Ethereum Meme Coins Season Begins With Scorching Hot Gains

The Ethereum meme coin sector is back with projects across the board generating substantial gains.

Ethereum’s price has increased 45% to $2,600 this week, sparking a frenzy within its meme coin ecosystem. Some of the top performers include Neiro (NEIRO), Turbo Trump (TRUMP), and MAGA, but one expert says that MIND of Pepe (MIND) could be next to explode.

Ethereum Meme Coins Season Begins With Scorching Hot Gains

The Ethereum meme coin sector is back in 2024, with several projects across the sector generating huge returns.

Neiro is one of today’s top performers with a 38% pump, taking its price to $0.00059. However, its weekly and monthly gains are even more impressive. Neiro has rocketed 185% this week and 225% this month.

It’s a similar story for Turbo Trump. This token, which is a play on the Turbo and Official Trump meme coins, has seen a massive 222% rise in the past 24 hours, putting it up 550% from this time last week.

This comes on a backdrop of Ethereum’s rapid price gains. It’s up 8% today, 45% this week, and 63% this month. Yes, in percentage gains, it’s less impressive than the returns provided by Neiro and Turbo, but in market cap gains, it’s one of the biggest runners among all financial assets.

Ethereum’s market cap has increased by $106 billion in the last seven days. In comparison, Microsoft (NASDAQ:MSFT), the world’s largest company, has seen a market cap increase of $100 billion in the same window, despite being valued over 10x higher than Ethereum.

Could Ethereum Meme Coins be This Cycle’s Smartest Play?

Ethereum’s deep liquidity and rapid price moves provide its ecosystem meme coins with a resounding edge.

Not only is Ethereum’s market cap exploding, but its ecosystem boasts a deep DeFi infrastructure, which could bolster token prices in the coming months. Here’s why:

According to DeFiLlama, Ethereum has a DeFi total value locked (TVL) of $63 billion. This is dry powder locked up in Ethereum DeFi protocols, mostly accruing an APY below 10%.

Traders are becoming increasingly aware of the lucrative returns that ecosystem tokens are providing, so we could potentially see a wealth rotation from low-yield Ethereum DeFi protocols into high-growth tokens like meme coins.

This, in turn, could further rocket Ethereum meme coin prices.

But while the entire Ethereum ecosystem looks bullish now, one project that smart money traders are watching closely is MIND of Pepe, a Pepe-themed Ethereum meme coin with its own AI agent.

New Ethereum Meme Coin Raises $9M As Presale Enters Final Stage

MIND of Pepe isn’t your average meme coin; it’s a project that’s bringing cutting-edge agentic AI to the meme coin sphere.

The project features artwork and branding in the style of Pepe coin, one of Ethereum’s most popular meme coins. However, it’s agent capabilities are unlike anything else on the market. It can scan social media and blockchain data to identify trends and trading opportunities which it will share with $MIND holders.

It’s a way for meme coin fans to stay ontop of the market without having to be locked in 24/7 – the agent will do that for you.

But here’s where it starts to really stand out: if the agent notices a gap in the market, it can launch its own tokens. Think projects like Goatseus Maximus and Fartcoin – they were both created by AI.

$MIND holders will also get insider access to these token launches, which could lead to serious gains. Imagine buying Fartcoin on day one. CoinMarketCap data says you’d be up 2,837,406%.

The project has also attracted attention for its unique approach, blending memetics and technological innovations. For that reason, analysts are tipping huge gains, with Borch Crypto predicting a 20x return for early presale investors.

The project is still in the presale stage and has raised $9.1 million so far. However, the presale is set to end in 17 days, so investors wishing to get in early should act fast.

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