Quick Facts:
1️⃣ $FLOKI jumped 15% on Monday after Elon Musk’s AI-generated video featuring his pet dog, Floki, went viral. 2️⃣ $USELESS is another trending meme coin this week, capitalizing on its utility-free narrative. 3️⃣ As these heavyweights slow down, the attention turns to $PEPENODE – the mine-to-earn crypto sensation that has all the elements for an explosive meme coin rally.
After a brutal market correction, meme coins have reinstated hopes of recovery by lighting up the charts green on Monday.
Of course, $FLOKI is not the only useless token capable of mobilizing degens.
Solana meme coin Useless Coin ($USELESS) was born for that.
Unlike $FLOKI, $USELESS doesn’t even pretend to offer utility. The token’s mission is to challenge the crypto market’s obsession with utility, and it drove the point home in just one day.
That’s not surprising, as meme coins pass the baton as the rally rolls on.
These evergreen coins often reflect the sector’s broader movements, offering relatively lower risk-return opportunities.
Newcomers, on the other hand, have a hard time gaining visibility. But once they do, their volatility could pave the path for bigger payoffs.
The project’s ongoing presale is about to break the $2M milestone, as investors pivot to early-stage cryptos to offset losses from the recent crash. Now selling for fixed, discounted prices, the token is immune to broader market movements till it hits exchanges.
That alone isn’t a reason enough to stock up on an asset, though.
So, what’s really behind this buying frenzy?
To understand that better, we need to look at PEPENODE’s mine-to-earn mechanism, which offers a thrilling, gamified source of passive income.
Not many can afford the steep investment crypto mining demands or have the competence to conquer its learning curve. Although cloud mining set out to democratize mining, it failed to make a widespread impact, as scams and fraud flooded the space.
The project replaces expensive mining rigs with a virtual mining simulator that runs on-chain – keeping the fun and rewards while removing the steep costs and technical complexities.
Using the native $PEPENODE tokens, you can buy digital mining nodes and set up your own virtual server rooms. Each node has unique characteristics that determine its mining power, and by extension, your earning potential.
But this is where it gets more interesting.
But as always, do your own research before investing in crypto. This is not financial advice.
