Meme Coins: The Rollercoaster Ride of Internet Fame and Fortune

Meme coin has given huge profits to the trader every time it has gone up, and the one who took this profit and exited the market at the right time is the clever one. Because the data is telling, all the meme coins that have gone up due to popularity have not been able to maintain their price for a long time, whether it is Doge, Shiba, Floki, PePe, or anyone else.

Meme Coins: The Rollercoaster Ride of Internet Fame and Fortune
Meme Coins: The Rollercoaster Ride of Internet Fame and Fortune. Image by wirestock on Freepik


Doge Coin was probably the first coin that brought in huge profits because of its popularity when Elon Musk tweeted about it. Its price was $0.007 at the beginning of February 2021, which gradually increased to $0.075 by April. After this, there is a sudden increase in the popularity of DogeCoin on social media, and its price reaches from $0.075 to $0.73 in just 20 days (April–May 2021). Since then, there has been a steady decline in its price, which is now trading at $0.061, down 91.5% from its high price.

Shiba Token

Shiba coin came in 2020, and within a few months (at the time of the Dogecoin bull market), its fortunes opened and its price reached from nothing to $0.0000512 (May 2021), but its price started dropping, and after 10 days it reached its old level. The price recovered to $0.000009. About 5 months later, in October 2021, its popularity increases again, and the price reaches $0.000088 in 28 days. However, its price continued to decline and is now trading at $0.0000075, which is 91% below its all-time price but 600000% above its lowest price.

It didn’t take long for FLOKI to become popular, cementing its value alongside the Shiba Inu. Its price was going up slowly as soon as it was released, but on October 27, 2021, it suddenly started raising its price, which reached $ 0.0003437 in 10 days. It is currently priced at $0.00002829, down 91% from its highest price.

PEPE Token

No one knows how Pepe gained popularity; it just came to the fore one day and everyone started throwing their money into it. The coin came out in April 2023 and went up by 2700% in just one month. Its price and volume started increasing gradually at the end of April. On May 2, its price started increasing suddenly, after which it reached $0.00000431 on May 5, 2023, and then the price started falling. Surprisingly, its price declined less (-63.33%) than other meme coins, which are now hovering around $0.00000159.

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