PEPE Hits New All-Time High, Market Cap Surpasses $10 Billion

by

As a seasoned analyst with over two decades of experience in the ever-evolving world of cryptocurrencies, I must admit that the current bull cycle has been nothing short of exhilarating, especially when it comes to meme coins like PEPE.

This current market surge is marked by a frenzy for meme cryptocurrencies, as platforms such as Pump.fun frequently introduce new tokens day after day. Simultaneously, well-known meme coins like Dogecoin, Shiba Inu, and PEPE have persistently followed an upward trend of rapid growth.

Recently, PEPE reached an unprecedented new peak of $0.00002644, just under a month since it surpassed its previous high. This recent surge in price underscores the robust bullish trend that the meme token has experienced over the last few weeks.

PEPE Price Overview

Currently, the Pepe token’s value hovers approximately at $0.00002597, marking a significant 21% jump over the past day. This dramatic increase contrasts sharply with its movement throughout the entire previous week.

Based on information from CoinGecko, PEPE’s price has jumped approximately 27% over the last seven days. Yet, it’s important to mention that during this period, PEPE mainly hovered within a narrow range close to $0.000022.

Looking at a larger timeframe, the meme coin PEPE has shown exceptional growth. In just the month of November alone, its value nearly doubled. According to CoinGecko data, over the past 30 days, the price of this meme-inspired token increased by a staggering 140%.

Following a favorable September during which PEPE’s value momentarily exceeded $0.00001, investors anticipated that the meme coin would gain momentum. Unfortunately, October saw the price of PEPE falling short of these high hopes.

In November, the meme coin experienced an extraordinary surge, reaching beyond its old peak at $0.00001665 to establish a new record high of $0.00002343. This bullish trend mirrored the overall market’s optimistic state, where Bitcoin consistently broke its own previous records.

Due to its scorching success, notable cryptocurrency exchanges such as Binance.US recently added the well-known Pepe meme coin to their platforms on December 5. This addition to one of the U.S.’s largest crypto exchanges seems to have revitalized its upward trend in the market.

PEPE Market Cap Hits $10 Billion

Based on figures from CoinGecko, it’s been reported that the market cap of PEPE has reached over $10 billion. This makes PEPE the 25th most significant cryptocurrency in terms of size within the digital assets industry.

Despite holding the third spot among meme coins, PEPE is still playing catch-up to both Dogecoin and Shiba Inu. The former boasts a massive market cap of about $67.8 billion, while the latter stands at approximately $18.9 billion.

Read More

2024-12-09 04:16