cryptocoin.com As we have mentioned, the huge rises in meme coin projects have been attracting the attention of investors for a while. Recently, however, a meme coin rose 1,000 percent. Investors are asking, “Is PEPE next?” for this meme coin. they had questions! So what do the experts think?
This meme coin project has had a massive upswing after the PEPE coin!
With the start of meme coin season, everyone is drooling over the controversial PEPE as they have done with Dogecoin (DOGE) and others in the past. Despite its dark past and controversy, the success of the famous Pepe the Frog meme coin has spawned a new “frog” coin narrative. One of them is BOB, the local coin of the “Explain This Bob” bot.
So who is Bob? Simply put, it can be described as a Twitter bot using OpenAI. Users tag or reply to the “Explain This Bob” account, which then returns with insightful and accurate answers. Especially the names that use the Twitter bot draw attention. An example of these names is the billionaire name Elon Musk. On the other hand, Elon Musk has even previously conveyed that he likes this Twitter bot and his love for it.
Twitter does not want to sell their database and the idea of taking away ads is not a good way to make money.
— Bob Is Here To Explain (@ExplainThisBob) April 19, 2023
The bot’s Twitter account broke the 121,000 subscriber mark amid its surge in popularity, and BOB’s price jumped more than 1,000 percent last week. Following the massive rise of PEPE coin, BOB is currently trading at $0.000071.
According to Etherscan data, there is a supply of 690 billion BOBs, with 23.5 percent of the volume at the 19 largest addresses. Instantly, the total number of BOB investors appears as 7,683 addresses. Although experts state that investing in such coins can be very risky and there is a risk of zero, some investors prefer to take risks.
PEPE continues to be listed on major exchanges!
On the other hand, cryptocurrency exchange OKX has announced that it will list the popular meme coin PEPE and announced that it will open withdrawals on May 2. While the popular meme coin was on the rise with the listing decision, an OKX official who supported the decision stated the following:
Pepe the Frog is a cartoon character and internet meme created by cartoonist Matt Furie. Pepe was designed to be a green frog with a human-like body; this is one of the most popular memes in the world.
Several cryptocurrency exchanges, including MEXC Global, Bitget, Gate.io, and Huobi, listed Pepe trading pairs two weeks ago, prompting what appeared to be a trading frenzy. PEPE has gained 2,340 percent since April 17 and is currently trading at $0.000001223 each at the time of publication. However, after the news about the OKX listing, Pepe’s price has increased by over 50 percent in the last 24 hours.
According to CoinMarketCap, Pepe coin created by anonymous developers on the Ethereum blockchain has surpassed popular meme coin projects like Shiba Inu and Dogecoin and is growing in popularity day by day.
As you may remember, DOGE increased by over 23,000 percent in 2021 due to American businessman Elon Musk’s vocal support of crypto money on social media. Similarly, SHIB is up over 1,250 percent in the 2021 cryptocurrency bull market after gaining popularity in the backwind from its sibling Dogecoin. Despite recent attention, OKX official Pepe wrote in the listing announcement:
Digital assets are innovative investment products with high price fluctuations and risks. Before investing, OKX hopes that you have a full understanding of digital assets, make a logical assessment of your investment ability, and make prudent investment decisions.
The expert name advises investors to be careful for PEPE, BOB and many meme coin projects. He explains the reason for this as such risky crypto assets can completely reset investors’ assets and recommends that investors act cautiously against such cryptocurrencies.
