On February 19, the globally leading cryptocurrency trading platform WEEX will appear at Consensus HK 2025 as a 2 Block Sponsor. At this globally recognized blockchain event, WEEX will join industry leaders, investors, and technology experts to explore the future of Web3 and crypto trading. As one of the most significant conferences in the crypto industry, Consensus attracts top professionals worldwide each year, driving innovation and development in digital assets.
During the event, WEEX Vice President Thomas Kay will be joined by renowned industry author Anndy Lian for a special keynote, providing in-depth insights into WEEX’s user growth, trading volume, ecosystem expansion strategies, and the future of the WXT token, while also sharing the platform’s latest global market expansion strategies. Additionally, WEEX will engage with thousands of blockchain experts, developers, investors, and corporate representatives to explore how AI is empowering crypto trading and driving rapid industry growth.
Notably, WEEX has announced that 20% of its quarterly platform profits will be allocated for buybacks and burns of $WXT to reduce market circulation and enhance token scarcity. In the first round, 4 billion WXT, accounting for 40% of the total supply and valued at over $120 million has already been burned. This deflationary mechanism establishes a strong foundation for WXT’s long-term value.
The newly released WXT Whitepaper outlines WEEX’s upcoming development direction, key future milestones, and its commitment to innovation, transparency, and continuous growth. Key highlights include an upgraded global expansion strategy, impressive ecosystem performance, and enhanced security and reliability. These improvements reflect WEEX’s ongoing efforts in globalization, ecosystem development, and security enhancement, underscoring its commitment to providing users with a superior trading experience.
As one of the fastest-growing emerging crypto exchanges, WEEX will leverage Consensus HK 2025 to showcase its trading system, security solutions, and ecosystem roadmap, while fostering deeper industry dialogue to drive global crypto market development. Looking ahead, WEEX plans to expand its global reach, explore more innovative solutions, and collaborate with industry partners to further develop the cryptocurrency ecosystem.
Anndy Lian is an early blockchain adopter and experienced serial entrepreneur who is known for his work in the government sector. He is a best selling book author- “NFT: From Zero to Hero” and “Blockchain Revolution 2030”.
Currently, he is appointed as the Chief Digital Advisor at Mongolia Productivity Organization, championing national digitization. Prior to his current appointments, he was the Chairman of BigONE Exchange, a global top 30 ranked crypto spot exchange and was also the Advisory Board Member for Hyundai DAC, the blockchain arm of South Korea’s largest car manufacturer Hyundai Motor Group. Lian played a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organization committed to improving productivity in the Asia-Pacific region.
An avid supporter of incubating start-ups, Anndy has also been a private investor for the past eight years. With a growth investment mindset, Anndy strategically demonstrates this in the companies he chooses to be involved with. He believes that what he is doing through blockchain technology currently will revolutionise and redefine traditional businesses. He also believes that the blockchain industry has to be “redecentralised”.
It’s a milestone that’s been on global cryptocurrency enthusiasts’ minds for many years: Bitcoin’s recent rally to a value of $100,000. At the same time, Bitcoin’s surge helped uncover Asia’s sky-high enthusiasm for crypto adoption and development.
The scale of Bitcoin’s ongoing rally is the topic of much debate, but its resonance in Asian economies appears assured regardless of the direction that the cryptocurrency takes in the months ahead.
According to the 2024 Global Crypto Adoption Index, Central & Southern Asia and Oceania (CSAO) lead the world in crypto adoption, accounting for seven of the top 20 most active nations for both centralized and decentralized finance (DeFi) protocols.
At the forefront of this growth was Indonesia, which surpassed $30 billion (475.13 trillion rupiah) in cryptocurrency transactions between January and October 2024, representing a growth of over 350 percent in comparison to the same period in 2023.
However, we’re also seeing widespread change at an institutional level, which could see significant growth in the number of cryptocurrency use cases in 2025 and beyond throughout the region. With interest in crypto reaching new levels in the Asia-Pacific, Bitcoin is becoming more accessible than ever before.
