Broader crypto market sentiment has taken a knock on Friday, with bitcoin (BTC) last down around 1.5% and back in the low $30,000s following reports the US Securities and Exchange Commission (SEC) has informed applicants like BlackRock that recent spot bitcoin ETF filings are “inadequate”.
The market’s downside may be an overreaction, as a simple refiling process could address the SEC concerns.
Either way, the news is weighing on blue-chip cryptocurrency, though it hasn’t been enough to take the wind of the rally certain major altcoins and meme coins have been enjoying.
Bitcoin alternatives continue to pump, with eCash (XEC) up over 55% in the last 24 hours, Bitcoin Cash (BCH) up over 21%, Litecoin (LTC) up over 13%, Bitcoin SV (BSV) up nearly 10% and Zcash (ZEC) up close to 9%.
Meanwhile, 2.0 versions of popular meme coins are also in fashion on Friday.
Here are the hottest pairs according to Decentralized Exchange (DEX) analytics website DEX Tools.
Shib 2.0 (SHIB2.0)
While the original SHIB continues to struggle, Shib 2.0 (SHIB2.0)’s melt-up since its DEX launch three days ago is continuing.
SHIB2.0 was last trading above $0.003, up a stunning more than 1000x versus its DEX launch price of under $0.000003.
Bulls are hoping to push the meme coin back to Thursday’s record highs in the $0.007 area.
With a market cap of still barely more than $3 million, SHIB2.0 has room to go a lot higher.
Visit SHIB2.0 on DEXTools.
Pepe 2.0 (PEPE2.0)
Similarly to SHIB2.0, Pepe 2.0 (PEPE2.0) also continues to pump.
PEPE2.0 was last just above $0.00000007, up a stunning more than 7000x versus its DEX launch price of under $0.00000000001 (yes, ten zeros!) three days ago.
But given the Pepe copycat now has a market cap in the region of $30 million, the room for more upside may become somewhat more limited from now on.
Visit PEPE2.0 on DEXTools.
Pepe (PEPE)
Pepe (PEPE), the largest meme coin by market capitalization that was launched this year, is back in the top five trending coins, with nearly $5 million in trading volumes over the past 24 hours.
PEPE is within its weekly range in the $0.0000015 area, up an impressive nearly 2x versus earlier monthly lows.
Visit PEPE on DEXTools
Refund Token (RFD)
Having pulled back sharply from its May all-time highs around $0.0001 in June, Refund Token (RFD) is attempting a recovery on Friday.
But still, at a price of only around $0.000008, investors who bought at the top are still more than 90% down.
Visit RFD on DEXTools.
SafeMoon 3.0 (SFM3.0)
A just-launched copycat version of SafeMoon called SafeMoon 3.0 (SFM3.0) has already clocked more than 6x gains from its DEX launch price.
SFM3.0 was last trading above $0.00000003, having launched under $0.000000005.
The new coin has already seen trading volumes of over $1.5 million, impressive given its still tiny market cap of only around $100,000.
SafeMoon 3.0 has already locked liquidity via UNCX Network, easing rug pull concerns.
Visit SFM.30 on DEXTools.
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