The crypto market has started the week positively, with some unlikely meme coins leading the pack.
Pepe (PEPE), Mumu the Bull (MUMU), and presale project Dogeverse (DOGEVERSE) are the talk of the town – posting impressive gains that have investors doing a double-take.
Coinbase Futures Listing Fuels Price Surge for PEPE
After a tricky two weeks, PEPE is back in a bullish mood, surging 7% in the past 24 hours and 36% since last Tuesday.
The token’s price is now at $0.0000068, its highest level since before the sell-off on April 12.
One of the main catalysts behind PEPE’s resurgence appears to be Coinbase International Exchange’s announcement that it will list Pepe perpetual futures on its platform, with trading going live earlier today.
For those unaware, perpetual futures are a type of derivative contract that allows traders to take leveraged bets on the future price of an asset without worrying about an expiration date.
So, the launch of PEPE perpetuals on a major exchange like Coinbase is a huge milestone for the token and will provide increased liquidity and exposure.
Unsurprisingly, since this announcement, retail traders have been piling back into PEPE.
This is evidenced by the token being ranked 12th on CoinMarketCap’s list of most traded cryptos in the past 24 hours.
WallStreetBets Tweet Sparks 25% Rally for Mumu the Bull
Mumu the Bull is another meme coin charging ahead today, with an impressive 25% gain in the past 24 hours.
The token is now trading at $0.00000101, a significant recovery after a sharp drop since last week.
MUMU’s positive momentum is evidenced by the doubling of spot volumes to $4.4 million in the past day.
This sudden surge of interest is likely related to a tweet from the influential WallStreetBets Twitter account, which boasts over 576,000 followers.
The account hinted at potentially investing in MUMU, stating they “might ape a small bag” into the token.
Naturally, this endorsement from a top account in the crypto community has sparked a renewed appetite for Mumu the Bull.
Traders are now speculating on the possibility of the token returning to its all-time high from April 2.
However, as MUMU has shown previously, uptrends can just as quickly reverse course – leaving some investors wondering if today’s price pump is just a temporary break from the bearishness.
Multi-Chain Meme Coin Dogeverse Approaches $10M Milestone in Viral Presale Phase
Meanwhile, a rising star in the presale space is also making moves today.
Dogeverse, a project that’s taking the well-known Doge meme to new heights, is turning heads with its unique multi-chain approach.
As outlined in the project’s whitepaper, Cosmo the Doge, Dogeverse’s mascot, has the power to leap between the stars of the crypto universe.
His cosmic journey has taken him across Ethereum, Solana, Avalanche, and beyond.
Now, Cosmo will “share” his chain-hopping abilities with DOGEVERSE holders, allowing them to explore the best of what each blockchain has to offer.
This is what sets Dogeverse apart since the token will be available on six of the most-used Layer-1 chains.
And by embracing a cross-chain approach, Dogeverse aims to set itself apart from the countless low-utility coins in the space.
Dogeverse’s presale is now gaining traction – almost $10 million has been raised from early investors.
At the time of writing, investors can buy DOGEVERSE tokens for just $0.000301, although this price will rise when the next stage begins on Friday.
It’s no surprise, then, that Dogeverse is attracting attention from all corners of the crypto world.
In fact, the project has already claimed the top spot on CoinSniper’s presale rankings.
Even influential figures like YouTuber Jacob Bury are taking notice – describing the project as having “100x potential” in a recent video.
With Dogeverse’s momentum showing no signs of slowing down, it could be a meme coin to watch in the coming weeks and months.
