Meme coins are currently receiving considerable attention and shattering daily trading volume records. In the past week, the Hong Kong meme coin’s value has increased by more than 1,000%.
Many investors view this new phenomenon as comparable to the $PEPE token. Meanwhile, investors are optimistic about the potential for significant upward trends in $WSM and $ECOTERRA tokens.
The $KONG daily uptrend is gaining strength.
In a largely stagnant market, meme currencies have been the crypto space’s primary source of buoyancy.
The parody coin subsector has generated some of the most successful initiatives that have achieved mainstream adoption.
The $PEPE token was the first of the new breed of meme coin stars. It became famous around the world when its market value went up to $1.6 billion.
Even though its meteoric ascent has since slowed, $PEPE remains one of the most actively traded meme coins in the crypto sphere.
A new meme coin known as Hong Kong can potentially replace $PEPE.
At the time of writing, its native token, $KONG, is trading at $0.0000025, indicating a daily increase of 29.58 per cent.
The asset’s weekly performance was the most remarkable of all, with the meme token increasing by more than 1,000% over the past week.
This has caused it to trend higher on DEXTools than $PEPE, $SPONGE, and other top meme coins. The meme token has a market capitalization of over $1.2 million.
Given that it has been less than two weeks since its inception, this is an important milestone for the token resembling an ape.
Hong Kong is a meme coin developed for entertainment purposes only. With a 0% purchase or sell tax and a substantial liquidity pool, however, many individuals have invested in the project.