Meme coins like Dogecoin and Shiba Inu, born from internet culture, are gaining popularity and reshaping the crypto market landscape.

Ever since the inception of the first cryptocurrency to the global finance market in 2009, crypto has continued to reshape the global finance. Within the cryptocurrency sphere, a subcategory has risen called meme coins. These are digital assets born from internet jokes and cultural phenomena. Starting off as more of a joke, meme coins have come to surge in popularity and in market relevance. It is a movement with cultural roots, which shows potential for immense gains, as meme coins such as Dogecoin, Shiba Inu, and Wallstreet Pepe, have become mainstays in digital asset portfolios. Each of these plays on a popular meme, such as Dogecoin’s Shiba Inu ‘Doge’ meme or Wallstreet Pepe’s ‘Pepe the Frog’ comic character. 

The rise in popularity of meme coins is reframing cryptocurrency investment norms, while encouraging younger generations to engage with financial markets. 

Meme coins and financial nihilism

Investing in meme coins is not just about profit for many: It is also about resisting traditional financial systems, as these among younger generations are viewed as obsolete and exploitative. This sentiment is referred to as ‘financial nihilism’, and it reflects a widespread loss of faith in conventional finance. This has especially been the case among Millennials and Gen Z. 

Due to inflation, volatile markets, and lower incomes, many young investors are increasingly unable to afford housing and other major investments. Rising living costs and inflationary pressure continue to be a reality for many. As a response, many are exploring alternative financial avenues, which in some cases can offer a fast track to financial independence. This is where meme coins have become a frontrunner of opportunities. 

Research from Altify highlights the trend: It shows that meme coins’ cultural resonance and the accessible entry points of them are luring many first-time investors into the digital asset space. For crypto investments, Bitcoin and Ethereum are still in the lead as safe and long-term assets. However, meme coins show promise of exponential returns, making it desirable for risk-tolerant investors who can accept the volatility of these tokens.

According to Altify’s data, both Dogecoin, Shiba Inu, and Pepe have outperformed Bitcoin and Ethereum over the last 3 and 6-month timeframes. Especially Pepe have been standing out by outperforming both Bitcoin and Ethereum by over +1,650% on a 12-month basis. 

Meme coins as cultural movements

Meme coins go beyond finance with roots in the social and digital realms. Meme coins draw from Richard Dawkins’ concept of memes, which are cultural units propagating ideas. Meme coins are, therefore symbols of the internet age’s collective humor, irony, and rebellion against the status quo. Take for example Dogecoin, which is based on a Shiba Inu meme. This crypto has since attracted influential personalities like Elon Musk, who helped elevate it to mainstream visibility. Meme coins are, therefore the embodiment of a blend of humor and finance, making them resonate with an online culture rooted in satire and viral trends. 

Pepe Coin, or Wallstreet Pepe, is inspired by the famous ‘Pepe the Frog’ meme. This meme coin has both generated financial gains for holders, but it has also sparked an online community identifying with the ethos of subverting traditional finance. In comparison with conventional cryptocurrencies, meme coins prioritize community and meme culture instead of fundamental technological advantages, 

The economic influence of meme coins

Meme coins are largely perceived as speculative assets. However, they have demonstrated considerable staying power. Since the beginning of the 2023-2024 cryptocurrency bull market, meme coins have continued to outperform more established digital assets. Research has found that there is a tendency of meme coins to surge in value when bull market near their peaks. 

With this cycle, meme coins are showing strength earlier, which suggests an evolving market dynamic. Data from the 2024 cryptocurrency cycle has found that the popular meme coins include Dogecoin and Shiba Inu, which are outperforming Bitcoin and Ethereum significantly. Analysis suggests that the appeal of meme coins lies in their low initial cost and the potential of high returns. This has especially become attractive for younger investors who do not have substantial initial capital. 

However, the gains from meme coins come with risks. Volatility is an inherent feature of meme coins, which can result in investors experiencing rapid value fluctuations. Where Bitcoin and Ethereum are stable assets with long-term growth potential, meme coins are behaving more like speculative stocks. Take for example the 1,650% rise of Pepe Coin over the past year: This is both highlighting the potential of this meme coin, but also the unpredictability of meme coin investments. 

