Dogecoin

Coin

<img width="800" height="533" src="https://cdn.thebittimes.com/images/2023/09/30/c0f1de45529c0a0c5de1cd76820e1ab3.webp" class="webfeedsFeaturedVisual wp-post-image" alt="" decoding="async" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="1" srcset="https://cdn.thebittimes.com/images/2023/09/30/c0f1de45529c0a0c5de1cd76820e1ab3.webp 800w, https://cdn.thebittimes.com/images/2023/09/30/c0f1de45529c0a0c5de1cd76820e1ab3.webp 450w, https://cdn.thebittimes.com/images/2023/09/30/c0f1de45529c0a0c5de1cd76820e1ab3.webp 750w, https://cdn.thebittimes.com/images/2023/09/30/c0f1de45529c0a0c5de1cd76820e1ab3.webp 768w" sizes="(max-width: 800px) 100vw, 800px"> 
In a surprising turn of events, the PEPE token has emerged as one of the <a rel="noopener noreferrer nofollow" title="Crypto Market" href="https://thebittimes.com/tag/crypto-market.html">Crypto Market</a>’s top performers over the past week. This resurgence comes after a prolonged decline that saw the <a rel="noopener noreferrer nofollow" title="meme Coin" href="https://thebittimes.com/tag/meme-coin.html">meme Coin</a> plummet nearly 90% below its June 2023 <a rel="noopener noreferrer nofollow" title="All-time high" href="https://thebittimes.com/tag/all-time-high.html">All-time high</a>. The sudden reversal has astonished and intrigued the market, especially given the broader <a rel="noopener noreferrer nofollow" title="Crypto Market" href="https://thebittimes.com/tag/crypto-market.html">Crypto Market</a>’s recent struggles. 
Let’s delve into the social discussions surrounding this unique token to decipher why PEPE’s rally amidst a sea of <a rel="noopener noreferrer nofollow" title="Crypto Market" href="https://thebittimes.com/tag/crypto-market.html">Crypto Market</a> declines. Notably, an on-chain tracker, Santiment, has released a report highlighting top <a rel="noopener noreferrer nofollow" title="meme Coin" href="https://thebittimes.com/tag/meme-coin.html">meme Coin</a>s’ social media discussion trends. 
According to Santiment’s report, shared on social media platform X (formerly Twitter), meme coins had fallen mainly off traders’ radar, except for PEPE. The chart vividly illustrates that discussions around the PEPE meme token experienced a significant uptick during the week. 
PEPE is the only meme coin whose social media discussions have risen during this period. Contrastingly, currencies like Dogecoin have witnessed their discussion metrics plummet to three-year lows. This surge in social media engagement could be the driving force behind PEPE’s price recovery. 
When investors become intrigued by a coin, they often discuss it on social media. These discussions can sway the coin’s price depending on the bullish or bearish sentiment. In the current scenario, the surge in discussions aligns with the price increase, indicating a heightened level of bullish sentiment surrounding PEPE. 
PEPE experienced a double-digit surge during this week’s rally, reaching a local peak of $0.00000075 on Wednesday. This peak marked one of its highest levels in September 2023. While the rally has lost momentum, the meme coin retains a significant portion of its gains. 
On the weekly chart, PEPE’s price has soared by more than 16%, accompanied by an impressive 92% surge in daily trading volume over the last 24 hours. This surge in trading volume reflects a growing investor interest, hinting at the potential for the rally to continue once a correction finds its bottom. 
However, amidst the prevailing bearish sentiment that still engulfs much of the <a rel="noopener noreferrer nofollow" title="Crypto Market" href="https://thebittimes.com/tag/crypto-market.html">Crypto Market</a>, the sustainability of this rally remains uncertain. The key challenge lies in establishing support above $0.00000071. Failure to do so could result in this week’s gains being wiped out by the end of the weekend, underscoring the fragile nature of <a rel="noopener noreferrer nofollow" title="Crypto Market" href="https://thebittimes.com/tag/crypto-market.html">Crypto Market</a>s in turbulent times. 
&nbsp; 
The post PEPE Token’s Remarkable Recovery Amidst Crypto Market Turmoil appeared first on BitcoinWorld. 
Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/pepe-token-s-remarkable-recovery-amidst-crypto-market-turmoil-tbt64600.html">https://thebittimes.com/pepe-token-s-remarkable-recovery-amidst-crypto-market-turmoil-tbt64600.html</a>

PEPE Token’s Remarkable Recovery Amidst Crypto Market Turmoil

TheBitTimes

Other articles published on Sep 29, 2023

Sui: Will SUI Crypto Price Boost Upward to The Next Target Of $1?

APE Price Prediction as ApeCoin Climbs 11% This Week. Heading Back to $2?

French AI Startup Mistral Faces Backlash as New LLM Generates Harmful Content

Breaking: 3AC’s Su Zhu reportedly arrested in Singapore

Ripple Announces Decision to Step Back on Acquiring Fortress Trust

Chancer presale keeps momentum, but how attractive is the P2P betting platform token?

Join our free newsletter for daily crypto updates!