Bitcoin’s recent growth has brought a series of watershed moments for Asian adoption of crypto. In November, ZA Bank, Hong Kong’s first and largest digital bank, became the continent’s first institution to offer cryptocurrency trading services directly to retail investors. With ZA Bank’s app, it’s possible for users to trade cryptocurrencies like Bitcoin and Ethereum without the need for switching platforms in the process.
In November 2024, Japanese firm AEON announced the launch of a QR code payment system on Binance’s BNB Chain with Terminus, helping to scale crypto payment accessibility in East Asia.
The tools are intended to make cryptocurrency payments a seamless experience for users and merchants, and the initiative could help leverage more offline cryptocurrency payments throughout the region.
Cryptocurrency payments have been identified as a leading payment trend due to their flexibility and security qualities, and opening the door to making purchases with coins like Bitcoin represents a major step toward acceptance.
We’re also seeing Asian firms making strides in expanding investment opportunities at an institutional level.
Focused on leveraging Bitcoin as a primary reserve asset to optimize financial strategies and drive stakeholder value, Sora Ventures has launched a $150 million fund to grow Bitcoin-focused investment strategies among listed companies throughout Asia. Targeting companies listed on major stock exchanges throughout Japan, Hong Kong, Thailand, Taiwan, and South Korea, the move is a conscious effort to replicate the success of MicroStrategy’s Bitcoin reserve model in the United States.
In the month following the U.S. presidential election, which saw both Wall Street and cryptocurrency markets embark on a rally off the back of Donald Trump’s victory, Bitcoin grew by 30 percent. That’s over twice the 14 percent growth rate experienced by the Roundhill Magnificent Seven ETF (MAGS), an exchange-traded fund that focuses on Wall Street’s seven largest companies by market capitalization.
The expansion of investment options for Asia’s largest firms can open the door to better-managed growth, and the ability to embrace the historical outperformance of cryptocurrencies like Bitcoin fully.
It’s also important to highlight Asia’s invaluable role among crypto developers, with the continent surpassing North America in recent years to attain a strong market share. Since 2015, Asia’s share of global cryptocurrency developers has surged from just 13 percent to 32 percent, while North America’s market share fell from 44 percent to 25 percent over the same period.
While India has been a driving force in Asia’s newfound crypto dominance, nations like China, Japan, Hong Kong, and Singapore have all helped to build a conducive infrastructure for crypto developers.
According to Singapore-based fund manager Anndy Lian, in the emerging markets of India and Southeast Asia, where traditional banking infrastructure can be less accessible, cryptocurrencies like Bitcoin have helped to democratize financial services to residents. It’s this necessity for innovation that appears to be positioning the Asia-Pacific at the forefront of crypto innovation, and the benefits are being reaped by retail investors and institutions alike.
According to a recent National Thailand report, nations like Thailand, Indonesia, and the Philippines possess high smartphone penetration rates, making cryptocurrency far more accessible during its ongoing market rally. As a result, we could see far more sustained adoption rates for crypto and DeFi services developed locally.
Despite clear indications that Asia is embracing the ongoing cryptocurrency rally more enthusiastically than ever before, a number of challenges remain.
Cryptocurrency is famously volatile and open to exploitation among unwitting users. With Bitcoin’s historical bull runs giving way to substantial losses, both retail and institutional adopters will need to be wary of buying into crypto.
Asia is also contending with cryptocurrency crime, which could become more widespread as adoption grows. Forbes recently reported that addresses in China received more than $37.8 million in cryptocurrency between January 2018 and April 2023, with links being made to illegal fentanyl sales being made using crypto payments on a major scale. This may call for regulatory oversight capable of rapidly adapting to an industry that’s famous for its unpredictability.
For all its problems, Bitcoin’s recent surge beyond $100,000 serves as a reminder of the vast potential of the cryptocurrency industry. By responsibly embracing the potential of crypto, the Asia-Pacific can become more prosperous, economically flexible, and accessible to all residents.
Despite its famous volatility and concerns over misuse, the long-term potential of cryptocurrency is bright, and Asia is well-positioned to become a world leader in crypto innovation.
