Pepe 2.0 Price Pumps 54,000%, Aims for $1 Billion Market Cap – Buy This Next Big Thing or Wall Street Memes?

If you missed Pepe then Pepe 2.0 could be the coin for you as its price pumps 54,000%.

Launched yesterday (Tuesday June 27) at 22:00 UTC, the new meme coin promises to "make things right".

The anonymous team behind the coin say they want to avoid the mistakes of Pepe's earlier self, which they say launched at a weekend and includes the ability to blacklist some investors.

Pepe 2.0 – the newest chance to turn $250 into $1 million?

However, despite those supposed mistakes, the original Pepecoin did come from nowhere to reach a market cap of $1 billion.

Famously, one early investor in Pepe who put in $250 worth of ETH was able to turn that into a profit of $1.02 million.

Pepe 2.0 by contrast has a market cap of just $2.59 million, but that could be its appeal right now, as there could be a giant runway ahead for the price.

On the $PEPE2 website, the team understandably makes a strong pitch to be the next Pepe:

Missed $PEPE? Here is your second chance

$PEPE knows he made mistakes in the past, blacklisting some investors, launching on a weekend when you were spending time with your family and friends. He wants to make things right and redo his billion dollar run, he’s a new version of himself, he is now PEPE 2.0. #PEPE2

Crypto Lord tweeted to his 24,000 followers canvassing for their thoughts as opposed to making an endorsement:

Before you make a decision to jump in here a run down of the coins vital statistics.

Encouragingly, liquidity for the token has been locked for three months and currently stands at $168k. That's probably on the low side though for a trading volume that has already reached $8 million.

The price has pulled back from its high at $0.000000001412 to $0.0000000007013, but it looks like there could be more room in the tank on the 15-minute candle chart.

The token's circulating supply is 420,690,000,000,000, according to coinmarketcap.

But what about those blacklist claims? The creators of Pepe, added a function into the contract code that does indeed enable the blacklisting of wallets that are deemed to hold too large a proportion of the supply. Here's the Pepe blacklist code in question:

Alternatives to Pepe and Pepe 2.0

However, if you are looking for a more solid proposition for 'the next Pepe', new meme coin Wall Street Memes looks like a strong contender

In presale now, you can buy the token before it hits the public markets

$WSM is the brainchild of the team behind the million-strong social community around Wall Street Memes – it has gained huge traction with meme stock investors, and crypto investors too.

And when the likes of multi-billionaire Elon Musk engages with your Twitter feed you know you have arrived

That’s the enviable situation that $WSM is in, as can be seen by the great man’s interactions on the @wallstmemes Twitter feed:

When it comes to meme coin influencers they don’t come any bigger than Musk, which is yet another reason why the Wall Street Memes token presale is already such a success.

The project has raised nearly $11 million and the next stage price increase takes place when the raise total reaches $11,724,000, so there really is no time to lose.

If you are still not sold on the crypto chops of the WSM team, consider the fact that last month they launched a 420-piece Bitcoin Ordinals collection – the Wall Street Bulls Ordinals NFT Collection

$WSM looks like one of the best kept secrets in crypto and can be bought now in presale for just $0.0304

Visit Wall Street MemesDisclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.