The Joe Rogan meme token, or ROGAN, withstood a significant rally recently as its value shot up by over 20,000% within a span of 24 hours. It rocketed to $0.00001376 following the integration of the ROGAN/WETH pair to Uniswap.
Bulging in the line of new meme currencies that have experienced exorbitantly above-average yields this year, ROGAN’s link to its source content is at best, dubious. Yet, this nascent virtual asset could potentially maintain its upward trajectory, notwithstanding the ever-present risk of a rug-pull with meme tokens. There is a slim chance, of course, that another newbie meme coin like Thug Life Token (THUG) could eclipse its sheen.
Critics might argue that the birth of virtual coins like ROGAN, which lack an identifiable community or team, might merely be fleeting shooting stars that instantly lose luster, followed by a steep decrease in price. Notwithstanding this, the substantial price hike observed in ROGAN since its pairing introduction on Uniswap holds its own allure for traders who are confident in their ability to make a quick exit before a market collapse.
At the other end of the spectrum lies the THUG token. Unlike ROGAN, which debuted directly on exchanges, THUG is strategically building a community-centric holder and follower base during its current pre-sale stage. With close to $325,000 already amassed in barely a week, it seems the appeal of the new meme token is resonating with investors. The ERC-20 coin, with its roots firmly placed within the gangsta rap and hip-hop communities, boosts a capital cap of $2,058,000.
Loyally devoted to a decentralized community ownership model, THUG is significantly lowering the threat of a major dump. In fact, it enriches its appeal by encouraging a larger audience to purchase the coin, aiming to augment its price in the long run.
However, potential investors keen to secure some THUG are advised to act swiftly as the sale concludes in 13 days. A single stage pre-sale process enables 1 THUG to be purchased at $0.0007. Post its listing on exchanges, this attractive price mark has the potential to increase substantially, leveraging on its growing follower base.
In conclusion, while perceived as high-risk assets, the cryptocurrency landscape holds its unique allure for those willing to experience the thrill of navigating its often volatile waters. Results are amplified phenomenally in cases of success – as it has been with Joe Rogan’s meme token, while others, like the Thug Life Token, wait in the wings, ready to make their mark.
Source: Cryptonews