Anndy Lian is an early blockchain adopter and experienced serial entrepreneur who is known for his work in the government sector. He is a best selling book author- “NFT: From Zero to Hero” and “Blockchain Revolution 2030”.
Currently, he is appointed as the Chief Digital Advisor at Mongolia Productivity Organization, championing national digitization. Prior to his current appointments, he was the Chairman of BigONE Exchange, a global top 30 ranked crypto spot exchange and was also the Advisory Board Member for Hyundai DAC, the blockchain arm of South Korea’s largest car manufacturer Hyundai Motor Group. Lian played a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organization committed to improving productivity in the Asia-Pacific region.
An avid supporter of incubating start-ups, Anndy has also been a private investor for the past eight years. With a growth investment mindset, Anndy strategically demonstrates this in the companies he chooses to be involved with. He believes that what he is doing through blockchain technology currently will revolutionise and redefine traditional businesses. He also believes that the blockchain industry has to be “redecentralised”.
Ethereum-based meme coin PEPE surged over 150% in the last week of February 2024 to lead a meme coin frenzy as fear-of-missing-out (FOMO) trading kicked in after bellwether Bitcoin (BTC) neared all-time highs.
In this article, we talk about the PEPE token price, analyze the ongoing meme coin frenzy, understand why people invest in meme coins, and ask experts how to find the “next DOGE.”
Key Takeaways
PEPE outperforms older rivals DOGE, SHIB, and BONK.
2023-created meme coins like Solana’s WIF and Donald Trump-themed TRUMP posted outsized gains.
Whales began taking PEPE profits as one whale converted their position from PEPE to SHIB.
Social forces and attempts to find the next 100x meme coin fuel the market frenzy.
Crypto expert Anndy Lian shares methodology to “find the next DOGE.”
Finding the Next Dogecoin
Table of Contents
The Latest Price Analysis: PEPE Outperforms Popular DOGE and SHIB
On February 28, 2024, the PEPE crypto price rose to $0.00000362, its highest since May 2023. Pepe the Frog-inspired meme coin regained its billion-dollar market cap for the first time since its debut. Only Dogecoin (DOGE), Shiba Inu (SHIB), and Bonk (BONK) had a higher market cap than PEPE at the time of writing.
This week, PEPE has become the top performer among the biggest meme coin names. The three dog-themed meme coins DOGE, SHIB, and BONK posted gains of 50%, 45%, and 74% in the last seven days, respectively – as of February 29, 2024 – only to be trumped by PEPE, which rose over 150% in the same period.
PEPE is a newer meme coin compared to DOGE and SHIB. PEPE debuted less than 12 months ago, in late April 2023, while DOGE is over ten years old, and SHIB came to prominence in the 2020-2021 bull cycle.
The freshness of PEPE certainly plays a part in its outperformance against the old dogs. Supporting this thesis is the explosion in the price of meme coins that debuted in 2023 and 2024.
Take Solana’s new meme coin darling, for example. Dogwifhat (WIF) is one of the hottest new cryptos in town, which has gained nearly 400% since its December 2023 debut and over 150% in the last seven days as of February 29, 2024.
Another 2023-launched meme coin that has outperformed its peers is a Donald Trump-themed crypto called MAGA (TRUMP). The TRUMP meme coin has ballooned nearly 3,000% since the start of 2024.
However, there were warning signs that PEPE price movement was getting overheated. Blockchain analytics firm Lookonchain revealed that a whale sold all of their 1.9 trillion PEPE tokens on Binance for a cool $3.49 million profit on February 29, 2024. The whale later changed his position from PEPE to SHIB – the latter has been underperforming PEPE.
Meme Coin Frenzy Takes Over 2024 Crypto Bull Run
In this section, we explain meme coin investing through the following points:
1. Meme Coin Degens Do Not Care About Utility or Fundamentals
For an outsider, the price movement of meme coins tends to make zero sense. Fundamental analysts are often baffled by the large sums of money invested in these crypto tokens with zero utility.
Non-crypto-natives should understand that crypto degens rarely look for utility or strong fundamentals. They want to find the next Dogecoin to possibly 10x-100x their crypto investment, well knowing the high volatility and risks involved.
