Ethereum bull market begins - How far will Ethereum memecoins such as PEPE and KAI rise?

Ethereum bull market begins - How far will Ethereum memecoins such as PEPE and KAI rise?

Ethereum soared early this morning, rising 19% compared to 24 hours ago. The cryptocurrency market has been on a downward trend since Bitcoin hit an all-time high above $74,000 in March. In May, some coins, including Bitcoin, began to rebound. Finally, as even Ethereum succeeded in recovering, meme coins such as WIF, PEPE, and FLOKI began to run wild. 


Dogecoin (DOGE) and Dogweep Hat (WIF) rose 7.45% and 10.25%, respectively, compared to 24 hours ago, while Ethereum-affiliated memecoin Pepe (PEPE) rose more than 19%. Due to the rapid development of the situation, the new Ethereum meme coin Kai Cat ($KAI) is also becoming a hot topic by raising $240,000 shortly after starting pre-sale. 

◆The era of ERC-20 memecoins such as EPE and KAI begins.

When Bitcoin rises 10%, 15%, or 20% over a few days or weeks, memecoins sometimes rise by 100% in one day. Bonk Coin also showed this upward trend on December 15, 2023, recovering all those who had recorded losses. 


Altcoin gems have made many coin traders millionaires over the past few years. If you look at overseas articles, you can often see stories of people turning a few thousand dollars into a million dollars or more after taking calculated risks. 

This also happened in Westchester, New York, in November 2020. After researching altcoins, unemployed brothers Tommy and James invested $200 each in Shibainu (SHIB). The two brothers told their parents, siblings, and other relatives about Sibainu, and the family continued to invest $100 each, eventually investing a total of $8,000 in Sibainu. 

In May 2021, CNN Business reported that the family's $8,000 investment was worth $9 million on the exchange. If you had invested $8,000 in Bitcoin during the same period, it would have been $27,000, but you would have earned returns that were dozens of times that much.

◆What is a hidden gem coin?

Cryptocurrency education portal BitDegree defines a hidden gem coin as follows:

“A hidden gem coin refers to a cryptocurrency that has not yet received public attention, but whose price is likely to rise in the future. All major cryptocurrencies on the market were once considered gem coins. “For example, when Bitcoin first appeared, few people recognized its potential.”

A strategy used by investors to dominate gem coins is pre-sale investment. If you wait until the official launch (IEO) on the exchange after the pre-sale ends, there is an advantage of being able to see a proven project, but you have to give up some of the profitability by purchasing tokens at a high price.  This is the reason why

investors are flocking to Kai Cat (KAI) pre-sale . Kaicat raised $240,000 within hours of launching presale. If you purchase now, you can purchase $KAI tokens for $0.0041628. Detailed information about KaiKat, an Ethereum meme coin and AI meme coin, can be found on the official website.
 

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