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Meme cryptocurrencies have dominated trends lately, leading digital asset gainers with massive upswings in recent bull runs.
However, these assets have faced criticism as they lack intrinsic value, often relying on hype to skyrocket to ATHs before relentless declines.
Tequila ($JULIO) wants to change that narrative by combining real-world celebrations, blockchain, and the meme culture.
Notably, the project will go live with a fair launch, which involves issuing all tokens instantly, on 10 July.
Dogecoin (DOGE) has failed to regain the momentum that saw it flying to record highs in 2021, and nothing seems to come to the rescue.
Also, PepeCoin (PEPE) appears in massive struggle as its bearish sentiments mount.
Technical indicators suggest more pain for the meme token that outperformed the markets a few months ago.
Dogecoin fails to recover
While Dogecoin remains the leading crypto in the meme sector, recent trends suggest dynamics change.
The altcoin saw massive upswings in the previous bull run, with endorsements from figures such as Elon Musk propelling DOGE to ATHs.
However, the meme token seems to have lost the glory it once had.
Dogecoin has witnessed volatility this cycle as players migrate from useless memes to tokens with utility.
Declining interest from large-scale investors could translate to more pain for the original themed crypto.
DOGE trades at $0.1042 after losing over 5% of its value in the past day.
It also crashed 30% on the monthly chart, indicating robust bearishness.
Tequila: taking memecoin utility to another level
Tequila is a new and unique meme token set to launch on the Solana ecosystem this week.
With its ties to the Mexican popular drink, this upcoming token plans to dominate the marketplace fashionably.
Tequila remains a top brand, and $JULIO allows anyone to celebrate while interacting with the cryptocurrency market.
The altcoin harmonizes the never-ending fun of Tequila-filled moments with a meme crypto touch.
Are you looking for a way to record your favorite nights in the blockchain world?
The project will conduct a fair launch this week (July 10th), issuing all assets instantly, unlike the usual ICOs.
Developers will jump to marketing after the fair launch, pushing the token on data and aggregator platforms such as CoinGecko and Coinmarektcap.
PEPE in distress
PepeCoin stares at more pain as it fails to bounce back after steep corrections.
The token maintained a downward stance at press time, down nearly 40% in the past 30 days.
PEPE fails to keep lower footholds and seems poised for another 15 – 20% price dip.
The Moving Average Convergence Divergence confirms amplified selling momentum.
Thus, PEPE will likely dip below the $0.000007 support to test $0.0000065, where it could experience a rebound – like before.
Meanwhile, enthusiasts appear pessimistic about PEPE’s future price action, as the altcoin could remain stagnant for a while.
You can find more information about meme crypto Tequila here.
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