Enthusiasm for Pepe coin (PEPE), a Pepe the frog meme coin that exploded onto the scene in mid-April and claimed a market capitalization of around $1.8 billion at its all-time high, continues to wane. PEPE was last changing hands in the mid-$0.0000014s, down around 70% from its all-time high price in the $0.000005 area earlier this month. The crypto token is threatening a break below key resistance in the $0.0000012-13 area, which could lead to a drop back towards key support levels from earlier this month around $0.0000009 and $0.00000076.
At the current price, Pepe has a bloated market capitalization of around $600 million, limiting its potential upside. It’s hard to see Pepe posting more than 10x gains and becoming more than a $6 billion market cap coin. Instead, investors might want to hunt for low market cap gems that offer a much better chance at posting 10 or even 100x gains. Investing early in crypto token presales run by highly promising web3 start-ups has proven to be one of the most effective ways to generate high returns. Unlike meme coins like Pepe, such projects offer an actual use-case, thus infusing their tokens with utility and real value, something Pepe completely lacks.
Fortunately, there are many presale projects to choose from. For example, upstart crypto project Launchpad XYZ (LPX) is building a revolutionary, all-encompassing web3 platform aiming to make the highly “fractured and intimidating” web3 space more easily accessible. Launchpad XYZ’s platform intends to offer users all the tools they need to analyze, trade, and invest in NFTs, fractionalized assets, utility tokens, and web3 presales via its decentralized exchange, peer-to-peer NFT exchange, and trading terminal.
Crypto investors and traders are particularly excited about Launchpad XYZ due to its claim that it will provide the tools necessary to find the next 100x Web3 asset. The project also has an educational section to help newcomers and a newsletter for more experienced traders and investors. Launchpad is currently running a presale of its $LPX token, having already raised almost $500,000.
Another project worth mentioning is DeeLance (DLANCE), which is building an immersive non-fungible token (NFT)-powered metaverse platform to unite businesses and freelancers. Observers have called it revolutionary for the $761 billion-dollar recruitment sector. The project has already raised over $1 million in just a few weeks since the launch of its DLANCE token presale. As the presale reaches $1.2 million, the price will rise from its current super-cheap $0.033 level. Given that DLANCE will debut on major cryptocurrency exchanges later this year at $0.57, investors who get in now could potentially see gains of over 70%.
In conclusion, while meme coins like Pepe can generate investor interest, the long-term potential for high returns may lie
Source: Cryptonews
