As we reported as Kriptokoin.com, the most preferred coins of recent weeks are meme coin projects. As you know, PEPE became the favorite of many investors right after its launch and the frog-themed coin gained 514 percent in 6 days. Recently, a newcomer to the markets, REKT has been on the watch list of many investors, and the popular meme coin instantly rose in value by 90 percent! So what’s next? Here are the details…
The cryptocurrency market is awash with meme coin projects!
As you know, the popular coins of recent weeks appear as meme coin projects. Continuing the trend that started with PEPE, the popular meme coin REKT has gained over 90 percent in value in the last 24 hours and has been on the list of many investors. Although the Arbitrum-based token has only been on the market for a few days, it has built a significant following. Like most memecoins, it has no specific purpose, the website says it’s all about the “get rekt” meme. The description of the project is as follows:
At REKT we believe that investing should be exciting, not boring. That’s why we created a coin designed for people who want to take risks, have fun, and maybe even do a little “get rekt” along the way.
Rekt is a short use of the English word ‘Wrecked’. To be destroyed means to be destroyed. Despite the lack of definitive use cases, the meme coin has seen several centralized exchanges list it for their users. Crypto exchange AscendEX announced that it has listed a REKT/USDT trading pair for trading. The firm added that withdrawals will become available to its users from April 24. Another lesser-known exchange, Lbank.com, also announced that it has listed the REKT coin.
Perhaps the largest exchange to list Memecoin is Justin Sun-backed Poloniex. The crypto trading platform said it was excited to welcome REKT and added that it would be ready to trade immediately. Meanwhile, MEXC Global has also listed REKT for futures trading with 10x leverage. Other exchanges listing REKT include BitGet and decentralized exchange platform Uniswap.
REKT Price analysis
Following the triple listing, REKT’s value rose to an all-time high of $0.00000003935, according to CoinMarketCap data. However, at the time of writing, it was withdrawn to $0.00000003389. For this altcoin, which was “pumped” by many investors, experts suggested to be careful, while the predictions of artificial intelligence bots drew attention. Dubbed the Maximal Extractable Value bot, the bot found that both meme coin projects are benefiting from this “pump move,” after the value of WOJAK and PEPE coins rose by over 80 percent and 200 percent, respectively, in a short period of time.
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