- Pepe Coin (PEPE) has demonstrated a 10% surge in price, leading the meme coin rally in the broader market recovery.
- PEPE’s potential breach of the $0.000002 price level and a steady climb up the crypto ranking are two significant milestones to look out for this week.
Pepe Coin (PEPE), a prominent meme coin, kick-started the week with an impressive surge, recording a 10% leap in price within the last 24 hours. As the wider market exhibits signs of recovery, PEPE currently takes the lead among the top three meme coins. At the present, PEPE’s price stands at $0.000001637, maintaining a generally positive growth trend throughout the week, even as its counterparts face a decline.
PEPE has proven to be notably receptive to a fresh influx of capital capable of fuelling substantial growth rallies. Despite its relatively lower market capitalization, currently estimated around $644 million, PEPE exhibits a greater propensity for uptrends compared to other meme coins such as Shiba Inu (SHIB) and Dogecoin (DOGE).
With an eye on the future, PEPE has a series of potential milestones to achieve this week. One such landmark is the potential breach of the $0.000002 price level, a feat that hinges on the continuation of the current price rally.
Upon its introduction to the market, PEPE exhibited a remarkable growth trajectory characteristic of highly anticipated Layer 1 blockchain networks. Rapidly claiming a spot among the top 100 cryptocurrencies by market cap, it currently occupies the 68th position. Another event to monitor this week is PEPE’s steady ascent up the crypto ranking ladder, given its projected growth trend.
Achieving its all-time high of $0.000004354 might pose a challenge for PEPE in the short term, yet these small victories cannot be discounted.
Judging by various parameters, PEPE seems to be leading the meme coin dominance war. It has consistently attracted new investments across the board. Market analysts hold the belief that it’s merely a matter of time before PEPE outperforms SHIB in market value.