundane a coin as you can find on the market. However, you would not know that if you visited any crypto site as you are sure to find plenty of space dedicated to the meme coin.

The reason isn’t because of its actual performance but actually, just the impact the coin has on the market and investors. The coin came at a time when meme coins were really struggling but its overnight success struck a chord with investors and now meme coins are the most popular crypto sector when it comes to new projects.

Unfortunately, that doesn’t really help the price of PEPE. While it still remains in the top 100 cryptos with a market cap of around $460,000 at the time of writing, and that always gives a project a chance at a revival, things don’t look good. As you can see from the chart above it seems destined for a life of mediocrity despite many crypto sites trying to tell you otherwise.

While Pepe Coin itself is struggling it has inspired other meme coin projects that are thriving. Two of those are going through presales now so let’s take a deeper look.

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Wall Street Memes- Closing in on $25 million raised during presale

The highly touted presale of Wall Street Memes is entering the final straight. They are now just off the $25 million mark and with the hard cap at $30 million it is likely only a week or two until the presale ends. It shows the power of Wall Street Memes that a brand new crypto can have the ambition to set a hard cap at $30 million.

While it always looked like they would reach their presale total due to the brand’s immense popularity there was a period where the fundraising slowed down. Then came one investor who dropped $840,000 from 5 different wallets on $WSM. This had the desired effect of speeding things up as FOMO is such a powerful tool in the meme coin world.

The latest announcement from the Wall Street Memes ($WSM) project is likely to really speed up the last lap of the presale too. The group seems to understand market trends better than most and adding a staking element to their coin proves just that. Meme coins traditionally don’t do this but there has been a change in the attitude toward staking recently.

It looks like 40% of the total allocation will be dedicated to staking, the site at the moment still says 30% will be dedicated to community rewards but those in the know say that will change soon. The token which has nearly unrivaled virality now adds utility to its arsenal.

This virality of course stems from the Wall Street Memes ($WSM) brand which has over 1 million followers across its social media platforms including over 255k followers on Twitter. A meme coin that brings this kind of community and vitality to the table should be able to replicate even Pepe Coin’s success.

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Sonik Coin- Racing its way to a $100 million market cap

Sonik Coin (SONIK) is the perfect example of a project that has been inspired by Pepe Coin but has pushed the boat out further. Based on, but affiliated with, Sonic the Hedgehog, SONIK is just as fast physically but maybe not mentally. Just check out the fun and hilarious original art all over the website and you will know what we mean.

Pepe coin was based on an internet classic but Sonik Coin is a brand new creation we are sure that crypto investors will love. It definitely has a huge chance of going viral not only because of the original art but the hilarious slogans like:

‘Sonik is a speedy lil’ bastard. Pro’lly a hedgehog? A speshul boi, obsessed with becoming the Fastest 0-100M MC meme coin. STAKE-2-SPEED your Sonik tokens with impressive APY% to earn, while providing Sonik enough BOOST to reach the MOON!’

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As you can see from the end of their website slogan this meme coin is not just about virality and also has utility. It is estimated that SONIK can run as fast as the speed of light- 299,792,458,000 m/s, and that is the exact token supply of SONIK too.

Like with $WSM, this project has realized how beneficial adding utility can be to a meme coin. In this case, 40% of the total allocation will be available to investors for staking. In fact, investors can already start staking and will be able to collect their rewards once the presale ends.

That presale has smartly been set at the relatively low total of $2,098,547. This gives Sonik Coin the chance to capitalize on the hype when it is at its absolute peak. Although we doubt the current price of $0.000014 will be around for long as we expect this presale to sell out very quickly.

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>>> Buy Sonik Coin Now<<<

Conclusion

So to put a bow on this, although Pepe Coin still has a decent market cap and still remains in the news it seems unlikely it will see any sign of rejuvenation anytime soon. Luckily there are new and improved meme coin projects like Wall Street Memes and Sonik Coin that are just beginning their journey and can be bought at low prices before they pump.