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Over the past several days, the price of bitcoin has plunged, which has affected mood and pricing. However, anybody looking farther than the near-term noise will observe that the top cryptocurrency is still up 61% and above its crucial 200-day moving average.
Due to the intense speculative price activity that surrounds the industry, meme coins are naturally far more unpredictable than bitcoin, therefore momentum and mood can be significantly more significant than technical research.
Is Mooky poised to succeed PEPE?
The cryptosphere is teeming with new crypto ventures, and there are a ton of alternatives that promise to do the impossible. But only a small percentage of them are genuinely supported by valuable technology, an expert staff, and long-term goals. Though a ground-breaking meme coin like $PEPE has demonstrated how a creative idea may alter the direction of the cryptocurrency market, another community-based token called DeFi is turning the tide in this area. Examining MOOKY and its potential to replace PEPE, let’s see what it’s all about.
Elon Musk encourages Pepe Price to advocate for a constitutional change
With regard to momentum, Pepe quickly rose to a market valuation that was momentarily above $1 billion, which was an amazing feat for such a new coin. Elon Musk, who tweeted this a few hours ago, has the greatest impact on the popularity of joke coins.
Meme currencies are far from being on their final legs, as some have prophesied, with Elon Musk in charge.
A lot more running seems to be in the cards for coins like Pepe, as well as the even more recent and maybe more promising meme coins Mooky and even Milady Coin.
Can Pepe really increase in price to $1?
According to pricing forecasts, Pepe might go to $1, which would represent a 60,827,150 per cent increase over its current value.
It may seem absurd, yet merely a little portion of that return might have a profound impact. Whatever the future may bring, individuals who purchased the drop yesterday are sitting on significant gains, proving the Warren Buffett adage to buy when others are afraid.
However, it was in the relative doldrums until Pepe went parabolic. Only once its presence became more publicly known did it begin to gain traction, with momentum flowing back into emotion to create a positive head of steam. Hot money may depart just as soon as it comes in, so during the last several days, that feeling threatened to turn around.
An eco-friendly meme character named MOOKY
The first thing that stands out while visiting the official MOOKY website is its primary goal. This year’s meme token combines the greatest meme coin features with green objectives. There has never before been a meme symbol that has gone so far as to promote planting trees all over the world in an effort to better the environment.
At its foundation, MOOKY is a community-owned token that uses its own governance architecture to encourage community involvement. The MOOKY community agrees on a DAO proposal to promote change and run the project via votes.
MOOKY has emerged as a fresh presale cryptocurrency with its innovative and novel concept. Following the endorsement of over 100 international communities, it has begun to circulate on the crypto news. But will MOOKY be the next PEPE given the publicity, acclaim, and big community?
Is LADYS Token Capable of Surpassing PEPE Coin in Size?
LADYS token is a huge success because of social media hysteria. Its market cap has increased by over three times since our previous piece, according to Coingecko, reaching $126 million. Across several centralized and decentralized exchanges, LADYS worth $63.8 million has been traded in the previous 24 hours.
On May 11, when the price of Milady meme coins peaked, its market capitalization surpassed $150 million. However, it is still far below the market valuation of the PEPE currency, which is $735 million. So, if LADYS intends to surpass the PEPE coin in size, it still has a way to go.
*This article was paid for Cryptonomist did not write the article or test the platform.
Source: https://en.cryptonomist.ch/2023/05/23/mooky-io-shiba-inu-next-explode/