The world of cryptocurrency is always buzzing with new developments. One of the latest sensations is PEPE, a frog-themed meme coin. Recently $PEPE was Best ever $0.000017. However, it is currently trading 20% below its peak. Let’s take a look at PEPE’s recent price action and why it stands out among meme coins.
Will this be the meme coin supercycle whispered about in every alpha chat?
PEPE’s rapid rise
The price of PEPE has soared, attracting the attention of the cryptocurrency community. Inspired by the popular internet frog meme, this meme coin has seen an incredible rise. Let’s break down the main points.
- best record: PEPE recently hit an all-time high of $0.000017.
- current transaction: The coin is currently trading at a price 20% lower than its peak.
- market capitalization: PEPE’s market capitalization soared to $7 billion at its peak, making it the 21st largest cryptocurrency by market capitalization.
- trading volume: In 24-hour trading volume, it surpassed famous coins such as Dogecoin (DOGE) and Shiba Inu (SHIB).
You can buy/sell/trade Pepe on Binance & Bybit
Most profitable among Big Meme coins
PEPE has been very profitable for its holders. According to data from IntoTheBlock, more than 96% of PEPE holders are currently profitable. This surprising statistic highlights the coin’s successful rally. PEPE’s profitability is as follows:
- most profits: more 96% of PEPE holders It’s in the money.
- Last month’s performance: PEPE is up 116% over the past month.
- weekly profits: It rose 7.7% last week.
Recent Price Action
Despite its strong performance, PEPE has experienced some volatility. The value of the coin has recently fallen slightly. Here are the details:
- 24 hour decline: PEPE is down more than 3% in the last 24 hours.
- current price: As of this writing, PEPE is trading at $0.00001455.
PEPE success factors
Several factors contributed to PEPE’s remarkable success. Let’s take a look at what makes this meme coin stand out.
- market sentiment: Positive sentiment and hype surrounding memecoin, the so-called memecoin supercycle.
- Community Support: Strong community support and social media buzz.
- Cryptocurrency Market Trends: In particular, the recent approval of the ETH ETF has created favorable market conditions for meme coins.
Can we declare PEPE the king of meme coins?
future prospects
Analysts believe PEPE’s rally may not be over yet. The coin has shown significant growth potential and many are predicting further upside. Here are some things to watch out for:
- continuous development: PEPE may see more growth in the coming months.
- market position: It is currently the third largest meme coin after DOGE and SHIB.
My Trading Settings
We first mentioned PEPE in May 2023, when it had a market capitalization of $1.6 billion. Today it is four times higher. As I mentioned earlier, we write about trends here at Airdrop Alert, and we like to get some exposure when we do so. We have held and traded PEPE over the past year with varying success. But honestly, profiting from this was one of this bull’s biggest regrets.
You no longer hold spot money, you just trade swings using leverage.
Currently, when doing alternative trading, you should carefully watch Bitcoin, Ethereum, and Bitcoin dominance. If the market crashes, Alt will likely crash too. If Bitcoin dominance falls, you can bet that meme coins will surge first.
The huge level of support for PEPE is 0.000092. If a nuclear weapon is found on the market, you can place a long-term order here. The smaller support level is 0.000133. For lower time frame traders, you may find some stuff there.
If you want to get better at trading, check out our latest guide to the famous Fibonacci lines.
final thoughts
PEPE’s journey has been truly spectacular. From breaking all-time records to becoming one of the most profitable meme coins, it has captured the attention of the cryptocurrency world. Although currently trading below all-time highs, PEPE’s future looks promising. As always, investors need to stay informed and cautious in the volatile world of cryptocurrency.
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You may also like our other blogs about Meme Coin Airdrops or Mog Coin Guides.