The mainstream impact of meme coins and institutional interest

As meme coins are gaining momentum, they have attracted the attention of institutional investors and mainstream exchanges. For example, Wallstreet Pepe has gained traction as it mirrored the anti-establishment ethos of the Wall Street Bets movement, which rose to fame in 2021 by driving up stocks like GameStop. Currently, Wallstreet Pepe is a niche asset, but the reception of the digital assets highlights how meme coins are tapping into larger socio-economic sentiments. 

As meme coins are growing in popularity, major exchanges are starting to list meme coins and offer them alongside more established cryptocurrencies. This inclusion is granting legitimacy to meme coins, which is both appealing to retail and institutional investors. Major exchanges such as Binance and Coinbase have seen increased trading volume on meme coin listings, which is directly reflecting how meme coins are having an increasing impact on cryptocurrency exchanges and the financial sector. 

Discover why analysts say PropiChain will outperform Ethereum and Solana. It is set to give traders 100x.

Ethereum and Solana have asserted some dominance as high-performing altcoins in the cryptocurrency ecosystem, assuring investors high profits. But according to some savvy analysts, the best shot at a 100x return in 2024 isn’t with these crypto giants. Instead, it’s with a new breed of Real-World Asset (RWA) altcoin that is quietly gaining momentum, PropiChain (PCHAIN).

Interestingly, the growing interest in PCHAIN is fueled not by unrealistic expectations but by the utility-focused benefit of being one of the fastest-growing RWA altcoins. Because of this solid use case, it may revolutionize the use of blockchain technology in solving real estate challenges. Let’s learn more about PropiChain.

PropiChain set to outperform Ethereum and Solana

Ethereum (ETH) and Solana (SOL) are heavyweights in cryptocurrency. Ethereum is one of the earliest altcoins and spurred the growth of decentralized applications (dApps). Solana, on the other hand, is focused on making dApps more affordable and scalable.

It is no news that Ethereum and Solana are the go-to altcoins for many new cryptocurrency investors, particularly due to the stable ecosystem and high-performance records. This makes them highly preferred among old investors as well.

However, the price performance for Ethereum and Solana has disappointed investors; the coins have yet to be able to achieve new highs in the current market cycle, and according to numerous forecasts, this will be the status quo for the coming months. 

On the other hand, PropiChain is taking a stance as a blockchain project backed by real-world assets. Because PCHAIN would provide access to the $300 trillion real estate market, users will get their 100x when the coin officially launches.

PCHAIN: The solution to real estate challenges

PropiChain is redefining the real estate industry by integrating real-world assets with blockchain technology, making it a game-changer compared to traditional platforms like Ethereum and Solana. 

While these platforms focus on enabling decentralized applications, PropiChain brings a fresh approach by addressing real-world problems in the property market through the seamless combination of NFTs, AI, fractional ownership, and the metaverse.

The project tackles some of the biggest challenges in real estate, like lengthy legal procedures, lack of transparency, and high entry costs. At the heart of its innovation is the NFT tokenization feature, which transforms physical properties into digital assets, making transactions faster, more secure, and easier to manage. 

These NFTs enable fractional ownership, allowing users to buy portions of their dream properties without massive upfront capital. It’s a groundbreaking way to democratize real estate investment, bringing liquidity to a traditionally illiquid market.

Another feature that sets PropiChain apart is its AI-powered features. The AI technology helps predict market trends, streamline transactions, and even automate property valuations, reducing human error and saving time. This gives investors insights into emerging market opportunities and a competitive edge.

Smart contracts simplify real estate transactions, automating leasing, rent payments, and renewals. They execute transactions when predefined conditions are met, eliminating intermediaries like brokers and legal representatives.

This unique blend of blockchain, AI, and NFTs positions PropiChain as a future-forward platform in the trillion-dollar real estate market.

Why analysts are predicting 100x win in 2024

There has been a lot of buzz surrounding PCHAIN’s token presale due to growing interest among cryptocurrency investors and enthusiasts. This interest is based on a couple of reasons.

In addition to all its other features, PropiChain will use the metaverse to create an immersive experience for investors. This allows users to explore virtual real estate spaces, interact with properties, and purchase or sell them digitally. 

