The world of cryptocurrencies never ceases to amaze us, and the latest developments include several Ethereum meme coins making a comeback. After weeks of price correction, meme coins such as PEPE (PEPE), FLOKI (FLOKI), and Shiba Inu (SHIB) showed signs of reversing their downtrend, posting some gains early in the week. This sudden resurgence has brought a renewed sense of excitement and optimism to many meme coin enthusiasts.
In parallel, ETFSwap ($ETFS), an innovative investment token built on the Ethereum (ETH) blockchain, achieved a significant milestone with over $750,000 invested prior to the pre-sale. This article examines the recent performance of these Ethereum meme coins and delves into the factors driving their newfound momentum.
Last week, Bloomberg commented on the next phase of the meme coin mania on Base, a layer 2 scaling solution for Ethereum (ETH) built by Coinbase, hinting at a “resurrection” for the absurd cryptocurrency asset. The most trending Solana (SOL) meme coin Dog Wifat (WIF) increased over 7% and Ethereum's Pepe (PEPE) increased by 8.7% on April 4th. FLOKI also showed a performance of 4% in the same time frame.
Mid-cap Memecoin posted even more impressive gains. The memetic crypto segment on Base saw a 35.6% increase in market capitalization. The company’s flagship coin, DEGEN, soared 63% on April 3, for a weekly increase of over 400%. Less than three months after its launch, the market capitalization of this token reached $1.35 billion.
Pepe (PEPE) Shows Rise in Ethereum Meme Coin
Pepe (PEPE), inspired by the popular internet frog meme, made some gains this week to undo some fixes. This coin is known for its vibrant and active community and has attracted the attention of meme coin enthusiasts. The recent price increase shows renewed investor interest and confidence in this Ethereum-based meme coin.
FLOKI (FLOKI): Riding the waves of Shiba Inu
The value of FLOKI (FLOKI), named after Elon Musk's pet dog and riding on the popularity of the Shiba Inu (SHIB) meme coin, has also increased significantly. As the meme coin craze continues, FLOKI (FLOKI) is attracting investors looking to ride the wave of meme coin success. Cryptocurrency markets are prone to price volatility, but FLOKI's (FLOKI) recent gains demonstrate the memecoin's potential for big profits.
Shiba Inu (SHIB): Resilience and Resilience
One of the most famous Ethereum meme coins, Shiba Inu (SHIB), has shown resilience after an extended price correction. Despite the recent market turmoil, Shiba Inu (SHIB) holders remain focused on the coin's long-term potential.
This shows investors' strong interest and confidence in the project's future potential. As the Ethereum meme coin ecosystem gains momentum, Shiba Inu (SHIB) continues to be a prominent player in the space.
ETFSwap ($ETFS) investment exceeds $750,000
Amid the price volatility caused by some Ethereum meme coins, ETFSwap ($ETFS) achieved a significant milestone by topping the $750,000 investment mark.
ETFSwap ($ETH) is a proprietary trading platform built on the Ethereum blockchain that provides users with access to trade tokenized ETFs from a variety of industries on its comprehensive marketplace. Masu.
The trading platform hopes to capitalize on the growing popularity of ETFs and the growing demand for alternative investment options within the crypto community to build an innovative business model.
Key perks of this platform include easy sign-up with no KYC requirements, up to 10x leverage trading, a comprehensive ETF marketplace, the ability to easily exchange between cryptocurrencies and ETFs, and fractional ownership of ETFs. And so on.
As the project gains momentum and attracts more users, it is solidifying itself as a promising player in the evolving landscape of crypto and ETF investing.
Why Utility Outperforms Meme Coins
Cryptocurrency markets are known for their high volatility, and memecoins are no exception. As a result, some of these meme coins have continued to correct in price since their brief price increase. This is why some analysts recommend investing in cryptocurrencies with well-defined utilities like ETFSwap ($ETFS).
$ETFS is currently in active pre-sale at $0.00854 per token in stage 1, with a planned stage 2 price increase of $0.01831 per token.
For more information on the ETFS presale, please see below.
Buy ETFS Presale Tokens Now
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