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🔥Weekly Report: PEPE +5,734% (30d)

BTC $29.5k, ETH $1.9k, PEPE +941% (7d), PEPE +5,734% (30d)

Meme Coins are Pumping

Table of Contents

In this report:

  • The Pepe Craze (Meme Coins are Pumping)
  • Top 100 Gainers (7-days): Pepe (Pepe) +941% (7d)
  • Micro-Cap Gainers (30-days): Fief (FIEF) +1,402% (30d)
  • Monthly Altcoin Pick: The Altcoin Pick for April was released last week

The Pepe (meme coin) Craze

The Pepe Craze (Meme Coins are Pumping)

Almost two weeks ago, we published an article about a Crypto investor that turned a $125 investment in Pepe into +$1M (in 4 days). Surprisingly,  this meme coin has continued to grow and today has a market capitalization of over $1.2 billion.

Pepe has gone from an obscure, unknown, degenerate meme coin to the top 42nd-ranked cryptocurrency in the world in only a matter of a few weeks!

If you had invested $100 into Pepe a month ago, you would be a multimillionaire today.

Pepe is Ranked #42

Why has Pepe Pumped so Much?

There are two reasons I feel Pepe has performed so well.

The first has to do with the crypto market being less risk-averse when compared to the last year. We are seeing more investment going into crypto. Also, there has always been a sub-set of the crypto investing space looking for the next "degen" investment and they are looking to get back into the market.

This sub-set of crypto investors is into high-risk, high-reward investments and meme tokens are often their focus. Unfortunately, the reality is that the majority of meme coins are simply pump-and-dump schemes, offering no long-term value with many of these 'investors' targeting short-term gains over the quality of the project.

It's important to mention, meme coins, also known as 'joke coins' or meme-based cryptocurrencies, are a type of cryptocurrency that derives its value from internet memes, cultural references, or social media trends - they don't have any intrinsic value.

The second reason is Pepe did something different than the majority of the meme coins out there. It worked on being transparent about its token allocation.

Always Check the Token's DEXT score

Pepe has a DEXT Score of 99 - A perfect score (99/99) for a cryptocurrency.

One of the greatest fears meme investors have is pump-and-dump schemes. A perfect DEXT score has helped offer the needed confidence for many investors to jump into this project - which most meme tokens don't offer.

Over the last few weeks, we have seen this has paid off - handsomely if you were able to invest in Pepe early.

Although the crypto market has been rather stagnant over the last couple of weeks, the rise in interest (and investment) into meme coins has been an excellent indicator the market (and investors) are becoming more risk-tolerant. The media attention given to Pepe will also help to attract more investors into this space.

I see this as a positive sign for the cryptocurrency market as a whole in preparation for the upcoming bull market, expected to occur in the fourth quarter of this year.

Should I Buy Pepe?

Even if Pepe continues to grow to become the number one meme coin, surpassing DogeCoin (ranked #8) and Shiba Inu (Ranked #15), the price will max 2x-8x from where it is today - assuming the price continues to increase. Considering the risk/reward, if you haven't already invested in Pepe, it's likely already too late.

Where are the Real Gains Made?

The real gains are made by investors (in Pepe and other meme coins) who bought in early - soon after minting and certainly before mainstream media started talking about it.

If you are reading about a meme coin on mainstream media - You are already too late.

While the potential returns for meme coin investments can be extraordinary (as we have seen in the past with DogeCoin and Shiba Inu) it has become a popular investment because the capital required to invest is very low.

In many cases, you only need to invest $100 to earn significant gains - like this guy who turned $125 into more than $1M.

If this style of investing interests you, I would recommend using a research tool that searches for the latest minted coins which are trending and have a high DEXT score. The tool I recommend is Moralis Money.

Top Meme Coin Research Tool

If you missed out on the Pepe craze and looking for the next freshly minted meme coins which are getting traction (it's how I originally found Pepe), or just want to get in early on a brand new project with great potential-  check out Moralis Money.

100x altcoin strategy

First, read our 100x Altcoin strategy article which discusses how to use this tool.

Every year there are one or two meme coins that explode in value. Even more during a bull market. These coins first started out valued at almost nothing - that is when you want to buy them.

Whether you love or hate meme coins, there has always been a market and investors interested in investing in this sector. It's degenerate, but it also has the potential to make life-changing wealth.

So, if you are an adventurous and high-risk investor and looking to part with a couple of hundred bucks on freshly minted meme coins, I would suggest you monitor the market daily and use a tool like Moralis Money to help you to sift through the chaff.

Crypto Market at a Glance (7D): - 7 Days

Pepe is dominating the Crytobubble space with its massive 976% increase (last 7 days).

Crypto Fear & Greed Index:

Crypto Fear & Greed Index

Today's Crypto Fear and Greed index = Greed -- Decreased to 61 (from 64 last week).

Bitcoin & Ethereum Price Movement

Bitcoin has increased 0.5% in the last week, currently trading at $29,538 (90-day high of $31,005). In the previous 90 days, Bitcoin has increased by 26.0%.

