• Dogecoin surged 15% this week due to renewed interest and hype on social media.
• The highly-anticipated Evil Pepe Coin presale ended with $730,000 raised.
• $PEPE witnessed an ongoing price decline, leading to rising investor skepticism.
Dogecoin Price Continues Rebound
Dogecoin ($DOGE) saw a double-digit price increase in the past week, surging 15% to hit the $0.077 level. This continued Dogecoin’s steady uptrend from the lows of mid-June when the token was valued at just $0.058. The price uptick seems to be driven by renewed interest and hype within the $DOGE community on social media which has seen speculation due to its bullish price trend. With its current momentum, some in the crypto community think it can reach resistance level around $0.083 and reach a market cap of $10.8 billion – making it number seven in CoinMarketCap’s list of world’s biggest cryptocurrencies.
Evil Pepe Coin Presale Raises Funds
The highly-anticipated Evil Pepe Coin presale recently came to an end with over 700 investors raising around $730,000 for the project’s development and marketing efforts.. This success follows months of waiting after its first announcement back in March 2021 when it sought to raise funds by offering rewards for investments made through NFTs (non-fungible tokens). Despite being backed by celebrities like Snoop Dogg and David Hasselhoff, Evil Pepe Coin remains a high risk investment as no one knows how successful it will actually be once launched onto exchanges.
$PEPE Price Declines
Despite optimism surrounding other meme coins this week, $PEPE faced an ongoing price decline leading to investor skepticism about its long-term potential.. The drop in value is likely due to negative sentiment from traders who are concerned about PEPE’s lack of progress since launching on exchanges earlier this year following a successful presale that raised millions of dollars worth of Ethereum (ETH). Despite these doubts however, PEPE still holds a respectable position within the meme coin market – currently sitting at number four on CMC’s list with a total market cap value exceeding two billion dollars at press time .
Hype Building Around Dogecoin
With Dogecoin seeing such strong gains recently due to increased hype around its potential growth opportunities, many investors are now looking forward to see if this surge will continue or if it will eventually lose steam as more speculators enter into the mix – potentially leading prices back down again towards their previous levels before any further growth can be achieved.. As always though, only time will tell what direction Dogecoin takes next but for now there certainly is cause for excitement amongst those who believe in DOGE’s future prospects .
High Risk Investment Opportunity
Although Evil Pepe Coin may have been backed by celebrities like Snoop Dogg and David Hasselhoff during its presale period which helped draw attention from investors; ultimately its success or failure hinges upon how well it does once listed on exchanges – something which remains uncertain right now as no one knows exactly how popular or profitable it will be.. With that said though , those willing take risk could stand reap huge rewards should their gamble pay off so long as they understand all the risks involved beforehand before investing anything serious into such projects .