Memes such as PEPE, BONK, and SHIB are soaring! Andrew Kang stresses DOGE remains undervalued

According to the CoinMarketCap meme section, multiple meme currency projects have surged in the past 24 hours:

• ##BONK: 63.88%

• DOGE: 37.6%

• SHIB: 26.97%

• PEPE: 18.65%

• WIF: 27.84%

• FLOKI: 16.67%

Founder of Jupiter (JUP) The previously launched meme coin $WEN also rose 58.3%.

PEPE, which came out last year, rose 250% in a single month.

Memecoin 24H, 7-day increase

Andrew Kang: Dogecoin has not risen at all

Venture capital agency Mechanism On February 29, founder Andrew Kang also wrote a special article emphasizing his bullishness on Dogecoin.

He pointed out that it is simply incredible that DOGE is the only large-cap cryptocurrency that has not received a boost since 2022.

DOGE has only risen 2 times from the bottom. At this time, BTC is about to break through its all-time high, and the return of retail investors has caused the Coinbase application to crash, which feels like the price is undervalued. If DOGE is like the BTC of meme coins, I really wonder if we will see a change in meme coin market share as meme liquidity flows to the King of Memes (DOGE).

Andrew Kang made a high-profile announcement in early February and explained why Mechanism would invest in meme coins such as Trump. On the 29th, he once again emphasized that now is a good time to invest in meme currency projects such as Trump, dogs, and frogs. .

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