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Pepe is proving to be much more resilient than many thought, and it had a massive price push in the past few days. The PEPE token started gaining traction on Feb 24, but it took off on Feb 27, gaining over 60% in just one day. The token's impressive price pump leads the meme coin sector, followed by DOGE, BONK, and other memes.
The meme coin market is expanding quickly, so investing in upcoming platforms will likely result in explosive returns. So, let's see what's going on with PEPE, and we'll cover the newest meme launching under the name Frog Wif Hat, the next high gainer in the meme coin market.
Pepe went live in April 2023, gaining modest traction among crypto investors, reaching an all-time high of $0.000004 a month later. However, after the initial gains, the token lost most of its value, entering a period of corrections, and it kept losing value over the next six months. By October, PEPE coins were 80% below their ATH, losing their spot among the top 100 cryptos on the market.
The token entered 2024 at the price range of $0.000001313, and despite having smaller gains in January, it dropped below $0.0000010 in early February. And then, suddenly, the token exploded in the past few days, pumping to $0.0000033, where it is currently. The platform outperformed the leading memes, including DOGE, SHIB, BONK, and others, pumping by nearly 200% in the past week and over 60% in the past 24 hours alone. It reached a market cap of over $1.38 billion, regaining momentum and attracting crypto whales to the table.
The coin is testing the extremely high resistance level of $0.00000350, and if the bullish market continues, it could pump by another 100% in the next month. However, if it loses support, it could drop to $0.00000209, and if it tests the lower support level, it could return to the price range of early 2024. While the platform did see some significant gains in the past week, a new meme coin, Frog Wif Hat, is preparing for major gains and could likely steal the spotlight from Pepe and other popular memes in the upcoming period.
Solana meme coins took the spotlight in the past few months, as the release of Solana-based memes such as BONK, MYRO, WIF, SMOG, and others reported significant gains days after going live. Solana memes are currently the hottest meme coins on the market, and Frog Wif Hat is the next addition that is expected to explode in the upcoming weeks.
Even though Frog Wif Hat is built on the Ethereum blockchain, it will get the full support of SOL during Phase 2, making it available to a larger audience. It's originally an ERC-20 coin with a bridge to SOL SPL, and it might be launched by the founders of other high-gaining memes such as Smog, Dogwifhat, Myro, and Bonk.
$FWIF tokens combine assets from the crypto community's favorite coins, providing investors with another high-gain potential investment opportunity. It's a Frog wif a hat, and it went live on Uniswap without a presale event. The launch attracted investors in mass, and $FWIF tokens immediately went up by 849%, reaching a price of $0.004 per token. The platform received major support from the crypto community, and the number of investors is growing day by day.
Unlike Dogwifhat, which capitalized on cuteness, Frogwifhat focuses on rudeness and a quirky sense of humor. It portrays an image of a French Frog wif a hat, with a baguette in its hands. If you visit the official site, you will see that the content is written in a mixture of French and English, dubbed Frenchinglish, making fun of the stereotype of a French person trying to speak English.
The imagery shows a grumpy frog who enjoys cigarettes and cheap wine, fighting through crypto markets with a baguette instead of a sword. The humor is a bit edgy, but it attracted thousands of investors looking for the next high-gain investment option.
Frog Wif Hat went live with perfect timing, making it an excellent investment option. According to the official roadmap, it won't introduce new utilities or revolutionary features to reimagine meme coin markets. Instead, it uses what works, combining features of popular memes on the market.
Its goal is to reach over 10.000 $FWIF token holders and a market cap of $100 million. It's originally an Ethereum-based meme, but it will get the support of the Solana blockchain using PortalBridge in phase 2. That will expose the token to the growing Solana meme coin community, extending its reach and likely resulting in a major price boost.
The platform has 1 billion tokens, and the entire supply is already in circulation. It includes a locked liquidity pool, 0% tax, and an audited smart contract. Therefore, it's designed according to the best industry practices and is as legitimate as any other successful meme on the market.
Frog Wif Hat's unique imagery aims to capitalize on the popularity of so-called Wifhat meme coins. Like a true meme coin, it offers high gain potential built on crude humor. Like PEPE and other high-gaining memes, it went live without a presale, so the sooner you invest, the better chances you have of getting high returns. The project has yet to reach its goal of $100 million, but with enough support, it could become the next PEPE, potentially even outperforming it in the upcoming period.