2. Crypto Traders Seek Outperformance in Bull Markets
Battle-hardened crypto natives tend to invest in cryptocurrencies through bear markets, making them well-prepared to take hefty profits early when bull markets return. In search of market outperformance, experienced traders have shown a tendency to shift funds out of large market cap coins like BTC, which tend to lead crypto bull runs, to smaller market cap tokens that follow.
As quoted in Techopedia’s Bitcoin bull run 2024 article, crypto hedge fund Pantera Capital said in a report:
“While one of the highest sources of alpha has historically come from a perfectly timed rotation from Bitcoin into altcoins as phase 2 commences, that relationship won’t necessarily always hold true, nor is timing that rotation perfectly a reality for any trader.”
The meme coin frenzy that we are witnessing at the moment is an indicator that traders are now looking to altcoins for “alpha” as Bitcoin nears all-time highs.
3. The Importance of Social Forces in Meme Coin Investing
Social forces play an incredibly important role in driving meme coin price gains. Meme coins are inspired by internet memes, jokes, and satire. They bank on community participation, humor, and virality to attract followers and investors.
Elon Musk’s ‘comeback’ in the game could add flames to the meme coin frenzy.
Top meme coins like DOGE, SHIB, and PEPE have loyal followers who enjoy sparkling conversations about their beloved meme coins on social media platforms like Discord and X.
This vibrant social buzz tends to attract newcomers, many of whom end up swapping their fiat for meme coins.
Anndy Lian, an intergovernmental blockchain expert, told Techopedia: “Meme coins can create a sense of community and belonging among their fans, who often use memes and jokes to communicate and promote their favorite coins.”
“Social forces play a crucial role in meme coin investing, as they can generate demand, influence sentiment, and create network effects for these coins.”
Finding the Next Dogecoin
New meme coins may come and go, but none has been able to usurp the king of meme coins – DOGE. The Elon Musk-endorsed token is the ninth biggest crypto in the world with a market cap of over $18.64 billion. At the time of writing, Dogecoin price stood at $0.13, having returned a whopping 23,200% since its debut in December 2013, CoinMarketCap data showed.
In this section, we talk to crypto expert Anndy Lian on how to find the next DOGE.
“Investors should look at the next DOGE in a “fun” manner. Personally, I hunt for them on X (formerly known as Twitter). This is the same place where I spotted $RATS, $FLOKI, $WIF, $GROK, and many more.”
Investors should look for the following traits when evaluating the potential of meme coins:
Catchy and memorable name, logo, and theme, based on a popular or trending meme.
Strong and engaged community that is active on social media, sharing memes, jokes, and news about their coin.
Supportive and influential network of core community/team members or celebrity endorsements (e.g., Musk and DOGE) that can boost a coin’s visibility and credibility.
Meme coin is an interesting sector to uncover. The best place to discover and analyze the social fever created by meme coins is on X. There, you will find opinions about meme coins from incredibly passionate community members as well as rational crypto traders.
However, we want to highlight that meme coins are highly volatile and risky cryptocurrencies. Most meme coin projects enjoy a short period of fame and may become irrelevant after the market loses interest in them.
Anndy Lian is an early blockchain adopter and experienced serial entrepreneur who is known for his work in the government sector. He is a best selling book author- “NFT: From Zero to Hero” and “Blockchain Revolution 2030”.
Currently, he is appointed as the Chief Digital Advisor at Mongolia Productivity Organization, championing national digitization. Prior to his current appointments, he was the Chairman of BigONE Exchange, a global top 30 ranked crypto spot exchange and was also the Advisory Board Member for Hyundai DAC, the blockchain arm of South Korea’s largest car manufacturer Hyundai Motor Group. Lian played a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organization committed to improving productivity in the Asia-Pacific region.
An avid supporter of incubating start-ups, Anndy has also been a private investor for the past eight years. With a growth investment mindset, Anndy strategically demonstrates this in the companies he chooses to be involved with. He believes that what he is doing through blockchain technology currently will revolutionise and redefine traditional businesses. He also believes that the blockchain industry has to be “redecentralised”.
