Is BEN the next PEPE Token in 2023? Know and Invest before it is too late in this volatile market!!
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Have you missed the PEPE token?
Want to know the next meme token going high?
Don’t miss it !!!
MEME tokens are creating a storm in the crypto market for a few days. PEPE is still trending on the market meanwhile BEN, the newest meme token has added spark to the list. There are also other meme tokens including PEPE AI, Doge CEO, and Mrs PEPE creating buzz around.
Let’s find out the tokens which has the potential to go high.
Top Crypto gainers of this week
$BEN token was launched by top influencer Ben ‘BitBoy Crypto’ Armstrong on the Ethereum blockchain and is trading on a decentralized exchange, Uniswap v3 (Ethereum). It is the governance token for Ben DAO. The token was created by a group made up of Bens on Telegram.
Guys $BEN is live. People all want to invest in themselves and now Bens can do that.— Ben Armstrong (@Bitboy_Crypto) May 8, 2023
– The coin has my name
– We have a Ben DAO on telegram
– Bens are better than Jeffs so we should easily take over JeffCoin as the number one name on the blockchain
The market cap of BEN token is $38,241,597 with a total supply of 420,690,000,000,000 BEN. On May 8th, the price of the token was $0.00000001342 with a 24h trading volume of $4.04M. Today, it reached its peak with a value of $0.0000001008 with a 24h trading volume of $67.50M.
At the time of writing, the price is $0.00000006955 with a 24 volume of $73.99M. It had a huge spike of 638.60% in the last 24 hours. $BEN token has been launched on LBANK centralized exchange listing.
💫New #listing— LBank.com (@LBank_Exchange) May 9, 2023
🌟 $BEN (BEN) has been listed on LBank！@bencoin_eth
👉Trade here: https://t.co/IN3gDt9KNs
❤️ Details: https://t.co/wo5kNHXXYG pic.twitter.com/dz92IHKe4k
Bitcoin BRC-20 Token
Bitcoin BRC-20 is a token standard created on March 8, 2023, working on Ordinals protocol. BRC-20 is similar to Ethereum’s ERC-20 token standard, however, BRC-20 doesn’t use smart contracts, so they can’t be used in other applications like decentralized exchanges. ERC-20 uses a proof-of-stake mechanism whereas BRC-20 functions on a proof-of-work consensus mechanism.
The Bitcoin network is inscribed with data via the Ordinals protocol by these tokens. Users can inscribe digital assets they have created, like text, photos, audio files, and videos, onto satoshis via the protocol. Once encoded, the asset can be exchanged or traded on the peer-to-peer Bitcoin network just like any other token. BRC-20 core function is to create fungible tokens on Bitcoin and trade via Ordinals protocol using satoshis.
Since its launch, BRC-20 tokens have collectively reached a market cap of over $693 million. BRC-20 is becoming more popular and attracting many crypto enthusiasts. It includes tokens like Ordi, Pepe, Nals, meme, and piza. The 24h volume of BRC-20 is $203,996,187. BRC-20 needs a long way to go because it is still in the experimental stage and has a lot of potential to grow in future. Users can check their BRC-20 balance at brc-20.io
Related: Bitcoin future predictions 2023-2024
Pepe, the meme token is taking the crypto market by storm. It has become a common name in the top trending Cryptocurrencies in the last few weeks. PEPE token outperformed Shiba Inu and other meme tokens.
PEPE token is traded over exchanges including Binance, Uniswap v2, Uniswap v3(Ethereum), KuCoin, OKX, and many more.
Currently, PEPE had a significant price drop of 38% of its value in the last few days and entered into a bearish market. The whales in the crypto market who have hugely invested are experiencing losses. Most of them are selling out and other pepe whales are going in on $BEN. This significantly affected the price drop.
According to the Twitter user, Lookonchain, A whale bought 962.3B $PEPE with 70 $WBTC and 420 $ETH in the past two days, with an avg buying price of $0.000003122. He has lost approx.$541K at the current price.
A whale bought 962.3B $PEPE($2.46M currently) with 70 $WBTC ($2.07M) and 470 $ETH ($937K) in the past 2 days, with an average buying price of $0.000003122.— Lookonchain (@lookonchain) May 7, 2023
He has lost ~$541K at the current price!https://t.co/GDBdXcVyGt pic.twitter.com/7s1Ns90OOc
Meanwhile Binance on their Twitter account warned users not to go with the hype, to do their own research, and be responsible for their own actions.
According to the cryptocurrency price analysis platform, Coinmarketcap, the market cap of PEPE is $752,324,394 with a 24h trading volume of $1,151,294,919. The circulating supply is 391,790,000,000,000. The current price of the PEPE token at the time of writing is $$0.000001926 with a drop of 17% in 24 hours.
With the popularity of $PEPE, a lot of other meme tokens have been introduced into the Crypto market. Crypto enthusiasts and Investors need to understand that they are not utility tokens and they are pumped by social media influencers. The early investors may gain huge profits and others who fall prey to the hype may experience huge losses. Do your own research before investing in any cryptocurrencies.
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