🎉 Gate xStocks Trading is Now Live! Spot, Futures, and Alpha Zone – All Open!
📝 Share your trading experience or screenshots on Gate Square to unlock $1,000 rewards!
🎁 5 top Square creators * $100 Futures Voucher
🎉 Share your post on X – Top 10 posts by views * extra $50
How to Participate:
1️⃣ Follow Gate_Square
2️⃣ Make an original post (at least 20 words) with #Gate xStocks Trading Share#
3️⃣ If you share on Twitter, submit post link here: https://www.gate.com/questionnaire/6854
Note: You may submit the form multiple times. More posts, higher chances to win!
📅 July 3, 7:00 – July 9,
PEPE and AIDOGE lead the memes market to a new craze.
The meme coin market is heating up again, with PEPE and AIDOGE leading a new round of frenzy.
Recently, the cryptocurrency market has once again stirred up a wave of memes. The surge of projects like PEPE and AIDOGE has attracted widespread attention, with many investors gaining substantial returns through early participation. This article will analyze the characteristics of these two phenomenal projects in detail and discuss how to seize opportunities in the meme coin market.
AIDOGE: Innovative Airdrop Mechanism Ignites Market Enthusiasm
AIDOGE was launched on April 15 in the Arbitrum ecosystem, with a total supply of 2.1 trillion. Its distribution method is quite unique: 95% of the tokens are distributed for free to addresses eligible for ARB airdrop, while the remaining 5% is used for invitation rewards. It is worth noting that AIDOGE adopts a decreasing airdrop mechanism, where early claimants can receive more tokens, which somewhat alleviates market selling pressure.
AIDOGE has also designed multiple incentive mechanisms:
Transaction burn tax: Each transaction incurs a 15% burn tax, which is used for ecological development, token burning, liquidity rewards, and other aspects.
Staking Mining: Annualized yield up to 2,360%.
Provide liquidity: Annualized yield exceeds 1 billion%.
Lucky Draw: Buy 100-1000 USD equivalent of AIDOGE to participate in the lucky draw activity held every half hour.
These mechanisms effectively stimulated user participation and market competition. According to data, AIDOGE currently has over 100,000 on-chain holding addresses, with a 24-hour trading volume of 180 million USD and a total circulating market value of about 57 million USD.
PEPE: Purely Meme Concept Ignites the Market
The explosive popularity of PEPE comes from a jaw-dropping wealth story: an address purchased PEPE for $251 four days ago, and it is now worth $1.85 million, resulting in an investment return of 7370 times. This legend has further sparked the market's enthusiasm for PEPE.
PEPE launched on April 15, with the core philosophy of "making memes great again". Project features include:
The development plan for PEPE includes launching on mainstream platforms, expanding the community, and developing the token economy, etc. Currently, the number of holding addresses for PEPE has exceeded 21,000, with a 24-hour trading volume of $137 million and a fully diluted market capitalization of approximately $120 million.
How to Seize Investment Opportunities in Memes
Pay attention to fair distribution projects: Successful memes often adopt free and fair distribution methods to attract a large number of users to participate. Keep a close eye on such projects, but be aware of potential risks.
Pay attention to the total supply and price of tokens: Successful memes usually have a huge total supply and a very low unit price, catering to the psychological needs of small investors.
Assess the project's innovativeness and topicality: Projects with innovative concepts or easily disseminated topics are more likely to resonate with the market, such as PEPE's slogan "Make memes great again."
Pay attention to market sentiment and exchange dynamics: After the project's popularity increases, the listing of coins on exchanges may further drive up prices.
Stay rational: The investment risk of memes is extremely high, participate with caution and manage risks well.
Overall, the meme coin market presents both opportunities and risks. Investors need to conduct a comprehensive analysis of project characteristics, market reactions, and potential risks, allocate funds reasonably, and strictly implement profit-taking and stop-loss strategies. At the same time, it is important to recognize that the meme coin craze may impact the overall market, so vigilance is necessary.