Shiba Inu

Pepe

Pepe (PEPE), a cryptocurrency inspired by memes, has experienced a significant boost in its trading volume, which is now nearly twice that of its competitor, Shiba Inu (SHIB). Based on information from CoinMarketCap, <a href="https://coinmarketcap.com/currencies/pepe/" rel="noopener noreferrer nofollow">Pepe’s trading volume</a> within the past 24 hours has reached $400 million, surpassing Shiba Inu’s <a href="https://blockchainreporter.net/glossary/trading/" rel="noopener noreferrer nofollow">trading</a> volume of $116 million.Pepe, which was introduced earlier this year, has undergone swift expansion, primarily driven by its association with the internet meme icon, Pepe the Frog. The meme, originally created to be neutral and harmless, has been adopted by different far-right organizations and individuals, who have utilized the character in racist, anti-Semitic, and offensive ways.Similar to other <a href="https://blockchainreporter.net/glossary/memecoin/" rel="noopener noreferrer nofollow">meme-inspired cryptocurrencies</a>, such as Dogecoin and <a href="https://blockchainreporter.net/shiba-inu-price/" rel="noopener noreferrer nofollow">Shiba Inu</a>, Pepe’s purpose is not clearly defined, and it primarily functions as a speculative asset. There is widespread skepticism among many people who question the legitimacy of the project and wonder whether it could potentially be a scam.<h2 id="header-0">Aiming to Become One of the Top Crypto Projects</h2>In spite of the skepticism surrounding it, Pepe’s market capitalization has skyrocketed, exceeding $524 million as reported by CoinMarketCap. This achievement has enabled the lighthearted meme-inspired coin to climb up the ranks and establish itself among the leading cryptocurrency ventures.Tether (USDT) holds the top spot among cryptocurrencies with the highest trading volume, at $28.2 billion, followed by <a href="https://blockchainreporter.net/bitcoin-price/" rel="noopener noreferrer nofollow">Bitcoin (BTC)</a> at $18.4 billion and <a href="https://blockchainreporter.net/ethereum-price/" rel="noopener noreferrer nofollow">Ethereum (ETH)</a> at $8.6 billion. Other prominent cryptocurrencies in terms of trading volume include USD Coin (USDC), Binance USD (BUSD), TrueUSD (TUSD), BNB (BNB), <a href="https://blockchainreporter.net/ripple-price/" rel="noopener noreferrer nofollow">XRP (XRP)</a>, <a href="https://blockchainreporter.net/solana-price/" rel="noopener noreferrer nofollow">Solana (SOL)</a>, Litecoin (LTC), Dogecoin (DOGE), Arbitrum (ARB), TRON (TRX), Cardano (ADA), and Polygon (MATIC).<a href="https://www.pepe.vip/" rel="noopener noreferrer nofollow">Pepe</a>‘s roadmap centers around expansion, community involvement, and broadening its influence. The primary objective of the project is to outcompete other well-known meme-inspired cryptocurrencies, such as Dogecoin and Shiba Inu. The roadmap highlights critical milestones like community collaborations and securing exchange listings. Ultimately, Pepe strives to garner over 100,000 holders.

Pepe (PEPE) Price Surges as Trading Volume Outpaces Shiba Inu (SHIB)

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