Unlike traditional real estate transactions where buyers and sellers negotiate physically, which wastes valuable time, PCHAIN combats this by creating a virtual environment where all parties can negotiate without geographical barriers.

Also, PCHAIN is prioritizing a safe and trusted platform through its robust Know Your Customer (KYC) and Anti-Money Laundering (AML) infrastructure.

This blend of AI, blockchain, metaverse, and tokenization makes PCHAIN a game-changer in the real estate world.

Conclusion

In a market dominated by giants like Ethereum and Solana, it’s easy to overlook the hidden gems that offer massive potential. But if traders are aiming for a 100x win in 2024, RWA altcoins like PCHAIN could be the best bet. 

PropiChain (PCHAIN) affords users a unique opportunity to buy into the real estate market through a blockchain-based platform, just like they’d buy a crypto.

Built by skilled engineers and using the latest technologies in the cryptocurrency ecosystem, PCHAIN has massive growth potential. Interestingly, the presale is still in its first stage, and investors can now join at Propichain.io.

To learn more about PropiChain presale, visit the website and join the community.

Bitcoin is nearing its all-time high, just 2% away, fueling hopes for an $80K November and potential altcoin surges like Pepe Unchained.

Bitcoin is trading less than 2% away its all-time high (ATH), and traders are ecstatic.

With momentum on its side, $80K is within reach in November. This lays the way for smaller altcoins like Pepe Unchained to also explode.

Bitcoin successfully flips HTF resistance to support, analysts point to $80K

Bitcoin recently broke out from a seven-month resistance, and now it’s turned it into support.

The market-leading crypto displays huge momentum after flipping its long-term resistance into support, now trading at $72.3K.

Adding confluence to this breakout, BTC has just experienced its highest-ever close of a 3-day candle.

Momentum is clearly in its favor.

And with that, there’s every chance it smashes past its ATH this week and ventures into uncharted territories in November.

How far can it go? $80K is a target everyone is watching closely.

After Bitcoin successfully broke and retested the descending channel resistance, analyst Castillo Trading predicted it would hit the $80K mark next.

And Bitcoin looks strong away from the charts, too.

The Federal Reserve will have its next meeting on 7 November to decide whether to cut interest rates.

CME FedWatch data suggests a 98.9% chance of a rate cut. The last rate cut, in September, caused BTC to rally from $52K to $70K.

Moreover, the US presidential election is just six days away and is expected to be a bullish event for the crypto market.

CNBC analysts conclude that Bitcoin will reach $80K in 2024 “no matter who wins the election.”

However, the pro-crypto stance adopted by Trump would likely expedite these gains should he take office.

After creating an ATH in March, Bitcoin and the broader crypto market have struggled to stay afloat since. However, that’s all changing as Bitcoin teeters on another breakout.

This sets the stage for altcoins to soar, similar to during Bitcoin’s Q1 2024 rally.

Analysts are tipping Pepe Unchained as a big winner among altcoins. The project raised over $22 million in its presale and is creating something entirely new in the joke token sector.

Pepe Unchained might be a multi-billion dollar meme coin as presale explodes

Pepe Unchained has generated unprecedented success in its presale, reflecting a deep market interest.

What’s the project all about? It’s building an Ethereum layer 2 blockchain for meme coins.

Ethereum users face high fees and slow speeds, particularly for meme coins, where most activity occurs on the main network.

Plenty of Ethereum layer 2s are on the market to combat this, but most are focused on use cases like DeFi, NFTs, and real-world assets. Pepe Unchained is the first that will provide a home for meme coins.

The meme coin market has been on fire in recent months, with countless projects providing 10x gains or more. 

Analysts believe that Pepe Unchained’s unique position as a layer 2 for meme coins could make it the next to explode.

Umar Khan from 99Bitcoins says it could provide an “easy 50x to 100x gain.”

Given that it has already raised $20 million, this would give it a valuation in the billions, instantly making it one of the top 75 cryptocurrencies by market cap.

However, considering its goal of being crypto’s home for meme coins, even that might be conservative.

Like all projects, Pepe Unchained carries risk, and only time will tell.

But there’s one thing for certain: this is a project to watch closely as Bitcoin enters uncharted territory.

For more information, visit the Pepe Unchained presale website and join the community X and Telegram for the latest updates.

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