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Here’s What to Watch This Week as PEPE Surges 18% to Lead Meme Coin Rally
PEPE coin (PEPE) experiences an 18% price surge in 24 hours, outperforming its meme coin competitors and potentially attracting more investors
PEPE coin (PEPE) is seeing another impressive start to the week, with its price jumping by 18% in the past 24 hours amid a broader market recovery. At the time of writing, PEPE appears to be the dominant winner among the top three meme coins, and its price is pegged at $0.000001817. For the week, PEPE has also maintained a relatively positive growth stance while its peers are on a losing streak.
By comparison, PEPE has proven to be more amenable to a new influx of capital that can drive massive growth rallies. With its relatively lower market capitalization, which is pegged at around $644 million, PEPE has a higher propensity for uptrends compared to the duo of Shiba Inu (SHIB) and Dogecoin (DOGE).
New expectations for PEPE
While PEPE has a very long way to go, there are a number of potential milestones we can watch out for this week. One is the potential breach of the $0.000002 price level, a feat that can only be achieved if the current price rally is sustained.
When PEPE made its debut, it recorded the kind of growth that is peculiar to highly hyped Layer 1 blockchain networks. This is because it swiftly joined the top 100 cryptocurrencies by market cap and is thus in 68th place at the moment. Another crucial event to watch out for this week is the steady climb up the ranking ladder, with its expected growth trend.
For PEPE, reclaiming its all time high of $0.000004354 might be somewhat difficult in the short term, but these little wins cannot be ruled out.
Winning meme coin war
By a number of standards, PEPE appears to be winning the meme coin dominance war as it has proven more attractive for new money across the board. Some market analysts believe it is only a matter of time before it flips SHIB.
PEPE has been steadily gaining momentum and outperforming its competitors in terms of price growth. Its current jump of 18% in the past 24 hours is a testament to its growing popularity. Meanwhile, both Shiba Inu and Dogecoin have been experiencing a downward trend.
How the $PEPE chart looks right now is like a rocket just fired up and ready to surge high.🐸🚀👀 pic.twitter.com/agNkd2XKTJ
— Boolukee 🥑 (@BoolukeeIts) June 26, 2023
PEPE’s lower market capitalization provides an advantage in attracting investors looking for potential high returns. With a market capitalization of approximately $644 million, PEPE has shown a higher potential for growth compared to SHIB and DOGE.
Market analysts are keeping a close eye on PEPE’s performance this week, as it has the potential to breach the $0.000002 price level. This would mark a significant milestone for the coin and potentially attract even more investors.
Since its debut, PEPE has quickly climbed the ranks, currently sitting in 68th place among all cryptocurrencies by market cap. Its steady climb demonstrates its growing popularity and potential for further growth.
While reclaiming its all-time high of $0.000004354 may be challenging in the short term, many believe that PEPE’s positive performance and consistent growth make it a strong contender in the meme coin market.
