In wake of the Pepe Coin (PEPE)’s 40% price pump on Tuesday, profit-taking Pepe holders are shifting funds to a new crypto token for 100x potential gains.
PEPE’s abrupt rally to its highest levels since last May comes after it broke above key resistance at $0.00000188.
Last just above $0.0000026, PEPE’s market cap was last around $1.1 billion.
PEPE may soon recover back to record highs in the $0.0000045 area, 70% higher versus current levels.
However, with Pepe now a billion-dollar meme coin once again, its upside potential is increasingly limited.
At least, that’s the perspective many meme coin investors hunting for 100x gains will take.
To secure 100x gains, meme coin investors prefer to hunt for smaller, lesser-known coins with low market caps.
One such token that some analysts could have a shot at posting 100x gains is a newly launched meme coin called Frogwifhat ($FWIF).
Here’s why Pepe holders are shifting funds to this new crypto token.
Why Pepe Holders Are Shifting Funds to New Crypto Frogwifhat ($FWIF)
A just-launched meme coin called Frogwifhat (FWIF) could be the next meme coin to 100x.
The token launched on Uniswap on Monday and hit a market cap of as much as $4 million within a few hours.
Investors now have a chance to buy the dip, with the token having pulled back to a price of around $0.0018 and a market cap of subsequently around $800,000.
A perusal of the frogwifhattoken.com website shows that the coin has been designed to mirror the success of Dogwifcoin, Bonk and Smog, and there are even rumors that the coin’s founders might be the same ones who are behind the other aforementioned meme coin successes.
Prospective buyers need to do their own research but there is much to like about the coin.
For starters, over $3230k liquidity has been locked. This is an important consideration for coins that list on DEXs.
Locked liquidity means there is zero chance of a rug pull, where the project team steals the funds of token holders.
Forgwifhat was also fairly launched, meaning all 1 billion tokens were immediately available on the open market.
No allocation of tokens for the development team or “marketing” purposes reduces the chances of a token dump.
Frogwifhat aims to follows in the footsteps of other coins in that it is an animal with a hat on, but this time it is a Frog Wif a Beret, the beret of course being a staple of French culture.
Check out Frogwifhat on DEXTools Here
How to Buy FWIF?
Users who are interested in taking a punt on Frogwifhat can check it out on Uniswap.
To buy, all they will need to do it connect their web3 wallet (via Ethereum), and have some ETH.
ETH can be bought on any major cryptocurrency exchange and setting up a web3 wallet (like MetaMask) is free.
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.