Pepe Price continues to fall, but could Wall Street memes be the next big coin?

The bearish momentum shows no signs of abating for Pepe (PEPE), as the token’s price has fallen 19% in the past four days.

$EPE is now trading 78% below its previous all-time high, with many in the trading community wondering if the token could ever regain its peak value.

Simultaneously, traders are eyeing potential successors to PEPE, should its decline continue – with Wall Street Memes (WSM) and AiDoge (AI) emerging as the main contenders.

Pepe Coin continues to struggle after 5-week price drop

PEPE has now closed in the red for five straight weeks as the bears continue to strengthen their grip on the token’s price.

This dramatic fall from grace came immediately after the incredible rise of the Pepe coin, which saw the price of the token soar over 2,100% in just three weeks.

After hitting an all-time high of $0.0000043 on May 5, many traders believed the token’s price would continue to rise, allowing it to compete with Dogecoin (DOGE) and Shiba Inu (SHIB).

However, that was not to be the case and PEPE immediately reversed from the $0.0000043 level, starting a downtrend that has persisted to this day.

By CoinMarketCapPepe Coin’s market capitalization now stands at just $360 million, a far cry from its peak of $1.48 billion in early May.

More worryingly, the number of PEPE holders has not increased and has decreased in recent weeks.

Data from Etherscan.io revealed that on two occasions in the last ten days the number of wallet addresses holding PEPE has decreased from one day to the next, suggesting that many investors are choosing to sell their holdings instead of waiting for a possible recovery.

Etherscan.io also points out that the number of unique receivers and senders is also decreasing daily, indicating the lack of interest in PEPE from new investors.

These elements combine to paint a bleak picture for PEPE’s outlook, leading many to speculate that a near-term recovery for the token may not be in the cards.

With the price now forming a bearish flag on the 4H timeframe and no major market catalysts that could potentially boost its value, holders of PEPE appear to be facing tough times ahead.

Which Meme Pieces Could Surprise Next?

As PEPE’s market performance declines, traders are keeping a close eye on potential successors who could take the token’s throne.

Luckily for coin enthusiasts, the market is constantly changing, which means new and exciting PEPE alternatives emerge every week.

Coins like FLOKI and ELON have seen minor price increases recently but failed to maintain their bullish momentum.

Nevertheless, two coins that have managed to gain traction in the market are WSM and AI, leading many investors to believe that they may soon replace PEPE.

Wall Street Memes continues to excite investors and raises $6.8 million

The first is Wall Street Memes (WSM) – a brand new meme piece that has taken the market by storm.

Unlike the Pepe coin, Wall Street Memes is still in its pre-sale phase, but that hasn’t stopped eager investors from coming in droves to buy WSM, as the tokens are offered at a low price.

Thanks to this attractive setup, the Wall Street Memes presale has now raised an incredible $6.8 million in just a few weeks.

This highlights the huge demand for WSM tokens and showcases the power of the Wall Street Memes community, which includes over 1.1 million people.

The community is built around the goal of standing up against Wall Street’s monopolization of financial markets – a goal that resonates strongly with many in today’s economic climate.

As such, WSM seems well placed to capitalize on this collective sentiment, as evidenced by the rapid growth of the project. Telegram Community.

Crypto influencer Crypto Jamie has also climb on board as an ambassador for the project, highlighting WSM’s growing appeal.

Given its rapid pre-sale success at wallstmemes.com and vibrant community, Wall Street Memes stands out as a coin that could replace PEPE in the future.

Visit the Wall Street Memes Presale

AI-Focused Meme Coin AiDoge Gears Up For Major CEX Listings After Raising $14.9M

Another piece that may have the potential to replicate (or surpass) PEPE’s success is AiDoge (IA).

AiDoge is a popular coin project that recently concluded a very successful pre-sale phase, which saw the development team reach their funding goal of $14.9 million.

The response to Aidoge’s pre-sale has been huge, with investors around the world looking to acquire AI tokens due to their unique blend of AI concepts and coin style.

This demand has led to massive growth in AiDoge’s social media, with nearly 36,000 people following the project. Twitter.

Now, the AiDoge team is preparing for the official launch of the token on major exchanges, with the first scheduled for June 19.

Ahead of these listings, the AiDoge team is offering a last chance for early investors to purchase AI tokens at the introductory price of $0.0000336.

With such market response, the project’s prospects look bright as it gears up for the next chapter of its journey, making AiDoge one to watch in the coming weeks.

Visit the AiDoge presale

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