Trending cryptocurrency PEPE is currently experiencing a price surge of up to 17% following a general market recovery. The memecoin has been nothing short of impressive since its launch in April 2023.
The frog-inspired memecoin leads the memecoin rally ahead of counterparts Dogecoin (DOGE) and Shiba Inu (SHIB) which are currently up 0.7% and 1.4% respectively.
PEPE gives another impressive week start with its price surge of up to 17% in the last 24 hours. The token has continued to maintain its position as the top trending cryptocurrency in the market.
It has maintained a relatively significant growth regardless of the reality and speculations surrounding it as a coin with no real-life use case. Also, PEPE has a lower market cap compared to the top two memecoins, DOGE and SHIB which means that it has a better tendency for more price growth
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PEPE coin in the long run
In reality, PEPE has a long way to go before it solidifies itself in terms of longevity, however, with the rate of growth in just a few months, it is safe to say that this feat is something attainable with time.
One expectation PEPE investors have is the $0.000002 price level breach. If this rally continues, the expectations might become reality within a short time. When the memecoin launched in April, with the level of hype surrounding it, it exhibited a kind of price growth particular to Layer 1 blockchain networks.
As a result, PEPE quickly rose to the ranks of the top 100 cryptocurrencies in the market by capitalization. If the rally is sustained, PEPE might just climb higher in that ranking.
According to a variety of criteria, PEPE seems to be winning the war for meme coin domination since it has consistently shown to be more appealing to new investors. According to certain market observers, it will eventually surpass SHIB.
PEPE price today
According to live data from CoinMarketCap, the price of PEPE today is $0.000001815. The price is up 17.31% in the last 24 hours. What’s more, PEPE is ranked #63 on the CoinMarketCap chart with a live market cap of $711,089,025.
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.