$PORK vs GROK: Which One’s Strongest Community-Driven Meme Coin?
Meme coins are more than just low-priced coins. Many top-notch people, including Elon Musk and Mark Cuban, have talked about favoring the meme coin. They initially gained the hype in 2021, and now hundreds of meme coins exist with various features. Out of many meme coins, PORK & GROK are known for being community-driven and are rising in popularity these days. Let’s look at PORK vs GROK and why these meme coins are in the hype.
Understanding The Rise of Meme Coins
People often mistake meme coins and altcoins (coins other than Bitcoin) as the same, but that’s not entirely true. All meme coins are altcoins, but not all altcoins are meme coins.
Meme coins are coins based on memes or anything trending related to entertainment. They are created for fun perspective, so they get shared and go viral like internet memes. The rise of meme coins started with GME and AMC meme coins in late 2020.
The most hyped meme coin was Dogecoin in 2021, as Elon Musk actively talked about and promoted it. Now, there are hundreds of such meme coins (1300 on Coinmarketcap,) and hundreds are getting created every other day, but not all will last. Meme coins require more than the identity of a meme to be successful. It needs the support from successful people and the community. Only then they can survive the volatility of the market.
Why the hype about PORK vs GROK?
PepeFork (PORK) is a pink-themed frog launched recently by a user named Pauly0x. It is based on the code of the PEPE coin but has advanced and distinct features. Within 48 hours of its launch, the PORK market rose to $293 Million. Recently, PORK pumped by 65% and is maintaining continuity in the market. Its currency price is $0.0000003883, with a transaction volume of $9.81 Million. Earlier, for a short time, PORK succeeded in taking over Baby Doge’s place in the list of top 10 meme coins.
GROK is an Elon Musk’s Grok AI based meme coin. Even though this coin is not related to Elon Musk, it resonates with his ideas of adding humor and is based entirely on Elon’s AI project. GROK coins website discusses Elon’s AI venture. It is currently trading at $0.005117 and has a transaction volume of $7.6 Million. GROK also gained massive attention within the 24 hours of launch, where its trading volume reached $9 Million.
Community Engagement: Reason For The PORK & GROK Sucess
Soon after their release, both the coins received good attention and built their community. Both the coins are still in attention, but not for the same reason. PORK has maintained its place in the bullish zone from the start till now, but GROK has faced a downfall some time ago. From its all-high-time value of $0.02883, GROK has dropped to $0.0051117.
The reason behind this was the falling out of the community after allegations of being a scam coin. An X (Twitter) post by ZachXBT led to the downfall of GROK where he mentioned that “Not that people in this space will care but @GROKERC20 $GROK was created by a scammer. The same X/Twitter account has been reused for at least one other scam.” It was backed by screenshots of proof that the GROK’s official X account has changed and is associated with a controversial crypto project, “Bitcoin Express.”
Conclusion
The PORK vs GROK fight ends with the winning of PORK based on the current circumstances. PORK is a new meme coin, and has significant hype in the market, whereas GROK gets little hype with Elon Musk’s tweet regarding the progress of his Grok AI project. Despite being labeled a scam coin, it remains a doubt whether GROK will gain traction in the market, given the development of AI technology.
The post $PORK vs GROK: Which One’s Strongest Community-Driven Meme Coin? appeared first on CoinGape.
Read More
$PORK vs GROK: Which One’s Strongest Community-Driven Meme Coin?
Meme coins are more than just low-priced coins. Many top-notch people, including Elon Musk and Mark Cuban, have talked about favoring the meme coin. They initially gained the hype in 2021, and now hundreds of meme coins exist with various features. Out of many meme coins, PORK & GROK are known for being community-driven and are rising in popularity these days. Let’s look at PORK vs GROK and why these meme coins are in the hype.
Understanding The Rise of Meme Coins
People often mistake meme coins and altcoins (coins other than Bitcoin) as the same, but that’s not entirely true. All meme coins are altcoins, but not all altcoins are meme coins.
Meme coins are coins based on memes or anything trending related to entertainment. They are created for fun perspective, so they get shared and go viral like internet memes. The rise of meme coins started with GME and AMC meme coins in late 2020.
The most hyped meme coin was Dogecoin in 2021, as Elon Musk actively talked about and promoted it. Now, there are hundreds of such meme coins (1300 on Coinmarketcap,) and hundreds are getting created every other day, but not all will last. Meme coins require more than the identity of a meme to be successful. It needs the support from successful people and the community. Only then they can survive the volatility of the market.
Why the hype about PORK vs GROK?
PepeFork (PORK) is a pink-themed frog launched recently by a user named Pauly0x. It is based on the code of the PEPE coin but has advanced and distinct features. Within 48 hours of its launch, the PORK market rose to $293 Million. Recently, PORK pumped by 65% and is maintaining continuity in the market. Its currency price is $0.0000003883, with a transaction volume of $9.81 Million. Earlier, for a short time, PORK succeeded in taking over Baby Doge’s place in the list of top 10 meme coins.
GROK is an Elon Musk’s Grok AI based meme coin. Even though this coin is not related to Elon Musk, it resonates with his ideas of adding humor and is based entirely on Elon’s AI project. GROK coins website discusses Elon’s AI venture. It is currently trading at $0.005117 and has a transaction volume of $7.6 Million. GROK also gained massive attention within the 24 hours of launch, where its trading volume reached $9 Million.
Community Engagement: Reason For The PORK & GROK Sucess
Soon after their release, both the coins received good attention and built their community. Both the coins are still in attention, but not for the same reason. PORK has maintained its place in the bullish zone from the start till now, but GROK has faced a downfall some time ago. From its all-high-time value of $0.02883, GROK has dropped to $0.0051117.
The reason behind this was the falling out of the community after allegations of being a scam coin. An X (Twitter) post by ZachXBT led to the downfall of GROK where he mentioned that “Not that people in this space will care but @GROKERC20 $GROK was created by a scammer. The same X/Twitter account has been reused for at least one other scam.” It was backed by screenshots of proof that the GROK’s official X account has changed and is associated with a controversial crypto project, “Bitcoin Express.”
Conclusion
The PORK vs GROK fight ends with the winning of PORK based on the current circumstances. PORK is a new meme coin, and has significant hype in the market, whereas GROK gets little hype with Elon Musk’s tweet regarding the progress of his Grok AI project. Despite being labeled a scam coin, it remains a doubt whether GROK will gain traction in the market, given the development of AI technology.
The post $PORK vs GROK: Which One’s Strongest Community-Driven Meme Coin? appeared first on CoinGape.
Read More