The battle between the two of the hottest meme coins Pepe 2.0 and FLOKI has amplified as experts foresee a huge potential in these popular tokens.
According to a market expert citing data from coinmarketcap, the new frog-themed coin has recently trounced FLOKI in the 24-hour trading volume by a staggering $140 million
Launched barely a week ago, Pepe 2.0, “the reincarnated version” of the popular meme coin Pepe was released to “rectify” its predecessor’s past mistakes, as per the press release.
Although the original PEPE token continues to trade independently, the new version intends to signify a new beginning by acknowledging the mistakes made by PEPE in the past, such as the “unfortunate blacklisting of certain investors and launching during inconvenient times.”
But what caught investors’ attention was that the newly launched meme token has stunned traders with its recent rise at a time when the hype surrounding the meme coins appeared to dry down.
The token has a $688 million market valuation, according to data from CoinMarketCap. The fact that PEPE2.0 is now held by 9,642 different wallet addresses as opposed to just 5,410 on June 29 shows the growing interest of individual investors.
Furthermore, according to statistics from Etherscan.io, a number of buy orders totaling over $10,000 have arrived in the previous few hours, suggesting that some prominent market participants are paying attention to the coin.
PEPE VS FLOKI: Return Of The Memecoins Frenzy?
These numbers demonstrate the growing demand for $PEPE2.0 and the huge niche it is creating for itself in a rapidly evolving crypto market.
And it appears that the token is not one of those that have been lost to obscurity, as shown by Pepe 2.0’s ability to grow consistently. This suggests that the best may still be yet to come for this developing meme coin.
On the other hand, its closest rival Floki Inu, a crypto coin inspired by Tesla CEO Elon Musk’s dog, has also gained prominence in the crypto market. The project has a native token called FLOKI that may be used for a variety of platform-based transactions.
It is important to note that the Floki Inu team is actively working on initiatives that will be gradually launched. Among these endeavors are “The University of Floki,” an online learning environment, and the NFT gaming Metaverse.
Notably, Floki Inu grabbed headlines recently when it revealed that users of the meme coin could utilize it to buy a wide range of products from a prominent Chinese eCommerce entity, AliExpress.