Pepe soars to new all-time high, surges 98.8% in a month

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As a seasoned crypto investor with a keen interest in meme coins, I’m thrilled to witness Pepe’s impressive run over the past few days. The frog-themed coin has been on a rollercoaster ride, reaching new all-time highs and maintaining a strong performance streak for the last three months.

As a researcher studying the cryptocurrency market, I’ve noticed an intriguing development with PEPE, the meme coin inspired by the frog character. In just the past few days, PEPE has experienced a significant price increase of over 10%. This bullish trend has led PEPE to reach new heights, setting several new all-time highs (ATHs).

Over the past day, Pepe’s value has surged by over 10% to reach a new all-time high of $0.00001577. This impressive growth continues a robust trend that Pepe has maintained for the previous three months.

Although sellers took profits and caused a dip, Pepe’s price remained at $0.00001501 – a figure representing a 6.64% increase compared to the previous day’s price.

According to recent data from CoinGecko, Pepe has experienced significant growth over the past week and month. Specifically, it has surged by 55.8% in just the last seven days, and an impressive 98.8% increase in the last month. Consequently, Pepe has regained its position as the third-largest meme coin by market capitalization, overtaking Dogwifhat (WIF).

It’s worth noting that while Pepe experienced a significant increase in price, there was also a notable drop in its 24-hour trading volume. Specifically, it declined by approximately 37% to reach $1.469 billion compared to the previous day.

In contrast to a decline, information from Binance indicated that Pepe remained among the busiest cryptocurrencies in trading activity during the previous 24 hours. It was outpaced only by BNB Coin, Bitcoin, and Ethereum.

Major meme players

Among all meme coins, Pepe is currently the most actively traded cryptocurrency, significantly surpassing the trading volumes of Shiba Inu (SHIB), Floki (FLOKI), and Dogecoin (DOGE).

As a researcher studying the current trends in the meme coin market, I’ve observed that while most of the notable players experienced no significant price growth in the past 24 hours, SHIB, WIF, and Bonk (BONK) were the exceptions with positive price movements.

    SHIB was up a modest 1.08%
    Bonk managed an even lower 0.30%.
    WIF performed much better, gaining 3.30% to trade at $2.95 at the time of writing.

Over seven days, the gains appear much healthier.

    DOGE was up 8.71% in that period
    WIF and BONK gained 16.39% and 46.78% respectively.
    Floki was up 12.67% over seven days (but in the last 24 hours, it lost 0.36% of its overall value). 

As an analyst, I’ve observed that among the meme coins with lower market capitalizations, Samoyed (SAMO), Cheems (CHEEMS), and catwifhat (CWIF) stood out as the top performers over the past 24 hours.

According to information from CoinMarketCap, Samoyed experienced a significant increase of 44.71% in price value at the end of the trading day. Likewise, CHEEMS and CWIF saw impressive gains, registering a rise of 33.85% and 30.09%, respectively, to be priced at $0.000001321 each.

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2024-05-25 19:28