PEPE up 10% to Lead the Meme Coin Rally, Here’s What To Watch This Week
PEPE Coin (PEPE) got off to a strong start to the week, having surged an incredible 10% in price over the past 24 hours, in line with the broader market recovery. Currently, PEPE stands out as the top contender among the top three meme coins, with a pegged price of $0.000001637. While its peers have struggled, PEPE has shown consistent growth throughout the week.
Compared to Shiba Inu (SHIB) and Dogecoin (DOGE), PEPE has proven to be more receptive to new capital inflows, which has the potential to drive substantial growth. With a relatively lower market capitalization of around $644 million, PEPE shows a greater trend towards an upward trend. Investors are monitoring PEPE closely, anticipating some milestones in the coming week.
One important milestone to watch out for is a possible breach of the $0.000002 price level, which can only be reached through continued price momentum. PEPE’s stellar debut led to its rapid rise into the top 100 cryptocurrencies by market cap, currently placing it in 68th place. Another important event on the horizon is the expectation of moving up the ratings ladder, indicating a positive growth trend.
PEPE has also outperformed Shiba Inu (SHIB) and Dogecoin (DOGE) in terms of trading volume, further cementing its position as a pioneer in the meme coin domain. While reclaiming the all-time high of $0.000004354 may present a short-term challenge, this small victory should not be underestimated.
In the ongoing battle for meme coin dominance, PEPE appears to be emerging victorious, attracting new investors across the market. Market analysts are optimistic that PEPE will eventually surpass SHIB, given its growing popularity and allure. As the week progresses, all eyes will be on PEPE, eagerly anticipating its next move in this ever-evolving landscape.
