Memecoins, as the name implies, are coins created based on popular memes on social media. Pepe Coin (PEPE)is one such coin based on the “Pepe the Frog” meme. Most readers will be very familiar with its story due to its sensational performance in the crypto market.
PEPE basically came out of nowhere and pumped so much in such a short span that it basically made early investors overnight millionaires. Its market cap swelled so much that it even entered into the upper echelons of the crypto rankings. Since then, however, things have gone from bad to worse and it now looks like it could soon hit zero
This article will give a brief explanation of why rival meme coins Wall Street Memes ($WSM), Evil Pepe (EVIL PEPE), and Chimpzee (CHIMPZ) are ready to take Pepe Coin’s place.
Wall Street Memes- Could pump just like Pepe Coin
If we are looking for a coin that could replicate the success of Pepe Coin then look no further than Wall Street Memes ($WSM). Except it is much more likely that Wall Street Memes will be able to maintain its place high up the crypto ladder unlike Pepe Coin. The key to their success lies within the brand that the Wall Street Memes has already built proper to their coin launch.
The team behind the coin actually have some market adjacent experience. Back in 2021 they released a Wall Street Memes NFT collection and it sold out in just 32 minutes (!). So where does this popularity come from, and will it transfer to the crypto world? The answers to thise questions are their hige online presence and yes. The presale has already raised over $18 million and the hard cap being set at $30 million shows how much faith they have in the project.
So, about the brand. Back in 2021 a group of Redittors got together to try take on Wall Street by attacking groups that shorted stock. GameStop was the main target and they caused such a stir that it ended up being worldwide news and even caused one hedgefund to go bankrupt. From here the Wall Street Memes brand was born and now they have over 1 million followers across their social media platforms including over 255k followers on Tiwtter.
It is the Twitter account that can really help Wall Street Memes pump like Pepe Coin. It is followed by lots of big players in the crypto market including NFT trading platform Magic Eden and crypto YouTuber Cameron Fous. Elon Musk has even shown his admiration for the account in the past. This shows the reach they have and other big accounts interacting with the $WSM brand online can impact the crypto very positively.
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Evil Pepe- Could this spin-off be the reason PEPE is crashing?
As we mentioned, many experts are predicting that Pepe Coin could be heading toward zero and a lot of talking heads are wondering why? This is a coin that built a big community thanks to its fame following its incredible pump back in April and now its headed to zero? We think that it could be because of Evil Pepe (EVIL PEPE) the new meme coin that is close to selling out its presale after just a few weeks.
So-called imitation coins are normally projects we would advise investors to stay away from because they tend to be crash grabs thats piggy-back off the success of other successful projects. This often happens with meme coins. However, with Pepe Coin things have been a little different. Other coins following in PEPEs footsteps including Pepe 2.0 and Saudi Pepe enjoyed some success and now Evil Pepe looks set to outperform both.
This is likely because of how quick Pepe Coin pumped and then collapsed, it left investors that missed out with a feeling of FOMO. They want to invest but they missed their chance. Evil Pepe is the answer. The genius of the coin is it combines two of the internets favorite memes, Pepe of course and evil Kermit which is used to show the muppets characters evil side in a comedic way. The site already has hilarious memes using the template up on their site and on social media and crypto users clearly love it.
The team behind the project understood that the new trend of shorter presales is perfect for meme coins. They have set the hard cap at $1,996,002 as they understood that it is important to capatalize on momentum built up during presale. Listings beginning right after the presale is another smart move as they knew that they wanted to make the most of the attention the project would get.
Chimpzee- The hottest combo on the market
2023 has certainly been the year of the meme coin and a lot of that is thanks to Pepe Coin. Now that PEPE is on the downturn though there is space for some other coins to succeed. While meme coins are hot in the streets at the moment another sector of crypto is looming and that is eco-friendly coins. So what better project to get behind that a meme coin that is eco-friendly.
That is exactly what Chimpzee (CHIMPZ) is. The project is a vast ecosystem of activity thats ultimate goal is to pump and help rainforest conservation. 10% of every token will go to various charities that help the rainforest but it doesn’t end there. They have also promised that a share of the profits will be donated too. It is rare to find a project so overwhelmingly dedicated to mother nature.
The ecosystem itself will be a haven for crypto lovers as for the first time ever a project will have Shop2Earn, Trade2Earn, and Play2Earn all in the one place. Shop2Earn allows users to purchase awesome stuff from the online store and earn from a passive income. While the Play2Earn aspect revolves around the really cool looking ‘zero tolerance game’ that we are dying to try.
The Trade2Earn part of the site might be the most interesting as for the first time ever investors of the project will actually get a piece of the money made off each NFT transaction on the site. There will also be different levels of NFT passports that give better and better rewards the higher the level they are. Another project we are super excited to watch and a great choice to fill the gap Pepe Coin has left.
Conclusion
As Pepe coin looks like it is heading toward zero it is likely to leave a huge gap in the market. We believe this will be filled by Wall Street Memes, Evil Pepe, and Chimpzee. All of them have the unique qualities a meme coin needs to pump massively for its investors but crucailly they have teh staying power that Pepe Coin does not have.
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Will Macmaster
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