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PEPE has seen a rough week of trading as the cryptocurrency fell by 10% over the past seven days.
The cryptocurrency failed to make ground above $0.0000019 last week and has since dropped to the current $0.00000146 level.
Amidst this PEPE fallout, several lesser-known tokens are starting to capture the attention of traders – with Wall Street Memes ($WSM), Thug Life Token ($THUG), and Chimpzee ($CHMPZ) being the three standouts.
PEPE Slides 10% This Week As Traders Bank Profits
PEPE underwent one of the most impressive memecoin surges in 2023, providing early buyers with over 30,000% returns in early-May 2023 as the memecoin achieved an extraordinary $1.5 billion market cap.
Since achieving these extraordinary heights, PEPE has been on a downturn, unable to return to the previously impressive levels.
The token found support at a crucial .786 Fib Retracement in mid-June, around the $0.0000008 level. Since then, PEPE has rebounded but could not set new support above $0.0000019 last week, causing it to drop to the current $0.0000014 level;
Despite the sell-off, the market cap for the memecoin hovers above $600 million – demonstrating the long-term holding from the community.
Nevertheless, the token is certainly experiencing a downturn, and traders are now hunting for alternatives that could provide similar returns.
Will PEPE Soon Be Worthless?
Although the token is experiencing a downturn, it’s still far from being worthless.
The fact that the token has managed to retain a $600 million market cap during its wipeout is a testament to the community spirit behind the project.
With such a strong community, coupled with its mainstream media attention, it’s doubtful that PEPE will become worthless anytime soon.
However, traders are aware that the huge returns for PEPE have passed, causing them to look elsewhere for outstanding gains.
This is largely because PEPE already has a huge market cap, meaning it would need to add another $600 million to provide a 2x return for traders today – which is much less than the 300x it provided in its earlier days.
Which Memecoins Are Traders Hedging Their Bets With
As PEPE continues its downward trajectory, investors are starting to hedge their bets with other tokens that are sailing under the radar and are capable of providing similarly impressive returns that PEPE provided in early May.
In particular, traders are hedging their bets with some standout presale projects allowing them to invest at the lowest possible prices before the tokens hit exchanges.
For example, tokens like Wall Street Memes and Thug Life Token are quickly gaining momentum as investors rush to be a part of these next memecoins, which are touted to provide impressive returns in the next memecoin wave.
Furthermore, Chimpzee, a new charity-giving memecoin that provides users with passive income, is starting to captivate investors’ hearts.
Wall Street Memes – Touted By Experts as the Next Memecoin Sensation
The first token that traders are hedging their bets with is Wall Street Memes, a project largely touted by most experts as being next in line to replicate the success of PEPE and become the next memecoin sensation.
Investors are quickly rushing to this presale, causing it to raise over $13.5 million in just a few weeks – making it the fastest-growing presale project in 2023.
Wall Street Memes takes inspiration from the r/WallStreetBets movement as it makes a mockery of the greedy capitalists on Wall Street through hilarious memes generating millions of views.
The project is sailing through its presale as investors are curious to see its long-term prospects, making it one of the most sought-after presales in the memecoin sector.
Wall Street Memes has a unique charm, stemming from its fusion of internet culture, meme-based humor, and decentralized finance – providing the perfect mixture for a rapidly growing community, which already has attracted over one million followers across its social media channels.
The huge following has turned the Wall Street Memes social media into the internet’s go-to place for the most entertaining trading and finance-related memes, attracting over 40 million monthly impressions.
The huge following has also captured the attention of Elon Musk, who has been seen commenting on the hilarious memes on several occasions;
The attention from the tech-mogul caused a flurry of investment into the project, as investors speculated that the billionaire ‘Dogefather’ found a new memecoin project to champion and push to new heights.
In addition, investors are confident in the team’s long-term commitment to the project after they refused to allocate any tokens for themselves in the presale.
