The Pepe coin price has fallen by 14% over the last week, indicating a loss of momentum despite bullish catalysts, including interest rate cuts and solid on-chain activity on the Ethereum network.
But while Pepe has struggled, a new Pepe-themed meme coin is causing a stir in its presale. It’s called PEPENODE, and it has managed to raise a staggering $1.4 million despite a cool-down in prices across the board.
Expert traders are calling it the best crypto presale to buy for 500% gains once it lists on exchanges, impressed by its early momentum and also its use case as the world’s first Mine-to-Earn meme coin.
PEPENODE brings crypto mining rewards to the meme coin space, removing the usual barriers to entry, including high setup costs, expensive overheads, and technical expertise requirements. It replaces them with a fully on-chain game that anyone can join with just an internet connection and a crypto wallet.
Why investors are rotating from Pepe to PEPENODE
Meme coins have proven to be the favorite way for retail investors to speculate in the crypto market, with their blend of volatility, virality, and community-driven nature making them not only lucrative but also enjoyable to trade.
However, utility-free meme coins like Pepe have increasingly lost their novelty this year, due to a combination of increased competition and traders becoming accustomed to and somewhat bored by the same formulas repeated time after time.
That’s why Pepe has decreased 13% this month, and why even Dogecoin, which has just had its first-ever ETF launch in the US (an event people have waited years for), has gained only 1.4%.
Yet, the meme coin market continues to post gains, but in different areas. MemeCore, for instance, is up 449% this month, with traders drawn to its use case as a meme coin-focused Layer 1 blockchain. Similarly, PEPENODE is widely anticipated to deliver substantial gains once it hits the open market, with its use case as a gamified virtual mining ecosystem with real crypto rewards creating a buzz.
Smart money traders are among those rotating from Pepe to PEPENODE, with popular trader RJ appearing on the Cryptonews YouTube channel and saying it’s “the best meme coin to buy during the dip.”
He noted that the market is “tanking” and said that this could be a smart time to “deploy your tokens into coins that will pop off when it recovers.” And with its presale momentum and reward-focused use case, RJ says he thinks PEPENODE “will be one of those tokens.”
It’s also worth noting that while MemeCore is now worth over $2 billion, PEPENODE has raised only a fraction of that, meaning it requires a lot less liquidity, and therefore could be alot easier, to achieve similar or potentially far larger gains.
How PEPENODE mining works
The way PEPENODE works is simple: hold PEPENODE tokens in your Ethereum-based wallet, visit the project’s web app, purchase and upgrade Miner Nodes, and use them to generate mining power.
You’ll earn PEPENODE tokens based on how much mining power you generate, and there will be an in-game leaderboard, with those who rise to the top earning other meme coin rewards like Pepe and Fartcoin.
The most powerful Miner Nodes will be sold on a first-come, first-served basis, meaning that presale participants will have an advantage over those who join later.
PEPENODE will launch an off-chain minigame during the presale, allowing participants to start earning immediately. However, the full on-chain game will launch once the presale has ended, supported by Ethereum’s ERC 20 smart contracts to ensure complete security, transparency, and fairness.
Users can also stake their PEPENODE tokens in the presale and currently earn a 940% APY, but this will decrease over time.
PEPENODE’s deflationary tokenomics & referral scheme hint at long-term potential
Something else that stands out about PEPENODE is the innovative mechanics used to stimulate growth and long-term potential. Notably, the project features a burn mechanism that destroys 70% of the tokens spent in the store, instilling scarcity and potentially making PEPENODE a real long-term play.
It also has a referral scheme that allows users to earn 2% on all rewards generated by players they refer. This creates an organic growth loop that encourages existing users to share the game with others, potentially leading to increased demand for PEPENODE tokens.
PEPENODE’s blend of early-stage status, reward-focused ecosystem, utility-driven demand drivers, and scarcity mechanisms creates a promising setup, potentially making it the next meme coin to explode.
Visit PEPENODE Presale
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