he leading cryptocurrency, Bitcoin (BTC), is progressing towards the end of the week with a 0.5% decrease, while the world of meme coins continues to make noise at full speed. More unknown meme tokens like Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE) are expected to be added in the coming days. Among these, BONGOCAT has succeeded in making its mark with an incredible rise in a short time.
BONGOCAT Makes a Fast Market Entry
BONGO CAT, the renowned meme on the internet, has of course been transformed into a meme token while this frenzy continues. BONGOCAT, recently launched in the market, has captured an unbelievable rise of 1,500% according to the data provided by DEX Tools. Some reasons behind the dramatic rise of this newly launched cryptocurrency, which achieved a 1,500% increase within 24 hours, are viewed as its fresh market entry and its rather low liquidity.
The cryptocurrency launched on the Binance Smart Chain network claims to embark on creating a strong community with “diamond hands”. With a market value slightly above $240,000, it is necessary to state that this cryptocurrency carries substantial risk. Nonetheless, PEPE also achieved a rise in the early days that many investors could hardly dream of, due to factors such as popularity and a very low total market value.
Which Is The Next PEPE?
BONGOCAT has not yet been listed by leading exchanges and is actually waiting for significant listings like similar meme tokens that have recently come to attention. Another meme token, AiDoge (AI), has managed some listings but the project has not yet managed to create a frenzy like PEPE. The recent meme token madness encourages everyone to find the next record-breaking cryptocurrency, but it will be extremely challenging to identify. The AIDOGE team has published significant plans for the third quarter of 2023 and emphasized that it will possess features that set it apart from similar projects. Shiba Inu also tried to surpass DOGE with a similar approach and even though it failed, it made serious noise and achieved a rise.
