Last updated on May 18th, 2024 at 12:03 pm
Trending memecoin PEPE has continued to show impressive growth in its weekly price action. The frog-inspired coin maintains its position as the most trending cryptocurrency in the market right now.
In a recent development, the coin has increased by another 8% according to live data from CoinMarketCap. Also, the PEPE coin leads the altcoin season as it continues its weekly growth of 75%.
Impressively, since its launch in April, PEPE has exceeded expectations with its progress within a very short time. Just like every memecoin, its growth has been mostly fueled by community hype, market whales, and confidence from individual investors.
In addition, over the last 48 hours, there has been a surge in its trading volume, surpassing the likes of Dogecoin (DOGE), and Shiba Inu (SHIB). PEPE has a very strong community of dedicated investors and enthusiasts who bonded over the rally the memecoin picked up within the early days of launch.
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Also Read: Binance Delists PEPE From its Flexible Loan Program
While some investors had doubts about the longevity of the PEPE token, the memecoin broke out of its bearish dormancy to forge new growth patterns. So far this month, PEPE has shown growth and has raised the confidence of investors mainly because of its sustained bullish run in the past few days.
Meanwhile, even though PEPE has been outperforming other top memecoins like DOGE and SHIB it really does not have an ambitious or robust roadmap for longevity. Dogecoin, created in 2013 has stood the test of time, maintaining its position as the top memecoin by market capitalization. Similarly, Shiba Inu, created in August 2020 has developed a strong community and has solidified its position as the second largest memecoin in the market.
PEPE price today
According to live data from CoinMarketCap, the price of PEPE today is $0.00000161. The price is up 1.90% in the last 24 hours and by 75% in the last 7 days. In addition, PEPE is ranked #65 in the CoinMarketCap chart with a live market cap of $632,695,277 ($632 million).
Victor Swaezy
Victor Swaezy is a crypto-journalist with more than 3 years of experience in covering blockchain technology and digital currencies news. Known for his comprehensive reporting, Victor has contributed to leading industry publications such as Coinfomania and Crypto News Guru, providing market participants with the required knowledge to make informed decisions. When he is not working, he loves to watch movies and have a good time.