Shiba Inu ($SHIB) and Pepe Coin ($PEPE) are the two largest meme cryptos after Dogecoin ($DOGE). PEPE is also the largest gainer of 2023 so far because of an astonishing rise of over 9000% back in May.
These two have been struggling lately because of the overall bearish market sentiment and due to some security issues with $PEPE. SHIB has dropped over 20% in the last 14 days while Pepe coin hurled down 27% in the same period.
These drops have caused investors to turn their eyes toward some new meme coin presales that are weathering through the bears with ease.
Wall Street Memes ($WSM) and Sonik Token ($SONIK) have both amassed substantial following on social media and funding as well.
$WSM just surpassed the $25 M in less than two months while $SONIK raised $500,000 in less than a week and closes in on its $2M hard cap.
Stick with us to find out the reasons behind PEPE’s and SHIB price drops and how their fall can positively affect $WSM and $SONIK.
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When Will $SHIB & $PEPE Recover & How is This Affecting $WSM & $SONIK?
Let’s provide insights into $SHIB and $PEPE situations and shed light on how this impacts other new tokens like $WSM and $SONIK.
Starting with Pepe Coin, it’s important to note that it reached an all-time high (ATH) of $0.000004354 before experiencing a significant decline. At present, $PEPE is down by a staggering -75% from its peak, trading at approximately $0.0000008959. The past weeks have seen a -17% dip, while the last month reflects a -28.0% decrease.
The recent sudden drop was triggered by social media-induced Fear, Uncertainty, and Doubt (FUD), highlighting the volatility and susceptibility of meme coins to sentiment-driven fluctuations.
Shiba Inu has faced a similar trajectory. After reaching an ATH of $0.0008616, it has encountered a substantial decline of -90% and is currently priced at $0.00000800
However, there’s a glimmer of hope for $SHIB investors. The announced release of the Shibarium network could potentially pave the way for recovery in the future, with developments offering a beacon of optimism.
The impact of these declines on other tokens like $WSM and $SONIK is noteworthy. While Pepe Coin and Shiba Inu grapple with challenges, analysts and investors turn their focus to these tokens.
New tokens like Wall Street Memes’ and Sonik Coin stand as potential alternatives, each with their unique value propositions and potential for at least 10X gains.
The road to recovery for $PEPE and $SHIB may be uncertain, but it’s this very uncertainty that creates opportunities for emerging players like $WSM and $SONIK to showcase their potential.
New Meme Coins That Threaten 2023 Market Dominance – Quick Overview
Here’s a quick look at these tokens if you don’t prefer comprehensive analysis:
- Wall Street Memes ($WSM) – Token with the Same Potential as $PEPE Rakes In $25M in Presale
- Sonik Token ($SONIK) – Capitalizing on $PEPE’s Drops
- Dogelon Mars (ELON) – Dogecoin Spinoff with Growth Potential
New Meme Coins That Threaten 2023 Market Dominance – Detailed Analysis
And now let’s move on to the fully detailed explanation of new meme tokens that are shaking the market dominance:
Wall Street Memes ($WSM) – Token with the Same Potential as $PEPE Rakes In $25M in Presale
Wall Street Memes ($WSM) stands at the forefront of the 2023 meme coin landscape, boasting an impressive one million-strong community and a presale that raised over $25 million from eager early backers.
With that number, Wall Street Memes has shattered expectations and solidified its position as the best meme coin presale of 2023. Inspired by the spirit of anti-bank sentiment that ignited the Wall Street Bets movement, $WSM not only tokenizes this ethos but also seeks to reshape our understanding of digital worth.
At a cheap price point of $0.0337, $WSM has drawn the interest of a diverse range of investors, allured by the success of its presale. Adding to the excitement, an enticing +30% bonus awaits presale investors upon the project’s listing.
On the same day when $PEPE dropped by over 10$ a remarkable show of support came from a crypto whale who invested $1 million in Wall Street Memes’ presale.
Sonik Token ($SONIK) – Capitalizing on $PEPE’s Drops
In the midst of shifting crypto tides, Sonik Coin came as a compelling contender, capitalizing on the weakening positions of established meme coins like PEPE.
As rug-pull allegations cast a shadow over PEPE, Sonik Coin’s unique proposition and impressive performance have garnered attention and investment.
The recent turbulence in the meme coin space has prompted traders to seek refuge in $SONIK, which has exhibited remarkable resilience even in the face of broader market downturns. While PEPE’s value dropped over 20%, Sonik Coin soared, raising 500,000 and gaining momentum at an accelerated pace.
Unlike conventional meme coins, Sonik Coin offers a stake-to-earn utility that sets it apart from the pump-and-dump dynamics.
With 16.5 billion tokens staked by presale buyers, a remarkable Annual Percentage Yield (APY) of 145% is fueling enthusiasm.
Additionally, Sonik Coin’s strategic allocation of 10% of its supply to decentralized exchange (DEX) liquidity, along with a vigorous marketing campaign, demonstrates its commitment to fostering a secure and vibrant trading environment.
As it harnesses the viral power of its concept and innovative staking system, Sonik Coin could potentially trigger a staggering 40x explosion, offering a unique opportunity for investors seeking a fresh perspective on meme coins.
Dogelon Mars (ELON) – Dogecoin Spinoff with Growth Potential
Experience interplanetary adventures with Dogelon Mars, a community-driven and decentralized meme coin inspired by Dogecoin and Elon Musk.
This cosmic project takes you on a galactic journey, combining dog-themed humor with the allure of space exploration.
With its ELON token and strong followership, Dogelon Mars offers a unique spin-off from the popular Dogecoin narrative
The Conclusion
And there you have it, now you know the reasons behind the $PEPE & $SHIB price drops if and how they affect $WSM and $SONIK.
Finding promising tokens like these during bearish seasons can be hard and frustrating. We went through hundreds of tokens and analysts reports to find these 3.
All you have left to do is pick the one that seems as the best fit for your wallet and grab it while you can.
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