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Counterfeit Memecoins: Second Generation aims to replicate the successes of DOGE, SHIB, and PEPE

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Counterfeit Memecoins: Second Generation aims to replicate the successes of DOGE, SHIB, and PEPE

meme coins


  • Dogecoin 2.0, Shiba Inu 2.0, and PEPE 2.0 are examples of a second-generation memecoin trend that has seen significant gains in recent days.
  • In a significant lift to the image coin 2.0 economy, on Friday, Poloniex and declared new postings for the tokens.
  • In any case, the networks behind the first image coins being duplicated by the most recent frenzy have featured that they are not the slightest bit partnered with the new tokens, which they say are inclined to tricks.

There is now a new generation of popular meme coins. In the previous week, tokens, including Doge 2.0 (DOGE2.0), Shiba Inu 2.0 (SHIB2), and Pepe 2.0 (PEPE20), have been recorded on the and Poloniex trades.

However, do these imitations offer anything novel? How do they now stack up in comparison to the original memecoins they are named after?



Massive Pump for Meme Coin 2.0 Movement

PEPE2 has recently emerged as one of the most popular meme coins. On Friday, PEPE’s more youthful kin amassed a market cap of $57.3 million. It also reached a record-high price of $0.00000022.

In just seven days, the price of the token has increased by more than 200%.

Shiba Inu 2.0 is yet another meme coin that has recently gained popularity. On June 29, the token’s price reached an all-time high of $0.00614. Nonetheless, as is many times the situation in image coin siphons, it before long fell down to earth and presently exchanges at around 33% of that worth.

Doge 2.0 also reached an all-time high on the same day, in the most dramatic pump and dump of the past ten days. In any case, subsequent to taking off to $0.00878, its cost before long fell to underneath $0.0013. and Poloniex List Second-Gen DOGE, SHIB and PEPE

It’s possible that the meme coin 2.0 craze was just a passing fad given its rapid rise and fall. In any case, there will positively be some hodlers out there relying on Friday’s declarations by and Poloniex to animate further interest in the tokens.

SHIB2 and DOGE2 would be listed on the platform, revealed. Poloniex, on the other hand, made it possible to trade PEPE2 and SHIB2 simultaneously.

Of course, traders in meme coins are known for being erratic. It wouldn’t be the first time a trend has gone from boom to bust in such a short period of time if the hype surrounding the meme coin 2.0 craze fades by Monday.







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OG Meme Coin Communities Distance Themselves From Copycats

Numerous similarities exist between the most recent token generation and its predecessors. Principally, they share a comparative visual language and partiality with web image culture. However, the newcomers’ arrival on the scene does not exactly excite the communities that were responsible for the original meme coins that are being copied.

In one tweet, the Dogecoin Establishment looked to reduce most, if not all, connection with copycats. It was argued that many mislead individuals into believing they are associated with Dogecoin and susceptible to fraud.

In a similar vein, in June, Shytoshi Kusama, a creator of Shiba Inu games, issued a warning to his fans about potential rip-offs of the Shiba Inu brand.

Meme coin lookalikes have definitely been known to commit fraud. Past image coin patterns, for example, the influx of “child” adaptations of existing tokens, have been dependent upon different tricks. Rug pulls and other methods of developers manipulating the market are examples of these.

Additionally, even projects that adhered to all regulations have resulted in numerous investor losses. In this present reality where resources can build their worth ten times or more in a solitary day however at that point lose it similarly as fast, even prepared brokers should watch out.



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