Blockchain News

PEPE up 10% to Lead Meme Coin Rally, Here’s What to Watch This Week

PEPE Coin (PEPE) is off to a strong start this week, experiencing a remarkable surge of 10% in its price over the past 24 hours, in line with the broader market recovery. Currently, PEPE stands out as the leading contender among the top three meme coins, with a price pegged at $0.000001637. While its counterparts struggle, PEPE has displayed consistent growth throughout the week.

Compared to Shiba Inu (SHIB) and Dogecoin (DOGE), PEPE has proven to be more receptive to new capital influx, which has the potential to drive substantial growth rallies. With its relatively lower market capitalization of approximately $644 million, PEPE exhibits a greater inclination towards upward trends. Investors are closely monitoring PEPE, anticipating several milestones in the upcoming week.

One significant milestone to watch out for is the possible breach of the $0.000002 price level, which can only be achieved through sustained price momentum. PEPE’s remarkable debut led to its rapid ascent into the top 100 cryptocurrencies by market cap, currently placing it at the 68th spot. Another noteworthy event on the horizon is its expected climb up the ranking ladder, indicating a positive growth trend.

PEPE has also outperformed Shiba Inu (SHIB) and Dogecoin (DOGE) in terms of trading volume, further solidifying its position as the frontrunner in the meme coin domain. Although reclaiming its all-time high of $0.000004354 may present short-term challenges, these minor victories should not be underestimated.

In the ongoing battle for meme coin dominance, PEPE appears to be emerging as the victor, attracting new investors across the market. Market analysts are optimistic that PEPE will eventually surpass SHIB, given its growing popularity and allure. As the week unfolds, all eyes remain on PEPE, eagerly anticipating its next move in this ever-evolving landscape.


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