PEPE Coin Achieves New Heights with Significant Price Surge
Release: 2024/12/08 18:19 Reading: 376
PEPE Coin Surges, Attains Top-Three Ranking in Meme Coin Market
The meme-based cryptocurrency PEPE has garnered attention with its impressive price surge. Over the past 24 hours, PEPE has witnessed a remarkable 20% increase, reaching a peak valuation of $0.00002622. Consequently, its market capitalization has exceeded $11 billion, propelling PEPE to the third position among meme coins.
Whales Fuel the Rally
Large-scale purchases by whales, influential investors in the cryptocurrency market, have significantly contributed to PEPE's recent ascent. On-chain data reveals substantial whale acquisitions in recent weeks, constricting the market supply and driving the price upwards. Their actions have played a pivotal role in PEPE's market performance.
Derivatives Market Supports Price Movement
A surge in trading volume on the derivatives market has also garnered attention. The volume of PEPE derivative transactions has escalated by 78%, reaching $1.67 billion. During this period, open positions have also witnessed a substantial 39% surge, totaling $368 million. These developments indicate robust investor interest and support for PEPE's price movements.
Analysts Predict Further Appreciation
Cryptocurrency analyst Javon Marks has projected that "PEPE could potentially exhibit a 150% increase in the forthcoming weeks." This forecast, based on PEPE's current market value, has drawn close attention from traders.
PEPE vs. SHIB: A Competition of Market Giants
PEPE's performance has reignited discussions about its potential to rival SHIB, which currently commands a market valuation of $19 billion. The $8 billion gap is deemed a challenging target by some, but market forces may facilitate its narrowing.
Conclusion
PEPE's recent rally has sparked considerable excitement within the market. The influence of market conditions on its performance in the coming weeks remains a captivating topic of speculation.
Recent news
More>- Homosexual Pepe Solana Memecoin to Rally 18,000% Before Exchange Listing, While SHIB, BONK and DOGE Crash 01-01
- BTFD Presale Captivates Investors in the Best New Meme Coin Presales for Significant Returns as PEPE and SPX6900 Dominate the Scene Fuel the... 01-01
- Homosexual Pepe (HOMOPEPE) Solana Memecoin to Rally 18,000% Before Exchange Listing, While SHIB, BONK and DOGE Crash 01-01
- The Metrics Pointing to Massive Potential for WIF, JASMY, and PEPE in 2025 01-01
- BTFD Coin’s Presale is Unmissable Amid Pepe and Moo Deng’s Crypto Hype: Best Meme Coin Presales to Join This Week 01-01
- Homosexual Pepe (HOMOPEPE) Solana Memecoin to Rally 18,000% Ahead of Exchange Listing, While SHIB, BONK and DOGE Crash 01-01
- Crypto Gems for the Next Quarter: Top 5 Tokens to Watch 01-01
- Why $PEPE Jumped 20% Today And Which Coin Could Be Next 01-01
- Best New Meme Coins to Join for Short Term: BTFD Raises $4.7M in Presale as BONK Boasts Low-Cost Transactions and PEPE Enjoys Steady Followi... 01-01
Selected Topics
More>>-
- pepecoin Price Analysis
- This topic provides articles related to PepeCoin price, covering key PepeCoin insights and analysis
-
- pepe:meme star
- This topic provides articles related to the most promising meme, PEPECOIN, a project with the potential to become a mainstream digital currency. It has the advantages of decentralization, reliability, ease of use, fast speed, low cost and scalability, and is expected to be more widely used in the future
-
- pepecoin price prediction
- We’ve gathered facts about pepecoin’s success story and provided a pepecoin price prediction
Selected Articles
More>>- 1 Avalanche and Aptos rival raises over $600k in 2 weeks
- 2 Crypto Prices Today: Market Continues Rally With BTC, Pepe Coin, SEI Rising
- 3 Major Analyst Crypto Tony Bullish on These Meme Coins, But One Stands Out
- 4 MTAUR Ready to Crush DOGE and PEPE: 100x Price Growth Incoming?
- 5 Memecoins Surge in 2024, Popcat Leads with 7,621% YTD Gain, Outshining Top Crypto Tokens
- 6 PEPE Meme Coin Smashes ATH – See How Much an $83 Investment in Pepe Coin Last Year is Worth Now
- 7 Missed Pepe Unchained? Don’t Worry, This New Pepe-Themed Meme Coin Will Produce Bigger Gains in 2025
- 8 Top 4 Altcoins At 70% Discounts – Last Chance!
- 9 Smart $Pepe trader makes $11.7M profit during Market Drop
- 10 Dogecoin Creator Proposes DOGE to NBA Legend Scottie Pippen
ABOUT US
We are building the most influential，trusted information platform for aglobal community engaged in thd transformation of the financial system andthe emerging crypto economy.PEPE is an integrated platform for media,events,data & indices for the next generation fo investing and the future of money.
Get in touch with the PEPE team at admin@pepecoinbuy.com