Crypto markets were under pressure on Thursday, with bitcoin (BTC) falling back under $30,000 and ether (ETH) falling back under $1,850 amid macro headwinds.
Private US payroll company ADP’s estimate for the number of jobs added to the US economy in June exceeded expectations by a huge margin on Thursday, coming in close to half a million versus expectations for only around 226,000.
That, combined with stronger-than-expected US ISM Service PMI data for June, pushed US yields sharply higher as Fed tightening bets rose, weighing on risk assets, including crypto.
Traders are now shifting their focus to Friday’s official US jobs report, which could similarly roil markets.
In the meantime, there is plenty of action in small-cap meme coin markets, with crypto degens on the hunt as ever for the next 100x meme coin like Pepe or Shiba Inu.
Pepe 2.0 (PEPE2.0)
Pepe copycat Pepe 2.0 (PEPE2.0), which is marketed as a second chance for degens who missed the initial Pepe rally, hit fresh all-time highs on Thursday above $0.0000002.
That means the cryptocurrency has rallied over 1000% from its Sunday lows in the $0.000000015 area.
Visit PEPE2.0 on DEX Tools Here
Floki 2.0 (FLOKI2.0)
Pepe 2.0 isn’t the only 2.0 coin that has been doing well recently.
Floki 2.0 has also been doing well.
The cryptocurrency, which was only launched on Monday, hit a new all-time high on Thursday above $0.00000001, though has since slipped back under $0.000000005.
At present, the token has a market cap of just under $2 million, so its still a very small cap meme coin.
As per DEXTools, FLOKI2.0 has over 1,600 holders and over $170,000 in locked liquidity.
Visit FLOKI2.0 on DEX Tools Here
Shib 2.0 (SHIB2.0)
A new version of the Shiba Inu 2.0 coin has pumped on Thursday.
SHIB2.0 was last around $0.00000001 with a market cap of around $4.0 million and with over 3,000 holders.
Despite the strong early performance on its launch day, the fact that this new Shib 2.0 token is a copy of a copy suggests it probably won’t last for too long.
Visit the new SHIB2.0 on DEX Tools Here
Presale Meme Coin Projects to Consider
Degen meme coin traders looking for the next low-cap gem to explode should also consider trying to get in early on some meme coin presales.
Here are two meme coin projects selling their tokens on the cheap to early investors that the team at Cryptonews are big fans of.
Wall Street Memes ($WSM)
Wall Street Memes, one of the internet’s hottest retail investing communities, rose to prominence in the meme stock craze of 2021 and has recently been expanding its relevance in the cryptocurrency space with the presale of its new $WSM token.
The success of the $WSM presale, which has raised more than $13.1 million in just over one month, isn’t surprising given the size of Wall Street Memes’ community.
Not only are there 523k hyper-engaged community members on its wallstbets Instagram account, there are another 214k on Twitter and more than 100k across its two other Instagram channels, wallstgonewild and wallstbullsnft.
All told, Wall Street Memes has a 1 million-strong social community of degens, which analysts think all but guarantees that the $WSM token will be listed on tier 1 crypto exchanges like Binance.
With 30% of the token supply being held back for community rewards, it can reasonably be expected that airdrops to holders will be a big part of the ecosystem.
Indeed, the first $WSM airdrop is open now.
Analysts are already predicting big things for Wall Street Memes when it lists on exchanges and you can be a part of it.
Visit Wall Street Memes Here
Thug Life Token ($THUG)
Despite only launching a few days ago, brand new meme coin project Thug Life Token has already been able to raise a whopping more than $757,000 via the presale of its $THUG token.
Various industry observers have tipped $THUG to be a major success given the refreshing take it brings to the meme coin space.
$THUG is not based around out-of-fashion dog memes or short-term social media fads, like meme coins created in response to Elon Musk or Andrew Tate tweets.
Rather, $THUG is themed around the timeless Thug Life movement that was first popularized by hip hop stars such as Snoop Dogg back in the 80s.
As the word of $THUG spreads, more degenerates are expected to pile cash into the project.
That’s because Thug Life Token has all of the makings of the next 100x meme coin.
At the presale price of $0.0007 and total maximum supply of 4.2 billion, the Thug Life Token presale only values the coin at a very conservative $2.94 million fully diluted market cap.
That’s much smaller than most other comparable presale projects and the low presale market cap leaves plenty of room for explosive upside.
Meme coin degens have no time to lose when it comes to getting involved in the project early.
That’s because the $THUG presale will end once the $2.058 million mark is hit, or when the 10-day countdown runs out (whichever comes first).
After that, the only way to secure $THUG tokens will be via the project’s airdrop and community rewards campaign or at a potentially elevated price on major decentralized exchanges (DEXs).
Visit Thug Life Token Here
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
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