Despite impressive gains, memecoins Pepe and Dogwifhat face threats from emerging competitors offering utility and functionality

Forget PEPE and WIF: These utility memecoins are getting ready to explode New projects like Pepe Unchained, Flockerz, and FreeDUM Fighters are attracting investors with layer-2 solutions, community governance models, and politically-themed games

Pepe (PEPE) and Dogwifhat (WIF) are two of the hottest memecoins this year. But can they take over their momentum into next year? The growing market competition signals that these crypto stars will soon be forced to shed their market caps as investors seek new alternatives.

PEPE and WIF are rattled

Pepe has surged over 1,000% in a year. Even after a series of price corrections, the frog-themed memecoin boasts a market cap of over $4 billion.
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WIF has also been on a wild ride this year. At one point in the first half, it overtook PEPE to become the world’s third-largest memecoin. Although PEPE has since reclaimed its position, WIF has thus far registered annual gains close to 1,300%. It is currently the world’s fourth largest memecoin.

However, with no utility integrations, these memecoin sensations are struggling to withstand growing competition due to emerging memecoins that offer both fun and functionality.

1. Pepe Unchained (PEPU): A Layer-2 dedicated to memecoins

Pepe Unchained ($PEPU) tops the list of utility coins to watch out for. It has already raised over $23.5 million in its ongoing presale.

Pepe Unchained has a bold mission–: to revolutionise the memecoin space with a Layer-2 blockchain solution. Network congestion is common especially during market booms, leading to long transaction delays and heavy transaction fees. Pepe Unchained addresses these very pain points for memecoin traders. Its Layer-2 technology improves blockchain scalability by processin transactions off the main chain.
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image1Spotlight WirePepe Unchained also taps into a popular meme. The internet sensation Pepe has become an icon in the memecoin market thanks to the rapid surge of the original PEPE memecoin. While most memecoins (including PEPE) confine themselves to humour and hype, Pepe Unchained has a more technical edge. It has a community of over 50,000 followers on X (Twitter) and more than 10,000 members on Telegram.

https://x.com/pepe_unchained/status/1848010998495515076

Early investors are snapping up $PEPU in the presale before it hits major exchanges. As the presale progresses, the price of the token is set to increase. A dynamic passive rewards system is active during the presale stage.

Pepe Unchained is a must-watch for all investors looking for memecoins with a little more substance behind the humour. The Layer-2 solution makes it a strong candidate in an otherwise playful market, as the $21 million presale shows.

Visit the Pepe Unchained (PEPU) presale

2. Flockerz (FLOCK): A new crypto community governance model

Communities are integral to the success of a memecoin. Flockerz ($FLOCK) is a new meme-themed crypto that platforms a decentralised governance model. It takes a fresh approach to community engagement.

While most crypto projects concentrate decision-making power in the hands of a few, Flockerz breaks away from the crowd. The vote-to-earn governance model gives $FLOCK holders a say in the project’s direction. Whether it’s voting on key developments or sharing ideas, $FLOCK holders have a voice.
image2Spotlight WireThe community has two ways to potentially benefit from the project financially, apart from holding $FLOCK tokens. The first is the vote-to-earn reward mechanism. The second is a passive income protocol where investors can put their tokens to work in exchange for annual percentage yields (APY).

The vote-to-earn reward mechanism has yet to go live. However, the passive income model is live from the presale phase and currently offers APYs above 1,500%. The APY decreases over time. Both reward mechanisms encourage investors to stay engaged and involved in the project’s growth.

In the presale phase, early investors can secure $FLOCK tokens at a fixed, discounted price. The presale is about to soar past the $1 million milestone.

With a focus on community involvement, $FLOCK stands out from the crowd of new memecoins. In a space often dominated by hype and centralised control, it redefines what a decentralised memecoin can look like. It has more to offer than flashy graphics and memes.

Visit the Flockerz (FLOCK) presale

3. FreeDUM Fighters (DUM): The must-watch PolitiFi coin of this season

FreeDUM Fighters ($DUM) takes the heat of politics and turns it into a fun, engaging game for investors.

$DUM is stepping into the PolitiFi niche. It is gaining popularity in the memecoin market by capitalising on the current U.S. election frenzy. For anyone interested in political satire, $DUM is a top crypto to watch this season
image3Spotlight WireIt takes the community on a parody-packed journey through a fictional election that mirrors the real one. Investors can join the fun in multiple ways:
By voting for their favourite satirical characters: The project has created outrageous characters with hilarious backstories. KAMACOP and MAGATRON capture the chaotic energy of real-world politics.By engaging in lively debates: Through memes, news stories, and debates, the project aims to become a part of the conversation.By expressing their opinions through polls: The $DUM token is tied to gamified reward streams.Tokens like ConstitutionDAO ($PEOPLE), MAGA ($TRUMP), and MAGA Hat ($MAGA) have also turned PolitiFi into a hot niche within the memecoin market.

The $DUM token presale is gaining momentum. It has raised over $380,000, although it has been just days since the presale launched. To broaden its reach, the project is partnering with influencers and online communities in the crypto and political satire spaces. The project’s marketing campaigns and contests will be aligned with key moments in the U.S. election season.

Recently, Jacob Crypto Bury featured $DUM on his YouTube channel as a potential 10X memecoin.
The ongoing $DUM presale supports multiple chains, including Ethereum (ETH), Binance Smart Chain (BSC), Base, and Solana (SOL). As a memecoin that mixes political satire with gamified rewards, FreeDUM Fighters ($DUM) is a new memecoin to keep an eye on.

Visit the FreeDUM Fighters (DUM) presale

Name: Pepe Unchained
Email: [email protected]

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This story originally appeared on: India Times - Author:Faqs of Insurances