Wojak (WOJAK) price up 570% this past week: Here’s why

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  • WOJAK price has jumped from around $0.00006 on April 25 to today’s high.
  • While the total cryptocurrency market cap is down 1.5% in the last 24 hours amid bitcoin’s struggle to $28k, the new meme crypto token is taking off.
  • The skyrocketing prices for WOJAK come after huge gains for the frog internet meme coin Pepe (PEPE).

The price of the token Wojak (WOJAK), which is traded on exchanges such as Gate.io and BitGate, has reached a record high of over $0.00065 today. The WOJAK token was up more than 74% on Tuesday morning. Meanwhile, over $91 million has been traded in the last 24 hours.

While the price was around $0.00058 at the time of writing, the overall gain for WOJAK/USD was over 570% over the past seven days. Wojak had a market cap of $41,121,268 as of 6:50 PM ET on May 2, ranking in the small cap altcoin 496th on Coinmarketcap.

What is Vojak?

vojak is a new cryptocurrency Project that gives people a chance to explore the world of memes through a decentralized network.

The native token of the platform is WOJAK, inspired by the iconic internet meme that bears the same name. WOJAK is designed to help holders engage in activities such as buying and selling memes. In addition to trading the tokens, holders can also use them to participate in community events.

Why is the price of Vojak increasing today?

Today’s price rise of WOJAK meme coin comes after the team announced Another community NFT Mint. Speculating on the token is also another with huge upside potential for Memecoin.

With the token being launched a few weeks back, traders are seeing it as FOMO after PEPE’s sensational gains. Pepe is an Ethereum-based memecoin inspired by the popular Frog internet meme, and which seeks to follow in the footsteps of successful projects such as Dogecoin and Shiba Inu.

While PEPE price has risen over 2,000% from its all-time low on April 18, 2023, WOJAK price has jumped over 1,171% since reaching its all-time low of $0.00004902 on April 21, 2023.

Some investors have tried to cash in on the huge profits it collected over one period to see Wojak currently trading about 7% below its all-time high price. And although Memecoin still looks strong, its potential over-leveraging could lead to a massive drop in price.

As mentioned, the WOJAK token currently trades on some notable CEX platforms as well as on the leading decentralized exchange Uniswap.

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