In the wake of Pepe Coin (PEPE) prices rising 40% on Tuesday, profit-taking Pepe holders are transferring funds to the new crypto token for potential gains of 100x.
PEPE's surprise rise to its highest levels since last May comes after it broke above key resistance at $0.00000188.
Last just over $0.0000026, PEPE's market cap was around $1.1 billion.
PEPE may soon recover to record levels in the $0.0000045 region, 70% higher compared to current levels.
However, with Pepe now a billion-dollar meme coin again, its upside potential is becoming increasingly limited.
At least, that's the perspective that many investors looking for 100x gains will take.
To secure 100x gains, meme investors prefer to look for smaller, less popular coins with lower market capitalization.
One such token that some analysts may be able to achieve 100x gains is the newly launched meme coin called Frogwifhat (FWIF).
This is why Pepe holders are transferring funds to this new crypto token.
Why Pepe Holders Are Transferring Funds to New Cryptocurrency Frogwifhat ($FWIF)
A just launched meme coin called Frogwifhat (FWIF) could be the next meme coin to go 100x.
The token was launched on Uniswap on Monday and reached a market cap of $4 million within a few hours.
Investors now have an opportunity to buy the dip, with the token falling to a price of around $0.0018 and a market cap thereafter of around $800,000.
A perusal of frogwifhattoken.com shows that the coin has been designed to reflect the success of Dogwifcoin, Bonk, and Smog, and there are even rumors that the founders of the coin may be the same people behind the successes of the other meme coins mentioned above.
Prospective buyers need to do their own research but there is a lot to like about the coin.
For starters, over $3,230,000 in liquidity has been secured. This is an important consideration for currencies listed on DEXs.
Locked liquidity means there is zero chance of the rug being pulled, with the project team stealing token holders' funds.
Forgwifhat was also somewhat launched, meaning that all 1 billion tokens were immediately available on the open market.
Not allocating tokens to the development team or for “marketing” purposes reduces the chances of tokens being dumped.
The Frogwifhat aims to follow in the footsteps of the other coins in that it is an animal wearing a hat, but this time it is a frog with a hat, as the hat is of course a staple of French culture.
Check out Frogwifhat on DEXTools here
How to buy FWIF?
Users interested in taking a bet on Frogwifhat can check it out on Uniswap.
To purchase, all they need to do is connect their web3 wallet (via Ethereum), and get some ETH.
ETH can be purchased from any major cryptocurrency exchange and setting up a web3 wallet (such as MetaMask) is free.
Disclaimer: Cryptocurrencies are a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all your capital.
