pepe‘s All-Time High Makes It Bigger Than litecoin and Polygon: Details
TL;DR
- Pepe (PEPE) reached its all-time high of $0.00001717, while its market cap of over $7 billion positions it as the 21st largest cryptocurrency.
- The asset’s 24-hour trading volume exceeded $1.8 billion, outperforming other meme coins such as dogecoin and Shiba Inu.
Frog themed meme coin – Pepe (PEPE) – It looks like there is There is no limit, today (May 27) we reach the all-time high price. It is currently worth around $0.00001676 after a minor pullback from the recent peak. This represents an increase of 80% on a weekly scale and a staggering 1,000% increase since May last year.
PEPE Price, Source: CoinGecko
Its market cap has increased rapidly and recently surpassed $7 billion. Thus, the token reversed well-known altcoins such as Litecoin (LTC) and Polygon (MATIC).
PEPE is currently the third largest meme coin behind leaders Dogecoin (DOGE) and shiba inu (SHIB). But at one point it surpassed its rivals important area. PEPE’s trading volume in the last 24 hours according to CoinGecko data has reached DOGE and SHIB are collectively worth just over $1 billion.
The recent success of the token more than that influential considering the fact At the beginning of May, its market capitalization was below $3 billion. Currently, over 96% of all PEPE holders are making profits on paper (according to data from IntoTheBlock).
One of the cryptocurrency exchanges that responded to the asset’s recent rise and the growing interest of industry participants was Binance. Like CryptoPotato reportedthe company has included the PEPE/EURO trading pair in the list of options offered on binance Spot. It also enabled trading bots Services for the option mentioned above.
Is There More Room for Growth?
Crypto X is full of users who think PEPE’s bull run is nowhere near the end. An example of this is content creator JAKE, which claimed that the asset’s $7 billion market cap was “undervalued.”
Another X user suggested PEPE’s pump is “still in its early stages,” he said. They assumed that the asset’s further rise would “pave the way” for other meme coins as well to follow.
dealing with tokens looks like A successful investment option that can result in millions in profits. Blockchain analysis platform – Lookonchain – clarified The case of a trader who made almost $2.5 million after purchasing PEPE in December last year and paying for it a few hours ago.
However, entering the ecosystem of meme coins can also be quite dangerous due to their notorious volatility. If you’re about to jump on the bandwagon, please take a look at our special video to protect yourself from some common mistakes:
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