The XRP rally is showing no signs of a slowdown despite the imminent price correction. The meme coin market is seized by Evil Pepe fever, while BTC20 enters the altcoin market with high stake-to-earn rewards.
XRP to $1?
The crypto community celebrated Ripple’s historic victory in the high-profile lawsuit filed by the Securities and Exchange Commission (SEC) with a broader market upturn. Most cryptocurrencies turned green in the next few days and continue to have a positive price outlook.
But as expected, XRP has benefitted the most from the recent turn of events. It marks a crucial moment for XRP, as it clears a major cloud of uncertainty that previously weighed down the token’s performance.
With the allegations of being an unregistered security now behind it, XRP is attracting investors and partnerships. The regulatory clearance’s potential impact on the token’s future has driven the market sentiment, leading to an impressive 71.5% jump in its price on the weekly chart.
The newfound clarity is expected to send the token to new year highs if it can successfully break past the resistances at $0.85 and $0.9.
Evil Pepe Presale Launches to Massive Reception
The next cryptocurrency to send the market into a frenzy is Evil Pepe.
The Pepe hype is winding down. There is no point in holding the token hoping for a significant move, as it has slipped 64.52% from its all-time high recorded on 5 May 2023. Meme coins are fleeting crypto sensations, and Pepe is not an exception to the rule.
However, the legacy of Pepe continues to thrive. The social media reception of the Evil Pepe presale is a testimony to that.
Evil Pepe has managed to create significant hype within meme coin communities and has attracted a large number of meme coin investors on the first day of its launch. At the time of this writing, the project has raised $135,393.05 out of its presale target of $1,996,002. By the time the word about the meme coin gets around in the broader crypto market, it is likely to be sold out.
The low initial capital has also appealed to early investors since it gives them a large room for returns. But the key factor that sets Evil Pepe apart in the crowded market is its well-executed marketing campaigns.
While there have been many Pepe knock-offs in the past, Evil Pepe’s website and social media posts are tailored to suit the taste of an average meme coin investor.
“We’ve all been there. You’re tracking the latest trending shitcoin and know it’s probably gonna rug. You just lost your previous trade, so you know you should leave it alone. But you ape in anyway…That’s Evil Pepe.”
The unapologetic sense of humour resonates with its target audience.
Given the community’s enthusiasm and the out-of-the-box narrative, Evil Pepe is poised to surpass Pepe’s record of a 7000% surge in August.
Other altcoins to keep an eye on
1. Wall Street Memes (WSM)
Community strength is the primary factor that drives a meme coin.
When investing in a meme coin, it is important to analyze its community backing and social media momentum. At the end of the day, meme coins are useless coins driven by hype and speculation. While that may sound ridiculous and silly, the concept has turned many young investors into millionaires. So, it can’t be turned a blind eye from an investment perspective.
That explains why Wall Street Memes is one of the most talked-about cryptocurrencies of this season and why it is a clever addition to crypto portfolios this month.
- Wall Street memes has a massive global community of over 1 million followers, which has existed since 2019. The meme community is launching its first meme coin with WSM.
- The meme community enjoys robust support from investors and traders alike. The posts often take digs at economic policies and government double standards that the targeted audience can relate to.
- Among the many celebrities and business leaders who have interacted with the community include Elon Musk. Although not involved with the project, he has inadvertently added to the hype around the meme coin.
- Wall Street Memes previously dipped its toes in the crypto market with Wall St. Bulls. The launch speaks for its strong foothold in the community even today, as it sold out in 32 minutes.
- To give you a better insight into the community’s hold, the meme coin presale has already raised $16M out of its $30M target. All in a matter of just a few days.
A conservative price prediction for Wall Street Memes is 15X to 25X. But the token can outdo the expectation with a 5000-7000% surge. It is the top contender for the third place on the meme coin chart at this point, given that Pepe is out of its game.
2. BTC20
Another cryptocurrency to seize social media is BTC20, touted as the ‘Bitcoin on Ethereum’. The euphoria around the project can be explained simply.
What would you do if you could go back in time to 2011?
For most crypto investors, the answer would be to buy Bitcoin when it was priced at around $1 and live happily ever after.
BTC20 is giving everyone who missed out on the early days of Bitcoin to get back in on the bull run. It is a Proof-of-Stake (PoS) ERC-20 token now selling for a presale price of just $1 per token and a presale supply of 6.05 million tokens – both reminiscent of Bitcoin’s early stages.
Apart from these, the two key factors drawing investors to the presale are as follows:
- Substantial passive income from the stake-to-earn system.
- The momentum created by Bitcoin Cash is expected to rub off on BTC20 on its release.
The project was announced just two days back. As the word gets around, the presale is expected to take off and end ahead of schedule.
3. yPredict (YPRED)
Let’s get to utility tokens now. If you’re looking for crypto with high long-term potential, this is the one to go for. The project is slowly building a user base which consists of traders, analysts, AI developers, and quants.
yPredict is a marketplace for crypto price predictive models. Many of us can relate to losing our statistical edge in the crypto market over the last few years, thanks to bots. While we can’t afford to upgrade our skills to match algorithms, we can rely on those who have spent years honing theirs.
The primary utility of YPRED tokens is monthly subscriptions to these price predictive models developed by industry experts.
Source: https://coinpedia.org/information/xrp-continues-to-surge-evil-pepe-grips-meme-coin-market/