Another 2.0 Meme Token Trends on DEXTools - Is Shib 2.0 a Good Buy?

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2.0 meme coins such as SHIB2.0 have been exploding in price on Uniswap, despite the Bitcoin price pulling back to retest the $30k level earlier this week. Since its release on July 6th, the Shiba Inu sequel, Shib 2.0 ($SHIB2.0), has experienced a significant price increase, yielding remarkable offers for early investors.

One of the greatest gainers on DEXTools over the past day was $SHIB2.0, with a price increase of 1,773%. Since then, interest in Shiba 2.0 has risen, which can be attributed to the fact that investors are looking for a second opportunity to capture gains comparable to those that Shiba Inu achieved in 2021.

Is the $SHIB2.0 memecoin set to become the next big thing?

Recently, centralized exchange listings have given $SHIB2.0 credibility. Since its launch, Gate.io and LBank have already listed $SHIB2.0. The LBank listing was the first to be announced, and immediately after it was disclosed, the price increased by more than 100%.

Only an hour ago, it was reported that Gate.io would list the $SHIB2.0, but the price hasn’t moved since then. The current price of $SHIB2.0 is $0.000000012, and the trading volume for the last 24 hours was $6,030,392. $SHIB2.0 has experienced a decrease of 15.08% over the past 24 hours.

Despite this setback, the number of people who own tokens has continued to rise, with almost 6.4k token holders. The price of $SHIB2.0 skyrocketed in the past few days, making it one of the top gainers on DEXTools. The exponential growth that this project has seen in such a short period is indicative of the volatile nature of the memecoin industry.

With such a meteoric beginning, it’s clear that $SHIB2.0 has what it takes to become a serious new player in the industry. The 2.0 version of memecoins has seen a recent price increase. However, critics fear it won’t stand the test of time. See our guide to the best altcoins to buy now here.

The next wave of memecoins might pump next

When compared to the original coin that was replicated, 2.0 currencies provide little new or exciting to the market. On the other hand, emerging memecoins such as Thug Life might prove to be more realistic solutions in the long run. See our guide to the best memecoins to buy here.

Thug Life ($THUG)

Despite its relatively recent introduction, the Thug Life token is one of Web3’s most popular meme currency projects and has already seen its presale soar above the enormous $800k milestone. There’s been a lot of buzz about the project’s $THUG token presale in the cryptocurrency community,

with a lot of analysts predicting its success owing to the novel approach it takes to the memecoin market. However, the moment of opportunity for memecoin degens to participate early is getting shorter soon. This is because the $THUG presale is set to conclude in seven days, or when the milestone of $2.058 million is reached, whichever comes first.

Yo, you got that $THUG in your stash?
Fully stocked, ready to make a splash?
We grindin’, hustlin’, prepping for the weekend,
But hold up, next week’s where the heat ascends. pic.twitter.com/M1QypGMM9n
— Thug Life Token (@thug_life_token) July 7, 2023

The presale will end on July 17th, and the project will go live on decentralized exchanges shortly after. At that point, the only ways to obtain $THUG tokens will be through the project’s airdrop and community incentives scheme or at a higher cost on notable decentralized trading platforms. See our guide to the best crypto ICOs to invest in here.

There is no minimum investment required, therefore, it is accessible to all potential investors. There will be a total of 4.2 billion $THUG tokens in circulation, 70% of those will be sold at a presale price of $0.0007 per token, while the remaining 30% will be allocated to market rates and community recognition.

Overall, Thug Life’s cultural relevance, community emphasis, and alluring tokenomics support its potential to become a market leader in the meme currency space. Thug Life is a promising new venture, and while it may be too soon to tell if it will explode following its public offering, it is certainly one to keep an eye on in the weeks that follow.

Take part in the $THUG presale at thuglifetoken.com.