These are the latest meme coins to rise

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These are the latest meme coins to rise

Keep an eye on these coins.

The crypto market had a notable exception last week, with one notable exception. Meme coins, known but risky cryptocurrencies, sometimes depicted with comical or animated memes that are supported by enthusiastic online followers, may hold little or no intrinsic value, posted big price increases.

The increase in these tokens' value is a direct contrast to the general dips that most crypto tokens are experiencing, though there are a few of these assets that have also grown over the past seven days.

We examine TRON, WOO Network, Pepe, FLOKI, Stacks, WOO Network and TRON this week. We have considered several factors, such as positive technical developments, significant news events, and notable changes in price, in selecting these assets.

There was no better gainer amongst crypto memes than PEPE, which was the star of the week. The price of the token-which has no value except for being a meme- more than doubled, though it still remains well below a cent. Although some have questioned the token and the fact that its development team probably controls a significant portion of the supply, it still managed to post a 120% increase.

The token is only a few days old, and investors should be skeptical of disingenuous behavior on the part of people trading it. Investors are frequently involved in the token for a quick buck. Binance has also listed the token, which might have fueled the upward movement further. PEPE is trading for around $0.000002193, having been traded last week at $0.000000696.

FLOKI is another meme coin, albeit one that has existed much longer than PEPE. The token's value increased by nearly 50%, possibly riding the wave with other meme coins, as these tokens experienced a resurgence in the past week.

The token was also listed on Binance, which could have contributed to the advancing price. Unlike PEPE, FLOKI tries to provide other utilities, such as use in a metaverse game. It appears that investors are more focused on the profits a'meme coin season' could produce. FLOKI is also changing hands well below 1 center, having traded at $0.000033 last week.

The value of the Stacks cryptocurrency increased by more than 10%, probably because of a significant increase in the use of NFTs on the Bitcoin network. StX has been benefiting from NFTs on Bitcoin, which has been used by crypto enthusiasts. Stacks provides a Bitcoin layer for smart contracts, including decentralized finance and NFTs. With smart contracts, developers can create programmable instructions, leading to decentralized applications.

The Bitcoin Ordinals used in the minting are similar to NFTs in that they provide data that can be used to make unique assets on Bitcoin. They are individual satoshis that are created directly on the Bitcoin network. Their data includes the media needed to create NFTs and requires no additional token or chain.

STX was recently priced at around 76 cents, up from 68 cents last week.

The WOO network token climbed more than 6% during the week. The rise may be partly due to the sale of the popular SUI perpetual token on its platform, with no fees attached.

In addition to the price gain, the network may have made changes to its community ambassador program, WOO Force. WOO is changing hands at around 26 cents after increasing as high as 32 cents on Friday and starting last week at 25.73 cents.

The value of the TRON Trex coin rose 3%, possibly because of an announcement about strategic cooperation with Huobi and BitTorrent. The collaboration is aimed at supporting the development of meme coins and their ecosystems.

The TRX recently was priced at around 6.85 cents, up slightly from 6.7 cents last week.

As of the date this article was written, the author doesn't own any of the assets discussed here.

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