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Polygon

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/pepe-token-shows-significant-growth-in-may/" data-wpel-link="internal">PEPE Token Shows Significant Growth in May</a><br></p>
<p style="text-align: justify">After a 136% increase in May, <strong>PEPE</strong> price is currently around $0.00001632. The popular <a href="https://en.coin-turk.com/solana-based-meme-token-dogwifhat-surges-in-value/" data-wpel-link="internal">meme token</a> has shown impressive gains throughout the month and reached an all-time high of $0.00001718 just two days ago. Additionally, PEPE has secured a spot among the top 20 cryptocurrencies by market capitalization.</p> 
<h2 id="comparison-between-pepe-and-matic">Comparison Between PEPE and MATIC</h2> 
<p style="text-align: justify">At the time of writing, the Pepe token ranks 19th with a market cap of $6,858,900,630, competing closely with <strong>Polygon</strong>, which ranks 18th with a market cap of $7,296,410,542. Despite being a low-value meme token, PEPE has provided significant gains to its <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">investors</a>. Since its journey began a year ago, it has become one of the most preferred cryptocurrencies. Based on this and many technical factors, the ongoing PEPE price increase could potentially surpass Polygon.</p> 
<p style="text-align: justify">In a one-month period, PEPE’s market cap has doubled from the beginning of the month. PEPE started its rise on May 1st with a market cap of $2.60 billion and increased to $7.34 billion yesterday. With this growth, PEPE’s market cap is getting very close to Polygon’s, and overtaking Polygon might not be too difficult for PEPE under this growth.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-357120 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/05/pepe-6.jpg" alt="" width="877" height="392"></p> 
<h2 id="significant-performance-from-pepe">Significant Performance from PEPE</h2> 
<p style="text-align: justify">At the very beginning of the 27th, PEPE almost touched Polygon’s market cap, rising to $7.13 billion. Polygon, on the other hand, was at the $7.15 billion level. Due to the continuous activity of this <strong>meme token</strong>, PEPE’s price is constantly increasing. However, Polygon has slowed down for a while, limiting its demand in the market.</p> 
<p style="text-align: justify">Currently, PEPE’s trading volume is $1.9 billion, while <strong>Polygon’s</strong> is only at $330 million. The same difference was felt throughout the month. This could indicate that the demand for PEPE is higher compared to Polygon. Looking only at May statistics, PEPE’s <a>price</a> jumped from $0.00000612 to $0.00001632, achieving a 136% gain.</p> 
<p style="text-align: justify">However, when it comes to Polygon’s price, it has only increased by 3% over such a long period. On the other hand, the altcoin is currently trading at $0.7302, making Polygon much more valuable than PEPE, but PEPE still presents tough competition to Polygon. If the same trend continues, <strong>PEPE</strong> might win this race and take the 18th spot from Polygon.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/pepe-token-shows-significant-growth-in-may/" data-wpel-link="internal">PEPE Token Shows Significant Growth in May</a></h5>

PEPE Token Shows Significant Growth in May

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