Pepe Surges 20%, and PlayDoge Nears $6M Raised, Sparking Buzz Among Meme Coin Investors

The memecoin enigma is back at full throttle, and Pepe is one of the biggest gainers, up over 20% today.

This article does not contain any financial advice and is intended for educational use only.

Memecoin mania is back in full force, and Pepe is among the biggest gainers today, surging over 20%.

Meanwhile, newcomer PlayDoge is also turning heads as its total raise nears $6 million.

Let’s take a look at the top meme coin gainers today.

Pepe price surges as ethereum ETF launch date confirmed

Pepe hit a new all-time high (ATH) after Ethereum spot ETFs were approved in June, and its price is rallying again following a new launch date reveal.

This has come in no small part due to a wider market recovery, with Bitcoin leading the way in a 10% rally this week.

The total crypto market cap is up 1.9% today, but the memecoin sector has surged 11%. However, Pepe is up almost double at a 22% gain.

This is largely due to its role as a “beta play” on Ethereum.

ETF analyst Eric Balchunas took to Twitter on Monday to reveal that Ethereum ETFs are set to launch on 23 July.

Update: Nate's instincts were right, hearing SEC finally gotten back to issuers today, asking them to return FINAL S-1s on Wed (incl fees) and then request effectiveness on Monday after close for a TUESDAY 7/23 LAUNCH. This is provided no unforeseeable last min issues of course! https://t.co/D21FD9Qf94

The news saw Ethereum's rally outpace Bitcoin's, but Pepe has seen the biggest gains.

The $ETH ETF is expected to start trading next Tuesday. $PEPE remains the best beta. Let's take a look back.

The path to riches is clear, buy $PEPE. pic.twitter.com/vTNWW3g2la

Currently, Pepe is trading at $0.00001172, up 22% today, 26% this week and down 0.9% this month.

It has a $4.9 billion market cap and a $1.8 billion 24-hour trading volume, which is up 121% today. Looking ahead, analysts are hopeful for further growth for the frog-themed meme coin.

Popular Pepe community member Plazma is anticipating a new ATH in the coming weeks. He notes that Pepe has broken out of a symmetrical triangle chart pattern and “crushed” its 50-day moving average.

The analyst anticipates Pepe will now head toward $0.0000175.

$PEPE just crushed the 50 day moving average like it's nothing, HIGHER we go. pic.twitter.com/tQ20uNn10u

Meanwhile, PaikCapital highlighted that Pepe has established solid support and suggested that a continuation of the uptrend is on the horizon.

The analyst also shows technical indicators that suggest Pepe is oversold, bolstering the potential for its bull trend to resume.

time for the frog again me thinks

$pepe pic.twitter.com/DvN9k8hCJU

But it’s not just Pepe seeing huge gains today. Play-to-Earn (P2E) memecoin PlayDoge is turning heads in its presale as it closes on the $6 million total raised mark.

Top analyst tips PlayDoge to be the next 100x memecoin

It’s not every day you get a memecoin with its own P2E game on the Apple App Store and Google Play Store. And it’s even rarer to get to invest in that project from the ground up. But that’s what you get with PlayDoge.

And the game is no cookie-cutter. It’s a captivating reboot of the iconic 1990s Tamagotchi game that sold over 82 million units. But here’s the kicker: PlayDoge ups the ante with P2E rewards and staking.

The concept has lit a fire under traders, who have poured $5.7 million into the presale. And analysts are also excited. For example, the Cryptonews YouTube channel tips PLAY to 100x and says it could “make you a millionaire.”

Besides its fresh P2E-memecoin hybrid use case, the analyst highlighted PlayDoge’s early success as a reason it could explode. “This project is blowing up. It’s going crazy. It’s going ballistic,” he said.

The current PlayDoge presale price is $0.00519, but this will increase throughout the campaign. The next increase is expected to occur in one day. Potential buyers are advised to act promptly to maximize their investment.

For more information, visit the PlayDoge presale website.

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