Crypto markets came under pressure on Thursday, with bitcoin (BTC) dipping below $30,000 and ether (ETH) dipping below $1,850 amid macroeconomic headwinds.
US private payroll company ADP’s estimate of the number of jobs added to the US economy in June topped expectations by a wide margin on Thursday, coming in at close to half a million versus expectations of only around 226,000.
That, combined with stronger-than-expected US ISM service PMI data for June, pushed US yields considerably higher as Fed tightening bets increased, weighing on risky assets, including crypto.
Traders are now turning their attention to the official US jobs report on Friday, which could affect markets in a similar way.
Meanwhile, there is plenty of action in the 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)
Marketed as a second chance for degens who missed Pepe’s initial rally, Pepe copycat Pepe 2.0 (PEPE2.0) hit new all-time highs on Thursday above $0.0000002.
That means the cryptocurrency has rallied more than 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 is not the only 2.0 coin that has done well recently.
Floki 2.0 has also worked well.
The cryptocurrency, which launched on Monday, reached a new all-time high on Thursday above $0.00000001, though it has since dipped back below $0.000000005.
At present, the token has a market cap of just under $2 million, making it still a very small cap meme coin.
According to DEXTools, FLOKI2.0 has over 1,600 holders and over $170,000 in liquidity locked up.
Visit FLOKI2.0 on DEX tools here
Shib 2.0 (SHIB2.0)
A new version of the Shiba Inu 2.0 coin was pumped on Thursday.
SHIB2.0 was last around $0.00000001 with a market cap of around $4.0 million and with over 3,000 holders.
Despite strong initial performance on its launch day, the fact that this new Shib 2.0 token is a copy of a copy suggests that it probably won’t last long.
Visit the new SHIB2.0 in DEX Tools here
Pre-sale meme coin projects to consider
Degen meme coin traders looking for the next small-cap gem to mine should also consider trying to get in early on some meme coin pre-sales.
Here are two meme coin projects selling their tokens cheaply to early investors that the Cryptonews team is a huge fan of.
Wall Street Memes ($WSM)
Wall Street Memes, one of the most popular retail investment communities on the internet, rose to fame in the 2021 stock meme craze and has recently been expanding its relevance in the cryptocurrency space with the pre-sale of its new token. $WSM.
The pre-sale success of $WSM, which has raised over $13.1 million in just over a month, is hardly surprising given the size of the Wall Street Memes community.
Not only are there 523,000 hyper-engaged community members in your Instagram account wallstbetsthere are another 214k on Twitter and over 100k on his other two Instagram channels, wallstgonewild and wallsstbullsnft.
In total, Wall Street Memes has a strong social community of 1 million degens, which analysts believe almost guarantees the $WSM token will be listed on tier 1 crypto exchanges like Binance.
Since 30% of the token supply is retained for community rewards, airdrops to holders can reasonably be expected to be a large part of the ecosystem.
In fact, the first $WSM airdrop it is open now.
analysts They are already predicting great things for Wall Street Memes when you trade on the exchanges and you can be a part of that.
Visit Wall Street Memes here
Thug Life Token ($THUG)
Despite being released just a few days ago, the new meme coin project Thug Life Token it has already been able to raise over $757,000 through the pre-sale of its $THUG token.
Several industry observers have called $THUG a huge success given the refreshing perspective it brings to the meme coin space.
$THUG is not based on old-fashioned dog memes or social media fads, like meme coins created in response to tweets from Elon Musk or Andrew Tate.
Rather, $THUG is themed around the timeless Thug Life movement that was first popularized by hip hop stars like Snoop Dogg in the ’80s.
As word of $THUG spreads, more degenerates are expected to pile money on the project.
That’s because Thug Life Token has all the features of the upcoming 100x meme coin.
At a pre-sale price of $0.0007 and a total maximum supply of 4.2 billion, the Thug Life Token pre-sale only values the coin at a very conservative fully diluted market cap of $2.94 million.
That’s much smaller than most other comparable pre-sale projects and the low pre-sale market cap leaves plenty of room for explosive upside.
Meme coin degens has no time to waste when it comes to getting involved in the project from the very beginning.
This is because the $THUG pre-sale will end once the $2.058 million mark is reached or when the 10-day countdown ends (whichever comes first).
After that, the only way to secure $THUG tokens will be through the project’s airdrop campaign and community bounties or at a potentially high price on major decentralized exchanges (DEXs).
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 your capital.
