Shiba

Dogecoin

Solana

Shiba Inu

<figure>
 <figcaption>
 Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a>
 </figcaption>
</figure>
PEPE, the frog-themed meme coin project is dusting all other rivals on the market as it just surpassed its all-time-high (ATH) price. At the time of writing, PEPE is&nbsp;<a href="https://coinmarketcap.com/currencies/pepe/" rel="noopener noreferrer nofollow">showcasing</a> a 22.41% surge in the past 24 hours to $0.00001356. This current outlook is a slight backtrack from the recent ATH of $0.00001422 it registered a few hours ago.
PEPE is a major beneficiary of the current bull market cycle. X-Raying its growth underscores a major meme coin outlier that aims to stem the dominance of both Dogecoin (DOGE) and Shiba Inu (SHIB). Besides its 24-hour growth, PEPE has soared by another 22.36% surge in the trailing seven-day period.
Over the past month, PEPE has managed to&nbsp;<a href="https://u.today/pepe-surpasses-ethereum-classic-by-market-cap" rel="noopener noreferrer nofollow">outperform</a> the the market and the average meme coin with a 107% surge to date. With this general outlook, PEPE is now trading well above its 50, 100 and 200-day EMA, underscoring its extremely&nbsp;<a href="https://u.today/pepe-skyrockets-300-in-volume-amid-epic-surge-to-new-ath" rel="noopener noreferrer nofollow">bullish positioning</a>. <img data-entity-type="file" data-entity-uuid="42b9d2b0-2b25-44ff-b8af-45fc026f3f78" src="https://u.today/sites/default/files/inline-images/PEPEUSDT_2024-05-22_13-27-25.png"><a href="https://www.tradingview.com/x/aTDHvoiD/" rel="noopener noreferrer nofollow">PEPE/USDT 1D Chart. Source: TradingView</a>
While the massive rally in the price of PEPE spells a good omen, there might be a reversal moving on to underscore the cool-off period. However, to cushion this possibility, the PEPE community will need to sustain the 71% surge in the trading volume pegged at $4,381,864,123. This equates to roughly 32.9 trillion PEPE exchanged on the market overnight.
When PEPE became popular in early 2023, many had doubts about its longevity, especially as it took a different stance from the dog themes that DOGE and SHIB are known for. