Cryptocurrency markets are currently a-blaze with new digital tokens flaunting astronomical returns. Enter $XRP2.0 showing a whopping 31,000% gain and the latest addition to the meme coin scene, $BEBE, surging at an incredible 36,000%. Hold your horses! Burn Kenny Coin and Evil Pepe Coin might just be the emerging stars you shouldn’t ignore.
Launched a day ago, $XRP2.0 is benefiting from the positive price pressure XRP has in view of the recent SEC case ruling which deemed its sale to retail investors as non-security. However, other than the name, XRP2.0 bears no similarity to XRP. The odds of it sustaining its gigantic bull run might be slim, but the unpredictability of its price could keep traders hooked. Meanwhile, $BEBE coin, a straight-up meme coin and self-proclaimed “latest addition to the Pepe coin saga” seems quite bare in terms of marketing spend and prowess.
Yet, the tokenomics of $BEBE seem reasonable with no transaction taxes nor blacklisting features in the contract, as per DexTools. Despite limited marketing efforts, the initial success of both coins reflects the market’s appetite for new coin launches, whether they carry a 2.0 version theme or a Pepe theme.
Moving through the crypto cosmos, South Park-inspired Burn Kenny, a meme coin, appears promising. After raising $250 in less than an hour, the coin’s presale is expected to hit the hard cap target of $500,000 quickly. Designed to have 30% of its total token supply burned over a three-day period post-listing, Burn Kenny is predicted to rocket at listing, promoting the need to have wallets ready for a quick purchase.
Another gem making a buzz is Evil Pepe Coin, another addition to the Pepe coin saga, yet taking a different, darker angle. PEPE coin has established quite a reputation with a market cap surpassing a staggering $600m. Joining in the rally, $EVILPEPE has already raised a significant chunk of its hard cap target in less than 24 hours. Could it bring 1,000x gains? Only time will tell.
In the end, the rise and fall of these coins will lean heavily on brand strength and marketing. Despite the potential for massive returns, remember crypto remains a high-risk asset class. It’s essential for investors to exercise discretion, do their own research and regard any information as purely informational and non-constitutive of investment advice. You might reap huge rewards or could experience the downside of losing all your capital. Approach with caution!
Source: Cryptonews
