Meme coin mania has surged across the crypto market following a Trump US election win that has triggered a new bull run.
Analysts are now questioning if this new crypto stands to gain the most from Trump’s victory.
In this article, jump into the latest meme coin market price trends and explore whether there could be hotter meme coin opportunities in November 2024.
Donald Trump’s shock US election win earlier this week has green-lit risk-on sentiment for investors across the crypto market – from multi-billion dollar institutional inflows into Bitcoin to meme coin traders unloading their capital on trending tokens.
Looking at CoinGecko meme coin market data, the total market cap for meme coins has increased 3% over the past 24 hours to hit a jaw-dropping $74,479,585,058 valuation – a bigger market than Lithuania or Ghana.
The Department of Government Efficiency (D.O.G.E) is one of the biggest gainers after the election result.
It has surged 272% in 7 days, fueled by excitement over Elon Musk’s expected role in the Trump administration.
Another notable rise has been the emergence of PEPECOIN in a KOL-led rally by prominent meme coin traders such as 0x_fbb4.
The goal is to revive the first and original Pepe, and the cross-hairs are firmly set on PEPE’s head as the #3 meme coin.
FBB4 PepeCoin Thesis⁰⁰Pepe the Frog is one of the internet’s most beloved memes. It has a historic narrative with thousands of meme images posted across all major social platforms, and is known to many outside of crypto as well.
In 2016, as a tribute to meme culture and Pepe’s… pic.twitter.com/RHkKCIKwSU— fbb4 (@0x_fbb4) November 7, 2024
How Are The Top 3 Meme Coins Performing?
The top 3 meme coins by market cap are pulled into focus, including the 8th largest cryptocurrency in the world, Dogecoin (DOGE), with a market cap of $28,634,119,037.
This is followed by the 16th largest cryptocurrency, Shiba Inu (SHIB), with a market cap of $11,077,764,730, and finally, the 29th largest, Pepe (PEPE), with a present market cap of $4,500,850,505.
Over the past two months, all of the top 3 meme coins have posted impressive growth, with Shiba Inu climbing 38.56% since the start of September, just behind PEPE price, which has posted +45.88%
Yet, the breakout success of the Elon Musk-backed Trump campaign has fuelled a dramatic price surge for DOGE – which has gained +93% in the same period.
Similarly to the Department of Government Efficiency pump, these meme coins have been bolstered by Trump’s connection with the self-proclaimed ‘CEO of DOGE’, especially as Musk tweeted teasing messages in the lead-up to the election.
The Department of Government Efficiency will be epic pic.twitter.com/XKgp0lvVy9
— Elon Musk (@elonmusk) September 5, 2024
Yet, away from multi-billion dollar coins, there is also a lot of strategic positioning occurring at the lower end of the market caps, with smart money investors flocking to Pepe Unchained’s new degenerate layer-2 this week following the announcement of a new Pump.fun dApp.
Pepe Unchained: Developer Grant Fund and New Pump.fun dApp Fuel Viral Hype
Pepe Unchained isn’t just a meme but also a complete, fast, and cheap Layer-2 blockchain.
Ethereum handles about 15 transactions per second, which makes trading slow and costly. Pepe Chain, a Layer-2 solution, aims to fix this.
With PEPU, traders can avoid Ethereum’s high fees.
Moving assets between Ethereum and the PEPU Chain will also be simple and quick, which could attract many users, especially during peak times.
The ‘Frens with Benefits’ program offers grants to developers.
These grants encourage developers to create apps on Pepe Chain. Applications open in Q4 2024. This will help grow the Pepe Unchained ecosystem.
PEPU has over 47,000 followers on Twitter, and crypto influencers on YouTube are also taking notice. Before its official launch, more than 150 million $PEPU tokens were already staked, with a current APY of 94%. This shows strong support from the community.
Over $25M Raised: Is PEPU Part of the Next Super Cycle?
But the Pepe Unchained ecosystem is just getting started. The project has just unveiled Pepe’s Pump Pad, a meme coin launchpad similar to Pump.fun, designed to make Ethereum the epicenter of the meme coin world.
And just like Pump.fun, Pepe’s Pump Pad makes it easy for anyone to create their own meme coin – no coding knowledge required. Users can instantly launch their meme coins with a simple two-click process on their website.
PEPU hit $25.6 million in presale quickly.
This big number shows strong demand. The project’s staking model and tokenomics add even more appeal.
Investors can buy $PEPU at $0.01239 with ETH, BNB, USDT, or even bank cards directly from the Pepe Unchained website. It’s easy and accessible.
Small brains need love to,
Pepe doesn't discriminate.pic.twitter.com/g5NbtrQlS9
— Pepe Unchained (@pepe_unchained) November 7, 2024
The market is highly bullish, especially for meme coins. The Frog is popular once again, and PEPU is catching attention.
Some analysts believe a meme coin SuperCycle is coming. If true, Pepe Unchained could be at the center of it.
Visit PEPU Here
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