Coinbase not too long ago introduced the discharge of Pepe ($PEPE) and DogWifHat ($WIF) perpetual futures, making the goals of meme coin fans come true.
This transfer will broaden the platform’s derivatives market and carry vital investor curiosity within the two meme cash. Each have carried out excellently previously week, exhibiting bullish sentiment.
Pepe elevated by 54% and DogWifHat by 28.58% within the final week.
At this charge, the two cash might quickly get a spot place on Coinbase, which might additional drive their worth upward. If the constructive development continues, $PEPE may lose one other zero, and $WIF might cross the $3 mark.
The built-in leverage of perpetual futures is excessive danger and excessive reward, however the prospect of creating passive revenue with out shopping for or promoting tokens could be very engaging.
Two different meme cash could be subsequent on Coinbase’s perpetual futures market. One raised over $10.7M in presale, and the opposite grew by 7,000% previously yr.
Let’s talk about these two tasks under.
Dogeverse ($DOGEVERSE) – Valued at $0.0003 with Upcoming CEX Itemizing
Dogeverse is the primary multichain meme coin on the planet. It launched on Ethereum, BNB Chain, Polygon, Avalanche, and Base. Solana ought to launch within the coming weeks.
In response to the whitepaper, the challenge is working with Portal Bridge and Wormhole applied sciences to carry multichain performance, which implies:
- Higher buying and selling expertise because of quicker speeds and decrease prices
- Easy inter-chain navigation and interoperability
- Wonderful flexibility on six main blockchains
- An inclusive ecosystem accessible to all traders
$DOGEVERSE is at present valued at $0.000301, has raised over $10.7M and is shortly heading towards CEX itemizing. The challenge is within the final roadmap section, and based mostly on present investor curiosity, it could be the subsequent meme coin to launch on Coinbase.
Within the final two days, traders have purchased $89,798 and staked $12,784 price of $DOGEVERSE, a complete of $102,582.
If the challenge turns into one of many new Coinbase listings on perpetual futures, it would enable traders to develop long-term buying and selling methods, given these contracts don’t expire.
Buyers who purchase Dogeverse can stake it instantly with a 103% rewards charge. Thus far, holders have staked over 15.5B tokens. The challenge’s tokenomics present a 20B allocation for staking, so early traders will obtain long-term passive revenue.
Go to the official presale web site to be taught extra concerning the challenge and see if it’s a worthwhile funding.
CatCoin ($CAT) – Elevated By 7,000% 12 months-to-12 months
CatCoin has already been listed on MEXC and has a buying and selling quantity of $41M within the final 24 hours. The feline token calls itself ‘probably the most memeable meme coin on the blockchain,’ because it gathered over 85,000 followers on X (greater than DogWifHat).
A 2-minute silence for individuals who didn’t consider in #catcoin and bought it off at
-$1 Million MCAP
-$2 Million MCAP
-$5 Million MCAP
-$10 Million MCAP#catcoin is now sitting above $30 Million MCAP and projected to cross above $1000M mcap quickly and grow to be prime #mememcoin of #crypto… pic.twitter.com/YAfmgQ2Fkh— Cryptodial.eth (@wallstreetpapa) April 23, 2024
The challenge has additionally surpassed $34M in market cap and is at present buying and selling at $0.000000000589, a 7,000% enhance within the final yr and a historic 13,800% progress.
The final month reveals a 50% downtrend, however based mostly on neighborhood sentiment, $CAT may recoup its losses and head for a $100M market cap subsequent.
CatCoin has a complete provide of fifty quadrillion tokens, and its liquidity is locked. This implies the challenge burns all liquidity tokens and renounces the contract possession, making CatCoin a neighborhood challenge with a long-term imaginative and prescient.
Based mostly on Pepe’s and DogWifHat’s worth bumps, if CatCoin launches on Coinbase’s perpetual futures, we might see vital purchaser curiosity and a bullish season for it.
$CAT at present trades on DEXs like Raydium, Uniswap and PancakeSwap, and two CEXs: MEXC and SecondBTC.
To Summarize
Pepe’s and WIF’s launch as perpetual futures on Coinbase signifies a contemporary begin for meme cash, reigniting purchaser curiosity and bringing the tasks into the highlight.
The identical might be mentioned for Dogeverse and CatCoin, in the event that they’re listed on perpetual futures. Contracts with no expiration dates and the pliability of buying and selling perpetual futures attraction to crypto fans and traders.
Nevertheless, this spinoff market is precarious and complicated, demanding a strong information of market circumstances and efficiency patterns. We advocate you DYOR extensively earlier than partaking with perpetual futures or shopping for meme cash.
