Those looking for the best crypto to buy now have started to look at Pepe-equivalents as it is revealed that James Wynn, the popular trader who made upwards of $25 million on Pepe longs, is now supporting Yellow Pepe.
This focus on Yellow Pepe showcases that the market for Pepe-esque crypto assets is growing. Among the top picks, Pepenode has been the talk of the town. Another meme coin with similar themes as Pepe but with a gamified mining ecosystem, Pepenode has raised upwards of $1.7 million so far. Will Pepenode go through the same phase as Yellow Pepe once it goes live?
Summary
What is Yellow Pepe and What is it Getting Traction
Yellow Pepe is a Pepe-like meme coin created on the BNB Chain. CoinMarketCap has not posted any chart for the project yet. However, its preview page has already been built. The trading chart on Dexscreener reveals that the meme coin has painted a widening rising channel following its launch. The price has been going up, but sellers are still in full force.
However, early buyers are in the green as the token has surged by over 8,333% since its launch.
As for why it has risen, much of its fame could be the result of BNB projects gaining traction. The promotion by James Wynn, as revealed by Bubblemaps, has also done positive things for the project.
The popular trader has not promoted YEPE exclusively but has bundled it with other projects such as WIFE, ZEUS, and USDM. Furthermore, Bubblemaps has also revealed that 60% of Yellow Pepe tokens have been bought by addresses through the same centralized exchanges.
Why does it matter? It is because the meme coin is still in its nascent stages, and its market cap is just above $14 million. Other commenters have said that the “bundling” aspect could be used to push the token’s market cap higher, possibly into the $500 million zone.
Does it mean Yellow Pepe is the best crypto to buy now? Given that Yellow Pepe is gaining a lot of traction and has generated buzz among top investors, it could be considered a high-potential asset.
Since it seems like Yellow Pepe still has room to grow, investors should focus on diversification and check out other Pepe-themed cryptos as well, such as Pepenode.
Pepenode: Pepe-Themed Meme Coin with Gamified Mining
Pepenode is a Pepe-themed cryptocurrency that takes a gamified approach to mining, giving users an interface similar to Roller Coaster Tycoon within which they can create their own mining rigs.
The rigs are created using meme nodes, which investors can buy by spending the $PEPENODE tokens. The more nodes purchased, the better the tier of mining rigs they can create, and the more meme coins they can mine. Among the cryptos that can be “mined” using this approach are Pepe and Fartcoin, two tokens that epitomize the meme coin revival.
The imagery that Pepenode portrays is also very strong, as the image of a Pepe wearing mining gear while digging through the mines gives the project a unique vibe.
This utility is also integrated with the Pepenode presale, which, for now, has placed all the mining operations off-chain. Once the presale goes live, Pepenode will make the mining game on-chain, unlocking all the mined crypto as rewards for presale investors.
Analysts such as Jacob Crypto Bury have lauded Pepenode’s efforts at being the first meme coin to offer a unique “mine-to-earn” utility. The YouTuber has said that this gives the project a 10x potential.
However, the factors at play that make Pepenode a top pick among presale investors are more than just the unique utility.
What Factors Contributing to Potentially Making Pepenode the Best Crypto to Buy Now?
Listed below are the core reasons why Pepenode has been able to generate so much buzz in the market.
Rise of Pepe-Themed Token
While Pepe itself hasn’t been doing too well in terms of price action, Pepe-equivalent tokens are. Yellow Pepe is proof of that. Granted, its artwork and presence on a novel chain, BNB, are contributing factors, but this does open room for more such projects to grow. Pepenode is one project that could capitalize on this wave to gain traction.
Staking Services
While Pepenode presents users with a “mine-to-earn” ecosystem, it also dives into standard staking perks. Through staking, presale investors can compound their gains. At the time of writing, those who stake their tokens can earn upwards of 700% in staking rewards.
Multi-Crypto Environment
While Pepenode is a singular asset, the environment it has created is directed toward multiple meme coins, including $PEPE and $FARTCOIN. For one, the visual mining rigs can help investors mine these tokens and potentially Bitcoin. Furthermore, presale participants will earn early bonuses in terms of these meme coins. For instance, those who buy the tokens today will earn a 2% bonus in Pepe.
James Wynn Could be Interested in Pepenode
James Wynn’s interest in Yellow Pepe could easily extend to Pepenode once the project gains more popularity. The trader is known for approaching highly risky trades with style. Being an early-moving project with a unique utility, Pepenode could prove to be a strong contender. If James Wynn does end up promoting Pepenode in the same way, it could move up the price charts at a similar pace to Yellow Pepe perhaps even higher.
Over $1.7 Million Raised
Pepenode has raised over $1.7 million already, and it hasn’t taken the project long to achieve this level of growth. Such high funds within a limited time indicate consumer interest, which could translate to an explosive debut on exchanges. The explosion could result in long-term value for the token as well.
Conclusion
By all accounts, Yellow Pepe could be considered a high-potential cryptocurrency project. Its price action has been positive, and the fact that a major trader has promoted it means it carries some weight. However, those searching for the best crypto to buy now should always focus on diversification; presales can provide that.
Pepenode is a presale project that carries the same themes as Yellow Pepe. Unlike the no-utility approach, however, Pepenode provides users with a unique perk, one that could help it stand the test of time and offer long-term upsides.
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