PEPE is now even larger in market capitalization than these well-known coins
It seems that Pepe (PEPE), the frog-themed meme coin, knows no bounds. Today, PEPE has reached a new all-time high, with a price of approximately $0.00001676. This represents an increase of 80% week on week and an astonishing 1,000% jump since May last year.
Market capitalization and trading volume
With a market capitalization of over $7 billion, PEPE has quickly risen to surpass well-known altcoin such as Litecoin (LTC) and Polygon (MATIC). Although it is currently the third largest meme coin, PEPE has surpassed its rivals in terms of trading volume. In the past 24 hours, PEPE has seen a trading volume of over $1.8 billion, while Dogecoin (DOGE) and Shiba Inu (SHIB) have combined to reach just over $1 billion.
Predictions and speculations
Some crypto enthusiasts believe that PEPE has not yet reached the end of its bull run. With a market capitalization of $7 billion, it is even considered “undervalued” by some experts. Others speculate that PEPE’s rally is still in its early stages and may inspire other meme coins to follow suit.
Potential Gains and Risks
While investing in PEPE can yield significant profits, it is important to note that meme coins are notorious for their volatility. Entering this market can therefore be both lucrative and risky. If you’re considering joining, watch our special video to protect yourself from common pitfalls.
