Rally

Pepe Coin

Polygon

<p>After a 136% gain in May, the <a href="https://coingape.com/price/pepe-coin/">PEPE price</a> is settled around $0.00001632 for now. This frog meme coin exhibited impressive gains over the month and created an all-time high record of $0.00001718 just two days ago. Not only that, PEPE has made its place in the top 20 cryptocurrencies based on market cap.</p> 
<p>At the time of writing, Pepe coin is ranked 19th for its market cap of $6,858,900,630 while exhibiting tough competition to Polygon, ranking 18th for its market cap of $7,296,410,542.</p> 
<p>In this blog, let us discuss the reasons why this PEPE price rally might flip the Polygon network on the market cap ranking.</p> 
<h2 id="why-pepe-price-rally-can-flip-polygon">Why PEPE Price Rally Can Flip Polygon?</h2> 
<p>PEPE is on the journey of gains, making millions for its investors despite being a low-valued meme coin. From its journey a year ago, this has become the most preferred cryptocurrency. Based on that and many technical factors, the ongoing PEPE price rally can succeed in flipping the Polygon.</p> 
<h3 id="rug-pull-between-pepe-and-polygon">Rug &amp; Pull Between PEPE and Polygon</h3> 
<p>In the one-month interval, PEPE’s market cap has become twice what it had at the start of the month. PEPE began its rally with a $2.60 Billion market cap on the 1st of May and attained a high of $7.34 Billion yesterday. With this growth, PEPE’s market cap is moving very close to the Polygon, and under such growth, taking over Polygon won’t be very challenging for PEPE.</p> 
<p>Just earlier on the 27th, PEPE almost touched Polygon’s market cap where it rose to a high of $7.13 Billion whereas Polygon was at $7.15 Billion.</p> 
<p><a rel="nofollow" href="https://coinmarketcap.com/currencies/pepe/"><img decoding="async" src="https://coingape.com/wp-content/uploads/2024/05/image-92.png" alt="PEPE vs Polygon market cap" width="702" height="314"></a></p> 
<p>&nbsp;</p> 
<h3 id="pepe-s-dominance-in-terms-of-network-activity">PEPE’s Dominance In Terms of Network Activity</h3> 
<p>PEPE price is continuously surging because of the continuous activity for this meme coin. However, Polygon has slowed down for some time, restricting its demand in the market.</p> 
<p>As of now, PEPE’s trading volume is at $1.9 Billion, whereas Polygon’s trading volume is at $330 Million only. The same difference was noticeable throughout the month, indicating a higher demand for PEPE than Polygon.</p> 
<p><img decoding="async" src="https://coingape.com/wp-content/uploads/2024/05/Pepe-PEPE-12.43.20-29-May-2024.png" alt="PEPE vs Polygon trading volume" width="3840" height="1300"></p> 
<h3 id="pepe-price-growth-is-much-higher-than-polygon">PEPE Price Growth Is Much Higher Than Polygon</h3> 
<p>Looking at the May statistics only, the PEPE price has jumped from $0.00000612 to $0.00001632, grabbing a 136% gain. However, in the case of <a href="https://coingape.com/price/polygon/">polygon price</a>, it barely surged 3% in such a long period, questioning the growth potential of Polygon.</p> 
<p>More importantly, Polygon has a much higher value than PEPE as the altcoin is currently trading at $0.7302, but PEPE is still giving tough competition to Polygon.&nbsp; If the same trend continues, PEPE can take over the 18th spot, beating the Polygon in this race.</p> 
<p>However, the price rally seems to be on halt for now as the Pepe Coin price is moving sidewards after declining from an all-time high two days ago. Moreover, the 24-hour trading volume has also decreased by 5.32%, indicating a decline in its number of transactions. So, it might take some time for the PEPE price to rally the same again and take over Polygon.</p> 
<p>Continue Reading <a href="https://coingape.com/trending/3-crypto-stocks-to-watch-out-as-nvidia-rise-continues/">3 Crypto Stocks To Watch Out As Nvidia’s Rise Continues</a></p> 
<p>The post <a href="https://coingape.com/trending/top-reasons-why-pepe-price-rally-might-flip-polygon-matic-soon/">Top Reasons Why PEPE Price Rally Might Flip Polygon (Matic) Soon?</a> appeared first on <a href="https://coingape.com">CoinGape</a>.</p>

Top Reasons Why PEPE Price Rally Might Flip Polygon (Matic) Soon?

Table of Contents

Coingape News Media

Other articles published on May 29, 2024

Ripple Chips in $25M to Support Crypto Super PAC Fairshake

Top Cryptos To Watch – ETH Gets ETF Approval, Rollblock (RBLK) Presale Sees Record Sign-Ups, Coin...

DeFi Gender Equality

Mina Coin Plans Major Upgrade

Judge Torres’ Final Decision is Awaited: Can XRP Go $1 Price Mark?

Austin Hilton Gives an Update on Learn-to-Earn Crypto Presale – Next Big Thing in Crypto?

Join our free newsletter for daily crypto updates!