1. PEPE
PEPE is a typical meme coin. It was launched on the Ethereum blockchain to pay tribute to 'Pepe the Frog' created by Matt Furie. The biggest feature of PEPE is that it is a pure meme coin with no actual application value, existing solely for social and entertainment purposes. As a result, it has attracted a large number of investors who appreciate the simplicity and entertainment of cryptocurrencies.
Between April and May 2023, PEPE experienced a rapid surge, with its market cap reaching up to $1.6 billion, providing considerable returns to early investors. PEPE's roadmap includes three phases: first, listing on platforms like CoinMarketCap and gaining popularity on Twitter; then entering centralized exchanges; and finally planning to enter larger exchanges to capture a bigger share in the meme coin space. Whether it can continue to rise strongly will depend on further market developments.
2. JASMY
Another noteworthy project is Jasmy, developed by Tokyo's IoT company Jasmy Corporation. Jasmy aims to restore and protect the sovereignty of personal data through blockchain technology, allowing users to take control of their data. By combining IoT technology with blockchain, the Jasmy platform provides users with a decentralized data exchange platform that allows direct exchanges of IoT devices and data without the need for trust.
Jasmy also decentralizes data storage through edge computing and the InterPlanetary File System (IPFS), enhancing data security. This unique data management approach gives Jasmy extensive application potential in the Internet of Things (IoT) field. If Jasmy can successfully implement its plans, it may achieve breakthroughs in the future intersection of IoT and blockchain.
3. SHIB
SHIB is another interesting cryptocurrency. It was initially inspired by Dogecoin, but it operates on the Ethereum blockchain. SHIB was launched in 2020 by an anonymous developer named Ryoshi, with an initially very large supply of 1 quadrillion tokens. To avoid excessive market inflation, the founder of SHIB gifted half of the tokens to Ethereum co-founder Vitalik Buterin, who donated most of them to a Covid-19 relief fund in India and burned 40% of the tokens.
Although SHIB was initially launched as a meme coin, due to its operation on Ethereum, it can participate in various decentralized applications. For example, it launched its decentralized exchange ShibaSwap, where users can trade and stake SHIB tokens. In the future, SHIB also plans to launch an NFT platform and establish a decentralized autonomous organization (DAO) for governance, initiatives that could allow SHIB to evolve from a simple meme coin into a feature-rich blockchain project.
