Buy, sell, or hold: what to do with PEPE, WIF, and DOGE?

These tokens have been at the forefront of a recent rally.

WIF experienced a 45% surge thanks to a crowdfunding campaign. After several weeks of relative quiet, assumptions about the end of the meme coin season were disproved by the impressive comeback of Dogwifhat (WIF), which surged by 45% and reached an all-time high of $3.45.

This surge was driven by a successful crowdfunding campaign where the WIF community raised $700,000 to place the token's logo on the Las Vegas Sphere. The Sphere Wif Hat campaign started on March 10th and attracted not only retail investors but also major players in the Solana ecosystem, including Phantom Wallet.

The original meme coin, Dogecoin, which currently holds the tenth position in the list of the most capitalized cryptocurrencies, remains a significant player in this segment. Its price recently jumped by 10% following Elon Musk's statement that Tesla would accept payments in DOGE.

However, not everyone views meme coins positively. For example, Franklin Templeton noted in a letter to investors that meme coins lack utility. The company emphasized that their popularity is driven by their viral nature, low entry barriers, and potential for quick profits, albeit with significant volatility.

Some analysts associate the increased interest in meme coins with reaching the market peak. The trading volume of meme coins has surged to a level last seen before the start of the global correction in 2021.
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