(MENAFN- News Direct) The crypto market experienced a rough opening day but is now showing signs of improvement, with a 1.08% increase and a market cap of $1.11 trillion.
As expected, several crypto assets are posting gains, including the $PEPE token, which has seen a 2.48% surge in the last 24 hours.
Meanwhile, another meme coin project wall street memes has just crossed over $5.3 million in presale raise, and AI-powered meme generation platform AiDoge has also completed its presale with over $14.9 million raised, making these tokens ones to watch in the coming weeks.$PEPE Pushes Into Green Zone After Dismal Drop
Launched in mid-April, the $PEPE token surged more than 8,000% in one day, hitting over $1.6 billion in market cap. This saw it hit a record value of $0.000004354 on May 5th.
Sequel to its success, $PEPE became listed on top tier-1 exchanges like Binance and OKX. This meteoric rise gave precedence to the meme coin sub-sector, with many similar projects receiving widespread growth.
However, $PEPE has maintained a strong position in the meme coin space. At press time, the token is experiencing an uptrend of 2.48%, with its current price standing at $0.00000110.
This follows a 2.44% increase in its market cap to $424 million, making it the 88th most valuable cryptocurrency.
Like Shiba Inu, $PEPE derives inspiration from the Dogecoin craze. However, the project is much more deflationary than other meme coins, with only 420 trillion PEPE coins to be in circulation, in contrast to the unlimited token supply that older meme coins hold.
The internet meme, Pepe the Frog, was created by Matt Furrie in the early 2000s and was widely used on social media platforms. It features a green frog with various expressions to match different situations.
$PEPE is now viewed by many as a fresh start for the meme coin ecosystem. Its rapid growth has inspired the creation of other meme coins, including Wall Street Memes and AiDoge, which have also gained significant attention.Wall Street Memes Backed to be the Next Pepe After Passing $5M In Presale
The financial market is controlled by big businesses and powerful machines deployed to execute preset market orders.
Following a paradigm shift orchestrated by the 2021 GameStop events, a new financial order is in vogue.
A meme crypto project called wall street memes has emerged to capitalize on this change and enable anyone to profit from seemingly worthless coins.
The project's developers view it as a way of documenting the internet's triumph over rampant capitalism and greed.
The team has a successful track record in the crypto space, having sold out a Wall Street Bull NFT collection within 32 minutes on Ethereum in 2021.
The project has garnered attention from contrarians such as elon musk , who have expressed support for its mission.
Wall Street Memes has also launched a Bitcoin-native digital collectible called Wall Street Ordinals NFT, keeping up with the trend in the crypto space.
The project's native token, $wsm , has raised over $5.3 million in less than a month since launch. Traders are now backing the token as a potential 100x meme coin .
This shows the huge appeal the Wall Street Memes project is generating in the crypto space. Interested investors can now purchase the $WSM token at its current presale price of $0.028 before it increases to $0.0283.
AiDoge Raises $14.9m for AI-Powered Meme Creation Platform, IEO on June 19th
visit wall street memes presale
Another meme coin which has broken into the spotlight is the aidoge blockchain project and its native $AI token. The meme crypto protocol combines the power of artificial intelligence to generate real-time memes for social media users to use.
The platform is equipped with an AI meme generator, text prompts, and credits, trained with billions of memes from all over the world.
With the AI meme generator, users can insert text prompts like OpenAI's ChatGPT and choose from a list of results provided by the platform. aidoge.com users require credits to use text prompts, which they can obtain using the platform's $AI token.
The $AI token also serves as a reward mechanism for the best meme artists, who are publicly voted for by community members.
The digital asset has been one of the outliers in the crypto space, completing its presale stage in record time and raising over $14.9 million in investor funds due to its strong utility metrics.
The $AI token is set to be listed on an exchange on June 19th, with big things expected of the coin. Investors can still buy the token at its listing price of $0.0000336.
DISCLAIMER: This is not to be taken as investment advice. Crypto is a volatile asset, do your own research before investing and only invest money you can afford to lose. We may receive commission for clicking links in this article.