The world of cryptocurrency is never short of surprises, and the latest development involves some Ethereum meme coins looking to make a comeback. After weeks of price correction, meme coins like PEPE (PEPE), FLOKI (FLOKI), and Shiba Inu (SHIB) have shown signs of reversing their downward trends and have registered some gains earlier in the week. This sudden resurgence has brought a renewed sense of excitement and optimism among many meme coin enthusiasts.
In parallel, ETFSwap ($ETFS), an innovative investment token built on the Ethereum (ETH) blockchain, has achieved a significant milestone by surpassing $750,000 in investment before its presale. In this article, we will explore the recent performances of these Ethereum meme coins and delve into the factors driving their newfound momentum.
Last week, Bloomberg indicated a “comeback” of absurd cryptocurrency assets, commenting on the next phase of meme coin mania on Base, a Layer-2 scaling solution for Ethereum (ETH) built by Coinbase. The most trending Solana (SOL) meme coin Dogwifhat (WIF), added over 7%, while Ethereum’s Pepe (PEPE) increased by 8.7% on April 4. Floki (FLOKI) also demonstrated a 4% performance during the same time frame.
Mid-cap meme coins registered even more impressive gains. The segment of meme cryptos on Base witnessed a 35.6% capitalization increase. Its flagship coin Degen (DEGEN) spiked by 63% on April 3, pushing the weekly increase over 400%. Less than three months after launch, the token has accomplished a market capitalization of $1.35 billion.
Pepe (PEPE) Shows Ethereum Meme Coins On The Rise
Pepe (PEPE), inspired by the beloved internet frog meme, has experienced some gains this week to reverse some corrections. The coin, known for its vibrant and active community, has captured the attention of meme coin enthusiasts. The recent upswing in price indicates renewed interest and investor confidence in this Ethereum-based meme coin.
FLOKI (FLOKI): Riding The Shiba Inu Wave
FLOKI (FLOKI), named after Elon Musk’s pet dog and riding the popularity of the Shiba Inu (SHIB) meme coin, has also seen a notable increase in value. As the meme coin frenzy continues, FLOKI (FLOKI) has attracted investors looking to ride the wave of meme coin success. While price volatility is inherent in the cryptocurrency market, FLOKI’s (FLOKI) recent gains showcase the potential for meme coins to generate substantial returns.
Shiba Inu (SHIB): Resilience And Recovery
Shiba Inu (SHIB), one of the most well-known Ethereum meme coins, has shown resilience after a long period of price correction. Despite recent market turbulence, Shiba Inu (SHIB )holders remain committed to the coin’s long-term potential.
This indicates a strong investor interest and confidence in the project’s future prospects. As Ethereum meme coins see their ecosystems gain momentum, Shiba Inu (SHIB) continues to be a prominent player in the space.
ETFSwap ($ETFS) Surpasses $750,000 In Investment
In the midst of the price perambulation by some Ethereum meme coins, ETFSwap ($ETFS) has achieved a significant milestone by smashing the $750,000 mark in investment.
ETFSwap ($ETH) is a unique trading platform built on the Ethereum blockchain that offers users access to trade tokenized ETFs of various industry ETFs on its comprehensive marketplace.
The trading platform hopes to capitalize on the surging popularity of ETFs and the growing demand for alternative investment options within the crypto community to create an innovative business model.
Some of the key perks of the platform include easy sign-up without KYC requirements, leverage trading of up to 10x, a comprehensive ETF marketplace, the ability to easily swap between crypto and ETFs, and fractional ownership of ETFs.
As the project gains traction and attracts more users, it solidifies its position as a promising player in the evolving landscape of cryptocurrencies and ETF investment.
Why Utility Beats Out Meme Coins
The crypto market is known for its volatility, and meme coins are no exception. As a result, some of these meme coins have continued on a price correction since their brief price increase. This is why some analysts have advised investing in cryptocurrencies with well-defined utility like ETFSwap ($ETFS).
$ETFS is currently undergoing active presale at $0.00854 per token in its first stage, with a Stage 2 price increase scheduled for $0.01831 per token.
For more information about the ETFS Presale:
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