Shiba

Ethereum

PEPE

Zero

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<p dir="ltr">The meme coin ecosystem showcases intriguing trends, with PEPE also entering the spotlight.&nbsp;<a href="https://coinmarketcap.com/currencies/pepe/" rel="noopener noreferrer nofollow">Per</a> data from CoinMarketCap, PEPE is up 5.27% in the past 24 hours to $0.00000964 as it moves to clear one zero.</p>
<h2 id="why-pepe-renaissance">Why PEPE renaissance?</h2>
<p dir="ltr">PEPE is a mysterious meme coin; considering the token has no direct use case but is on a&nbsp;<a href="https://u.today/pepe-demolishes-shib-in-key-metric" rel="noopener noreferrer nofollow">continuous growth trend</a>, it has captured the attention of even the most critical analysts.</p> <img data-entity-type="file" data-entity-uuid="442df4a1-c0bc-4db2-b57f-2e99485700b9" src="https://u.today/sites/default/files/inline-images/PEPE_1D_graph_coinmarketcap%20%2815%29.jpeg"><a href="https://coinmarketcap.com/currencies/pepe/" rel="noopener noreferrer nofollow">PEPE 1D Chart. Source: CoinMarketCap</a>
<p dir="ltr">The token’s key metrics, including the trading volume, tell a different story. Up by 3.6% at the time of writing, PEPE's volume is almost $1 billion, a clear sign of intense optimism and adoption.</p>
<p dir="ltr">Despite no intrinsic value, PEPE has commanded a dedicated community that has been helping to push its price forward. After touching a low of $0.000006492 in the past month, PEPE has recorded a steady surge, gradually paring off its losses over the past eight weeks.</p>
<p dir="ltr">At the current price mark, PEPE is down 47% from its all-time high (ATH) of $0.00001718. While retesting this level appears far-fetched, PEPE appears in tune to clear one zero and hit at least $0.00001 in the coming days.</p>
<h2 id="meme-coins-redefining-trends">Meme coins redefining trends</h2>
<p dir="ltr">PEPE entered the spotlight because it took on the meme coin ecosystem with a different approach, branding itself with a green-themed frog.</p>
<p dir="ltr">This uniqueness has helped it gain a massive community of loyalists within the Ethereum ecosystem. From constant&nbsp;<a href="https://u.today/99-trillion-pepe-in-24-hours-whats-happening" rel="noopener noreferrer nofollow">whale accumulation</a> to riding the trend with the mainstream market, PEPE has carved a shockingly sustainable path for itself.</p>
<p dir="ltr">Unlike Shiba Inu, its closest rival, which has unveiled plans to&nbsp;<a href="https://u.today/shi-stablecoin-may-be-launched-soon-shib-team-hints-sharing-crucial-details" rel="noopener noreferrer nofollow">launch a stablecoin</a> — SHI — in the fight for dominance in the long term, analysts believe SHIB might stand the test of time, considering the growing number of utilities it is introducing.</p>
<p dir="ltr">Whether the developers behind PEPE make a similar pivot in the long term remains to be seen; for now, most of its investors are relishing the price uptick.</p>

PEPE Might Clear One Zero When Price Hits 8-Week High

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