Pepe is at the forefront of the meme coin craze this year.
When the frog-themed token entered the market last year, it was predicted to be a short-term phenomenon. Like most meme coins, Pepe was written off as a fleeting sensation riding a pump-and-dump wave.
But long-term investors proved this narrative wrong. Today, Pepe boasts a $6B market cap.
Has Pepe Saturated at $6 Billion?
Pepe’s action-packed journey has generated curiosity from meme coin investors and outsiders alike. The token was showing no signs of a slowdown for a while. But now that the market cap has crossed the $6 billion milestone, investors are jumping ship to new alternatives like PlayDoge and Base Dawgz.
Pepe 1-year price action, CoinMarketCap
Pepe has been proving the apprehensions wrong again. It has exploded 68% on the monthly chart and 6% on the weekly chart, recording a robust price trajectory.
With Pepe rising to the status of meme coin icons like Dogecoin and Shiba Inu, it is unlikely that the token will face a massive crash anytime soon. Especially with a strong broader market bull run around the corner, Pepe is looking at a bright road ahead.
However, Pepe will fail to outperform new meme coins with lower market caps.
PlayDoge, Base Dawgz, Dog Runes, Ben the Dog, and Beer Coin are good examples of the shifting trends.
$DOG Faces Correction, PlayDoge Takes Over
Dog (Runes) is one of the most popular meme coins of this season. The new project’s journey to an $800M+ market cap has been spectacular.
But $DOG is facing threats of a steep crash with the initial FOMO waning.
Dog (Runes) 1-day price action, 6 June 2024, CoinMarketCap
Stiff competition from PLAY and DAWGZ are predicted to push $DOG further down the charts.
PlayDoge (PLAY), in particular, is predicted to be the next big meme coin of 2024. While most meme coins opt for a purely speculative identity, $PLAY is a Tamagotchi-style play-to-earn meme coin that revives the 90s nostalgia.
In PlayDoge’s 2D adventures, gamers must feed, train, and play with their virtual pets to earn points and climb the leaderboards.
In less than two weeks since its launch, the PlayDoge presale is rapidly closing in on the $3 million mark. With this remarkable success, PlayDoge has solidified its position among the hottest cryptos of this month.
Introducing #PlayDoge – the only #P2E Doge companion! 🐶
— PlayDoge (@PlayDogeGame) June 3, 2024
Inspired by the legacy of #Tamagotchi, feed, train and play with your 2D Doge to earn $PLAY. 💰
Don’t neglect your doge, his life’s on the line 😲💀
Join the #Presale Now ⬇️https://t.co/JT0VEofqf2 pic.twitter.com/RoJYXLS1FH
What’s Fueling the PlayDoge Craze?
Most meme coins rely on sheer luck to gain traction. PlayDoge takes a different approach.
PlayDoge is much more than just a catchy label or speculative hype. Inspired by the Tamagotchi craze of the 1990s, the mobile game creates a fun experience for users with a meme coin twist.
By honing their gameplay, users can climb the leaderboards and secure extra rewards in $PLAY tokens. The native currency of the PlayDoge ecosystem unlocks a myriad of perks within the gripping 8-bit world.
To ensure low costs and a user-friendly trading experience, PlayDoge has found its home in the BNB Smart Chain.
With its unique P2E model and strategic planning, PlayDoge is rightly positioned for a meme coin pump this year.
PlayDoge’s staking system allows investors to lock in their $PLAY tokens and earn passive income over time. It is live from the presale stage, boasting an APY of 118% at the time of writing. The staking system supports the token’s long-term price stability.
The Tamagotchi revival has sent PlayDoge into the social media spotlight. Airdrops and giveaways are expected to further expand the PlayDoge community over the next few days.
Following in the footsteps of projects like Floki Inu, PlayDoge is looking at a bright road ahead. Rooted in play-to-earn utility, the project has high long-term relevance. It won’t be another fleeting meme coin sensation.
Base Dawgz Launches a Sizzling Hot Presale
Base meme coins have skyrocketed to a billion-dollar market cap this year. Projects like Brett, Degen Coin, and Toshi show that there is more to meme coins than their pet labels.
Building on the success, Base Dawgz (DAWGZ) is the viral new sensation in the niche.
Although Base Dawgz has found its home on the Base blockchain, it leverages a multichain strategy to maximize its accessibility. It will be tradable on Ethereum, Solana, Binance Smart Chain (BSC), and Avalanche.
Base Dawgz introduces a share-to-earn staking mechanism that provides investors with tangible incentives to hold their tokens. Base Dawgz is hosting an airdrop campaign, which has catalysed the presale momentum.
