{"id":155586,"date":"2023-10-26T13:09:09","date_gmt":"2023-10-26T13:09:09","guid":{"rendered":"https:\/\/crypto-economy.com\/?p=155586"},"modified":"2023-10-26T13:20:55","modified_gmt":"2023-10-26T13:20:55","slug":"memecoin-shib-pepe-and-doge-head-for-the-top","status":"publish","type":"post","link":"https:\/\/crypto-economy.com\/memecoin-shib-pepe-and-doge-head-for-the-top\/","title":{"rendered":"Memecoins: SHIB, PEPE, and DOGE soar in the last few hours"},"content":{"rendered":"
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The market continues to show positive trends. While Bitcoin and Ether have experienced a notable resurgence in recent weeks, some of the rising stars are the so-called “memecoins.”<\/p>\n<\/div>\n<\/div>\n<\/div>\n

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These are cryptocurrencies<\/a> that often take their name and inspiration from popular memes and have gained ground in the ecosystem due to their volatile nature and appeal to investors seeking rapid growth opportunities.<\/strong><\/p>\n

In the last 24 hours, Shiba Inu (SHIB<\/a>), one of the most well-known, increased by 7%. But it’s not alone in this race to the top. Other coins, such as Pepe (PEPE<\/a>) and Doge Coin (DOGE<\/a>), have experienced significant increases in their value in recent days.<\/p>\n

\"memecoin<\/p>\n

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PEPE has risen by nearly 30% in the last 24 hours and 92% in the past week, while DOGE saw an increase of 9.67% in the last day and 23.91% in the week.<\/p>\n

\"memecoin<\/p>\n

\"memecoin<\/p>\n

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The Rise of Memecoins<\/h2>\n

One of the reasons behind this resurgence of interest in memecoins could be the overall enthusiasm in the community.<\/strong><\/p>\n

Rumors about the potential approval<\/strong> by the U.S. Securities and Exchange Commission (SEC) of a Bitcoin exchange-traded fund (ETF) proposed by the economic giant BlackRock<\/strong> have been circulating for some time, creating an optimistic atmosphere in the market as the year comes to a close.<\/p>\n

Furthermore, specific events related to memecoins have also contributed to their respective surges.<\/strong> For instance, the team behind PEPE recently announced that they burned nearly 7 trillion tokens, equivalent to approximately $6 million at that time.<\/p>\n

This token burning is seen as a bullish move since it reduces the supply of an asset, potentially increasing its value in the market.<\/p>\n

In the case of SHIB, its creator re-emerged on social media after a prolonged silence and announced that they are working on new strategic partnerships to enhance Shiba.<\/p>\n

Beyond their potential appeal for generating substantial profits in a short period, memecoins are not without risks.<\/strong><\/p>\n

Most of them have few or no real-world use cases and are often based on popular trends or memes. This means their value can be highly volatile and, in many cases, primarily driven by speculation.<\/strong><\/p>\n

While they can offer intriguing investment opportunities, investors should be aware of the inherent risks and carefully consider their strategies before venturing into this market.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

The market continues to show positive trends. While Bitcoin and Ether have experienced a notable resurgence in recent weeks, some of the rising stars are the so-called “memecoins.”<\/p>\n","protected":false},"author":34,"featured_media":155593,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[70,123,74,115],"tags":[5225,9756,9488,5485],"_links":{"self":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/155586"}],"collection":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/users\/34"}],"replies":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/comments?post=155586"}],"version-history":[{"count":0,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/155586\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/media\/155593"}],"wp:attachment":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/media?parent=155586"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/categories?post=155586"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/tags?post=155586"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}