A second generation of popular meme coins has emerged. In the past week, tokens, including Doge 2.0 (DOGE2.0), Shiba Inu 2.0 (SHIB2), and Pepe 2.0 (PEPE20), have been listed on the Gate.io and Poloniex exchanges.
But is there anything new about these copycats? And now, do they compare to the OG memecoins they’re named after?
Massive Pump for Meme Coin 2.0 Movement
Recently, PEPE2 has been one of the hottest meme coins. On Friday, PEPE’s younger sibling amassed a market cap of $57.3 million. It also traded at an all-time high of $0.00000022.
The token’s price is over 200% in seven days.
Another meme coin that has been trending recently is Shiba Inu 2.0. The token hit an all-time high price of $0.00614 on June 29. However, as is often the case in meme coin pumps, it soon fell back down to earth and now trades at around a third of that value.
In the most dramatic pump and dump of the last ten days, Doge 2.0 also hit an all-time high on the same day. But after soaring to $0.00878, its price soon collapsed to below $0.0013.
Gate.io and Poloniex List Second-Gen DOGE, SHIB and PEPE
The rapid rise and fall of the meme coin 2.0 economy may suggest that the craze was just a flash in the pan. But there will certainly be some hodlers out there counting on Friday’s announcements by Gate.io and Poloniex to stimulate further interest in the tokens.
Gate.io revealed that SHIB2 and DOGE2 would be listed on the platform. Meanwhile, Poloniex enabled trading for SHIB2 and PEPE2 on the sa
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Author: James Morales
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