Memecoins are showing signs of recovery this week despite the massive slump experienced over the past three weeks. So far, the market has surged by approximately 29% this month, with the sector’s market cap surging to around $79 billion in July from $55 billion in June. At the time of writing, the sector’s market cap is a little over $77 billion, up about 5.8% in the past 24 hours.
Still, smart money is shifting to memecoins with real utility instead of following where the hype is. Therefore, utility tokens are gaining more attention from investors, with whale movement also signalling investor sentiment turning away from other tokens.
This July, Pepeto, BONK, Dogecoin, and Shiba Inu are still undervalued tokens that provide real-world utility. While DOGE and SHIB have been in the market for a few years, BONK and Pepeto are still fairly new. The utility of these coins ranges from decentralized finance to payments.
Dogecoin for Micropayments
Dogecoin, the original memecoin, has been relevant for micropayments globally due to its low fee. Still, the coin has been struggling in the markets, especially in June when it dropped below $0.15. Despite that, DOGE has surged over 95% over the past year and over 41% in the past month. The coin has also surged over 10% in the past 24 hours and over 19% in the past 7 days, reaching a little over $0.2379 at the time of writing.
More recently, the Dogecoin Foundation introduced Dogebox to bring real-world utility to Dogecoin users. Dogebox provides a decentralized platform for software development, distribution, and self-hosting. The platform will also help develop the memecoin from a speculative asset while bridging the knowledge barrier preventing its adoption.
Shiba Inu
Shiba Inu (SHIB), which began as a speculative coin, has developed several real-world utilities, including in NFTs, gaming, and more. At the time of writing, the coin is trading at $0.00001491, up over 2% in the past 24 hours. SHIB is still over 83% below its all-time high from 2021 of $0.00008845.
Notably, SHIB is also rising as a payment option for users. For example, a patient in the U.S. recently used the memecoin to pay for a $5,000 dental bill in a hospital. The project introduced a layer-2 scaling solution, Shibarium, and an NFT game, Shiba Eternity.
BONK
BONK is another relatively new and undervalued memecoins in the market today despite being among the top 100 cryptocurrencies. Today, BONK’s price has dropped over 7% in the past 24 hours, with the price at the time of writing hovering around 0.00003452. The coin is still over 45% up in the past 7 days, showing an overall improvement on its performance.
The utility of the Solana-based memecoin is steadily increasing with the expansion of the Solana ecosystem, including staking and payments on Solana apps. Additionally, the memecoin’s project design places it as a community token for the Solana DeFi ecosystem.
Pepeto, the New Memecoin Offering Utility
Pepeto is the newest memecoin in town, still in the presale stage despite the continued developments in the project. The coin is currency selling at $0.000000141, encouraging investors to participate in the project presale early to gain more. Pepeto further offers buyers an opportunity to earn passive income through lucrative staking rewards of 269%.
Beyond that, Pepeto recently launched the Pepeto Exchange, which offers zero fees and the seamless exchange of Pepeto and other memecoins. The exchange heavily focuses on functionality, smooth exchange, scalability, and solving ecosystem fragmentation.
The project is also planning to introduce more developments as it progresses, including the Pepeto Bridge and listing on major exchanges to improve availability.
About Pepeto
PEPETO is an innovative memecoin project combining fun themes and long-term utility for its community. It features a zero-fee exchange, a cross-chain bridge for seamless swaps, and staking rewards designed to support the next generation of tokens.
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