Instead, the entire supply is dedicated to the Wall Street Memes community, with half being sold in the presale and half reserved to add liquidity to exchanges and provide community rewards.
This creates a solid tokenomics structure where investors don’t have to worry about the team dumping their free tokens on the market as soon as the project hits exchanges.
Overall, Wall Street Memes has created the perfect balance between hype and FOMO to help it turn $WSM into the next memecoin sensation in the sector.
With over two-thirds of the presale supply sold, investors need to act quickly to get positioned at presale prices before the token makes its debut on major tier-1 centralized exchanges.
Thug Life Token – Unique Presale to Ensure Level Investment Playing Field
Another memecoin making ripples in the market is Thug Life, a project that provides a unique presale proposal that ensures everybody can get invested on a level playing field.
Thug Life Token is quickly gaining traction as investors learn about the team’s previous successful project, $SPONGE, which provided 100x returns for early investors.
$THUG, the native token behind the project, provides a second chance to all those that have been played by their favorite influencers when trying to hustle the degen crypto markets.
The project adopts branding from hip-hop culture, inspired by the Thug Life movement popularized by stars like Snoop Dogg in the 1990s.
Ultimately, it intends to turn the bitter landscape of dumped presale projects into a prosperous space, helping traders turn their previous losses into wins.
The project is gaining considerable traction in its presale after raising over $800,000 in a few short days.
Investors are rushing to the fundraising as they’re intrigued by its unique presale that ensures everybody can get invested on a level playing field.
Instead of having multiple presale stages with different price points, $THUG will be sold during a single presale stage for $0.0007.
In addition, the project has enforced a $2 million hard cap, meaning investors will need to be quick to get positioned at early-adopter prices.
As a result of the hard cap, the market cap for $THUG will start at $2.94 million, providing it with exceptional room to surge higher once it hits decentralized exchanges.
The team has stated that there will be $200,000 of ETH guaranteed for the liquidity pool on its launch, which will be locked for three months by Team Finance – preventing any potential rug pulls.
Furthermore, they’ve stated that wide-scale marketing campaigns will help drive awareness.
Overall, $THUG presents a unique opportunity to get invested in a low-cap memecoin with an exceptional team behind it.
Chimpzee – A Revolutionary Eco-Friendly Project Changing the Way That People Donate to Charities With Passive Income
The final memecoin that traders are hedging their bets with is Chimpzee. This unique memecoin allows people to earn a passive income while positively contributing to the world by saving animals and preventing climate change.
Chimpzee is using Web3 technology to change how people contribute to charity while providing three avenues to passive income.
Investors are quickly rushing to this presale as it’s already making significant contributions to charities – even before the project has launched. This demonstrated the team’s commitment to the project.
For example, when the presale hit the $500,000 milestone, the Chimpzee ecosystem donated $15,000 to the WILD Foundation to help protect one of the world’s last herds of desert-adapted elephants.
In addition, the ecosystem has also contributed to One Tree Planted planting over 20,000 trees in Guatemala and has contributed significantly to saving the last black jaguar in Brazil.
🎉We achieved our 3rd Raise Goal and will plant 20,000 trees with One Tree Planted!
👏Thank you Chimpzee Army for coming together to help make a real world impact toward helping fight climate change! 🌲🌲
Lookout for our next raise goal to help the WILD Foundation save animals! pic.twitter.com/iu7QiXgL63
— Official Chimpzee Project (@RealChimpzee) June 6, 2023
The project has elements of shop-to-earn, trade-to-earn, and play-to-earn – all of which help to provide a passive income to holders.
In addition, there’s an entire NFT ecosystem behind this project – with the Diamond NFT Passport providing the maximum passive income to holders. These NFTs will be made available after the presale.
The project recently crossed the $800,000 milestone in its presale, selling the token for $0.0007.
Overall, Chimpzee is a groundbreaking Web3 project that is winning the hearts of investors as it continues to help the world become a better place through charitable contributions – while still providing passive income for investors.
