- The first meme coin linked to XRP on Ethereum, $XRPEPE, has set a new record price.
- Some of the coin’s community believes that it may possibly hit the $10 million market capitalization in the next few weeks.
- Organic support by the community and the special features of the approach make $XRPEPE one of the leaders in the market of meme coins.
The meme coin market has awakened recently with the emergence of the first XRP meme coin called $XRPEPE in the Ethereum network. Within a short time, $XRPEPE has garnered massive attention and only recently registered a new high in the past few hours. This development is gaining popularity from investors and fans of the industry, and many in the community are hopeful for its future expansion.
Rise of $XRPEPE in the Market
$XRPEPE has become a subject of notable interest within the meme coin and broader cryptocurrency space due to its positioning. It is the first meme coin related to XRP that operates on Ethereum, and it distinguishes itself in a saturated market. There is increasing interest in the coin as it has touched the highest value it has ever recorded in the past two weeks. It is still in the initial stage but the potential for growth in the subsequent years is promising.
It looks as though the coin could even achieve a $10,000,000 market cap in the next few weeks. If this goal is achieved, it would mark a major accomplishment for the company with investments growing at more than 10X rate from the current levels.
Community and Market Potential
Another factor that has led to the acceleration of this $XRPEPE is the community. As a result of this, the coin has been able to grow through the support of the community by means of marketing and creating awareness through social media platforms. Such communities are the strength of meme coins, which is evident from the successes of other meme coins.
During this stage, the total market capitalization of the coin is still growing, however, industry experts are monitoring its performance. This might be enough for $XRPEPE to gain a better standing within the meme coin market and reach its targeted $10 million market capitalization.
Although $XRPEPE is relatively new, its recent developments and supporters suggest what it can become. As long as there is interest and the potential for a further increase in market capitalization, it is a project worthy of attention within the context of the meme coin.
The post $XRPEPE Hits New Milestone on Ethereum—But There’s a Catch for Traders appeared first on Crypto News Land.
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