As PEPE Slides, BITCOIN, AIDOGE, and NUGX Shake Up Meme Coin Market

The meme coin market is proving to be a tough place as different coins battle for recognition and attention. As PEPE struggles in what might be a losing price battle, other coins are gaining ground, with BITCOIN, AIDOGE, and NUGX causing the crypto ecosystem to sit up and take notice.

PEPE Continues Downward Slide

Following its public launch in April 2023, Pepe (PEPE) quickly became one of the most-traded cryptocurrencies. While it took Dogecoin (DOGE) almost four years after its launch before its market capitalization passed the $1 billion mark, it took PEPE just three weeks.

Despite the clear statement on the official website saying that PEPE is for entertainment purposes alone, and hence holders should have no expectation of a financial return, investors have purchased and traded the PEPE meme coin in large amounts. However, the recent turn of events might get investors selling off.

As of the time of this writing, PEPE was selling for $0.000000639108, over 85% down from its all-time high, which it hit in May. With a price decline of 12% over the last two weeks, PEPE is giving its investors plenty of reasons to worry.

Despite cases like that of PEPE and the deterrence it may present to potential meme coin investors, there are some meme coins whose recent performance tells a different story. In recent days and weeks there has been an apparent increase in investment in BITCOIN, AIDOGE, and NUGX.

The BITCOIN and AIDOGE Trends

As is always the case, with the entrance of HarryPotterObamaSonic10Inu (BITCOIN) into the market, observers speculated on its success. With BITCOIN being an ERC-20 token, it boasts both a long name and a confusing design; these, however, didn’t stop investors from flocking towards it and piling up BITCOIN for their portfolio.

As of the time of this writing, despite being down over 59% from its all-time high of $0.196317, BITCOIN was selling for $0.079828 and had a 39.5% increase in the past week according to its price chart.

On the other hand, Arb-Doge (AIDOGE), boasts to be a meme coin created by a

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Author: BeInCrypto Team

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