Litecoin Turns Memecoin Amid Price Surge in WIF and PEPE

user avatar

by Giorgi Kostiuk

2 years ago

Amid a new wave of popularity in meme cryptocurrencies, Litecoin has declared itself a memecoin, following the likes of tokens such as WIF and PEPE.

New Wave of Meme Cryptocurrencies

The crypto market has again become a field of unexpected trends and influences, with Litecoin announcing its new status as a memecoin. This decision was made after such tokens as dogwifhat (WIF) and Pepe Coin (PEPE) appeared on major exchanges.

Sharp Price Increase of PEPE and WIF

PEPE saw the largest increase, reaching a new all-time high of $0.00002597. Dogwifhat (WIF), based on the Solana blockchain, also made an impressive mark, rising more than 65% in one day.

Litecoin as a Memecoin

In light of this craze, Litecoin decided to join the trend and announced its transition to a memecoin. This helped Litecoin increase its capitalization by 13%, though it remains behind WIF and PEPE, which have reached market caps of $4.17 billion and $9.43 billion, respectively. "Due to current market conditions I now identify as a memecoin," stated Litecoin's official social media account.

Litecoin's decision to change its status to a memecoin has become part of a broader trend and highlights the impact of meme popularity on the crypto market.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

Optimism Releases Required Batcher Update v1170

Optimism has announced the release of opbatcher v1170, which is mandatory for operators using the batching infrastructure for OP Stack chains.

user avatarAndrew Smith

NEAR Developers Release First Candidate for nearcore 2140

The NEAR developers have published the first release candidate for nearcore 2140, introducing significant protocol and database changes.

user avatarJacob Williams

Lido Completes Winddown of Regular Simple DVT Clusters

Lido has successfully completed the winddown of its regular Simple DVT clusters, marking a significant step in the decentralization of its validator operations.

user avatarZainab Kamara

Avalanche Schedules Helicon Network Upgrade for September 22

Avalanche has announced the Helicon network upgrade for its mainnet, set to activate on September 22 at 1500 UTC.

user avatarSon Min-ho

Uniswap Proposes Protocol Fee Rollout to Circles Arc Blockchain

Uniswap Labs has introduced a proposal to extend its protocol fee collection and UNI burn infrastructure to the Arc blockchain.

user avatarAyman Ben Youssef

Aave V4 Now Live on Circle's Arc Blockchain

Aave V4 has officially launched on Circle's newly established Arc blockchain, featuring key assets such as USDC, EURC, cirBTC, and WETH.

user avatarTando Nkube

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.