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Crypto revolution: Memecoins take off – super cycle in sight!
Rich crypto investors invest heavily in memecoins like PEPE and WIF; Market shows signs of a new super cycle.
Crypto revolution: Memecoins take off – super cycle in sight!
In recent weeks, the crypto market has shown a remarkable recovery, especially in the memecoin space. Loud Newsbit Rich crypto investors have invested heavily in Pepe (PEPE) and Dogwifhat (WIF), suggesting the possible start of a new “memecoin supercycle.” At the same time, Bitcoin (BTC) has gained an impressive 24.5% over the past four weeks.
WIF's price performance has been particularly striking: it has seen an increase of over 124% and is currently trading at $0.94. Pepe, on the other hand, broke the resistance level at $0.000015 but is currently at $0.00001283 and has made a gain of 74.5% in the last four weeks. The broader crypto market is also in good shape, with many tokens recording double-digit gains. Brave New Coin states that market participants include both retailers and institutional investors.
Market growth and economic dynamics
The memecoin sector has undergone explosive development in 2024. Starting at around $20 billion in January, it rose to over $120 billion by December, an impressive 500% increase. Dogecoin, originally launched as a satirical project, has evolved into a legitimate financial instrument. Memecoins are no longer just speculative bets, they also represent social collaboration and digital value creation.
Currently, the memecoin market has reached a total value of $71 billion, registering a 7.3% increase on a day when the rest of the market corrected by 1.4%. These developments are attracting the attention of many investors. A large whale acquired 2.21 trillion PEPE tokens in three days, highlighting the active role of wealthy investors in the market.
Future forecasts
Looking into the future, experts predict that Dogecoin could reach a value of up to $2 by 2025. Shiba Inu Bone (BONE) is also seen as a potential star and could rise 3,500% with a listing on Binance, with a current price forecast of $15.5. WIF has also gained popularity by listing on Binance and is currently trading at $1.55 with a market cap of $1.54 billion.
Pepe Coin has experienced a massive 173,111,039.63% increase in value since its launch in May 2023 and now surpasses Dogecoin in 24-hour trading volume. Elon Musk's publicly shown interest in Pepe Coin has further increased the token's visibility. However, despite all the promising numbers, memecoins are associated with significant volatility and offer potentially high returns, although always with risk.
In summary, it can be seen that the Memecoin market is in a dynamic phase, characterized by above-average growth and great attention from investors. Observers are curious to see whether current trends will evolve into a sustainable supercycle, as has been the case in the past.