Ethereum network token Pepe Coin (PEPE), a popular meme coin since 2023, led the cryptocurrency’s gains on Monday with a 31% green candle on Monday, followed by Floki Inu with a 10% intraday price rise on cryptocurrency exchanges.
Dogecoin (DOGE), Shiba Inu (SHIB), Book of Meme Coin (BOME), and Bonk (BONK) were very close on the leaderboards. The strong showing among meme coins at the beginning of the week may herald another rally in meme coins in the second half of May after memes corrected with the broader cryptocurrency market since the beginning of March.
PEPE and FLOKI – two ERC-20 tokens – could lead to gains on Monday by creating new Ethereum economies like Kai Cat (only available for pre-sale in Q2) to dominate the market performance among cryptocurrencies in the coming weeks. One thing all three memecoins have in common is that they are issued in quantities the size of Satoshi’s Bitcoin…
Math Coins: Cryptocurrencies for the Bitcoin Economy
The price of Pepe Coin on Monday was $0.00001005 in US dollars. Floki Inu was traded for $0.00018. Meanwhile, in pre-market sales, Kai Cat is flying over the air for $0.0040806 per KAI token. Do you want twenty dollars worth? You will have to purchase 4900 tokens.
Want to buy a fifty dollar Pepe Coin? You will become an instant PEPE coins millionaire with 4,975,124 PEPE in your MetaMask or in the secure crypto wallet of your choice.
What’s the point of owning millions, billions or trillions of tokens worth 100,000 red Lincoln cents? Why not label these cryptocurrencies with something that doesn’t strain your eyes to read and require some math to figure out their value?
It may make sense to price these mathematical currencies in Bitcoin rather than dollars. Well, not exactly. After all, one bitcoin is priced at around $60,000 this month on cryptocurrency exchanges.
Mathematical tokens, priced in Bitcoin, are still not the easiest for most investors to reasonably read amounts. One Pepe coin priced in bitcoin was trading for 0.000000000140791 BTC on Monday, according to CoinGecko data.
Fortunately, Bitcoin was originally designed by its creator to be divided into smaller and smaller amounts as its economy grew. Your bitcoin can eventually be divided into 100 millionths of a bitcoin, an amount called a satoshi.
Priced this way, Pepe Coin is worth 0.014 satoshi at Monday prices. Here’s another metric from the Kraken exchange. On Monday, $10 was worth 0.00016 BTC and 16,016 SAT.
Cryptocurrency investors are telling each other to “Stack those satellites” because if the predictions of several professional investor analysts at Web3 and Wall Street are on target, ten dollars will be saved because Bitcoin could be worth a hundred and sixty dollars in a few years from today.
Web Currencies 3.0: The bottom line for investors
So what’s the point of having such precisely divisible currencies?
Think of the micropayments economy. Imagine small, metered payments for only what you or your computer uses when using an app or website service. Or get paid that way when others consume and share your content, or even when you see an ad online.
This is just one of the reasons why KAI Cat recently raised close to $230,000 in a pre-sale on Ethereum.
Check out KAI’s pre-sale
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