Ethereum has increased 4.8% in the last week, currently trading at $1,988 (90-day high of $2,137). In the previous 90 days, Ethereum has increased by 18.4%.

Global cryptocurrency market capitalization increased slightly this week from $1.198T to $1.21T.

Top 100 Gainers - Last 7 Days

Over the last 7 days, the biggest gainers (within the top 100):

Pepe (Pepe) +941% - Ranked #42

It's hard to believe, but this meme coin now has a market capitalization of $1.2 Billion! Just a few weeks ago, its market capitalization was less than a million dollars, and over a month ago, nobody had heard of it.

PEPE is a deflationary meme coin launched on Ethereum. The cryptocurrency was created as a tribute to the Pepe the Frog internet meme, created by Matt Furie, which gained popularity in the early 2000s.

The project aims to capitalize on the popularity of meme coins, like Shiba Inu and Dogecoin and strives to establish itself as one of the top meme-based cryptocurrencies. PEPE appeals to the cryptocurrency community by instituting a no-tax policy, a redistributive system rewarding long-term stakers, and a burning mechanism to maintain the scarcity of the PEPE coin.

The PEPE roadmap features three phases, where phase one includes listing on CoinMarketCap, and getting $PEPE trending on Twitter, while phase two includes listing on centralized exchanges (CEXs) and phase three includes “tier 1” exchange listings and what the team terms a “meme takeover.”

Floki (FLOKI) +30.9% - Ranked #91

Originally also a meme coin, Floki (FLOKI) is a cryptocurrency that was created in homage to Elon Musk's dog, Floki. The name "Floki" is derived from the character Floki in the TV series Vikings, which Elon Musk is known to be a fan of. The cryptocurrency was launched in late 2021, and has gained popularity due to its association with Elon Musk, who has tweeted about the token on several occasions.

Floki is an ERC-20 token, which means it is built on the Ethereum blockchain. It operates on a decentralized network, which means it is not controlled by any central authority or government. The token is designed to have a limited supply, with a maximum of 10 trillion tokens in circulation.

Casper (CSPR) +11.9% - Ranked #70

Casper (CSPR) is a cryptocurrency that was launched in 2021 as part of a new blockchain network called the Casper Network. The Casper Network is designed to be a scalable and secure platform for decentralized applications (dApps) and smart contracts.

One of the key features of the Casper Network is its consensus mechanism, which is called the "Correct-by-Construction" (CBC) Casper protocol. This consensus mechanism is designed to be more energy-efficient than other consensus mechanisms used by blockchain networks like Bitcoin and Ethereum.

Casper (CSPR) is the native cryptocurrency of the Casper Network and is used to pay for transaction fees and to incentivize validators on the network. Validators are responsible for processing transactions and maintaining the security of the network. They are rewarded with CSPR tokens for their efforts.

The Casper Network aims to address some of the scalability and security issues that have been faced by other blockchain networks, such as high transaction fees and slow transaction processing times. The network is also designed to be interoperable with other blockchain networks, allowing for the seamless transfer of assets between different networks.

Rocket Pool (RPL) +11.4% - Ranked #52

Rocket Pool (RPL) is a decentralized platform designed for staking and trading of Ethereum 2.0 (ETH 2.0) tokens. ETH 2.0 is an upgrade to the Ethereum blockchain that is designed to be more energy-efficient and scalable than the current Ethereum blockchain.

Staking is a process where users can lock up their ETH 2.0 tokens as collateral in order to help validate transactions on the Ethereum 2.0 network. In exchange for providing this service, validators earn rewards in the form of newly minted ETH 2.0 tokens.

Rocket Pool allows users who do not have the technical expertise or the minimum amount of ETH 2.0 required to become a validator to still participate in staking by pooling their tokens together with others. This allows users to earn rewards from staking without having to operate their own validator node.

The Rocket Pool platform uses a decentralized network of nodes to distribute staking responsibilities and rewards. The platform also allows for the trading of staked ETH 2.0 tokens, providing users with more flexibility in managing their assets.

Rocket Pool is powered by its native cryptocurrency, RPL, which is used to pay for transaction fees and to incentivize node operators on the network. RPL tokens can also be staked on the platform, providing users with additional rewards.

Biggest Micro-Cap Gainers in the last 30 days

Every week we review and analyze small and micro market cap cryptos looking for the next low-cap gem. These are the best-performing (quality) micro-cap projects over the last 30 days:

Best Performing Quality Micro Caps (Last 30 days):

Monthly Altcoin Pick:

Last week we released our Altcoin Pick. It is now currently ranked as one of the best-performing Top 100 cryptos (over the last 7 days).

If you would like access to this Altcoin Pick and future ones, please consider becoming a member. Altcoin picks are emailed to members as soon as they are published and this is the strategy we use for choosing them.

Our Altcoin Picks for the prior months can be found here.

If you would like to support this publication and have access to member benefits, such as our monthly Altcoin Pick, signup here.

Thanks and appreciation to all our members!

Until the next report,