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DOGE on Course to Repeat XRP’s 2021 Bull Run—Are Memecoins About to Skyrocket?
The rise of memecoins has taken the crypto market by storm, with DOGE, SHIB, BONK, and PEPE making waves in recent times. However, as we take a closer look at the data, it appears that memecoins like DOGE could be poised to repeat XRP’s 2021 bull run.
The trend has already been observed in some cases, such as with BONK, which surged over 100% after listing on Coinbase and then distributed half of its supply to participants in Solana’s NFT and DeFi spaces. This grassroots appeal has helped to strengthen the coin’s community involvement and long-term potential.
BONK’s focus on decentralized apps, including BonkSwap exchange, also sets it apart from other memecoins like Dogecoin or Shiba Inu. By combining utility with its meme-based appeal, BONK is carving out a unique niche within the Solana ecosystem.
Similarly, PEPE has seen an unprecedented surge in value after embracing its meme origins and focusing on simplicity and community engagement. Its no-tax policy and commitment to staying true to its memecoin roots have won over many supporters.
In both cases, it seems that these coins are bucking the trend of crypto market volatility by fostering strong connections with their respective communities. By doing so, they’re creating a new wave of interest in the space.
As we dive into the data and take a closer look at the current market conditions, it’s possible that memecoins could be about to experience another surge in popularity.
Source: https://blockonomi.com/doge-on-course-to-repeat-xrps-2021-bull-run-are-memecoins-about-to-skyrocket/
