While they are issued by smart contract blockchains with base layer currencies like Ethereum and Solana , meme coins have fetched far greater gains in a shorter period of time than the most established cryptos.
Bonk , a Solana Program Library meme coin launched on Dec. 25, 2022, returned the most profits to investors out of any cryptocurrency in 2023. That was afterMeme coins can periodically experience sudden rallies, during which the price of the currency against the dollar, stablecoins, and base layer tokens goes parabolic. That’s how memes post such enormous gains.
The Coinbase friend of Pepe hopped down the price chart from ten cents per token to eight cents a token over the week. But that puts the Coinbase meme coin on sale over its prices for most of the year since May.The leading PEPE token on Ethereum is currently ranked 25th among all cryptocurrencies by total market cap. That’s impressive given that the crypto launched just last year during the spring of 2023.
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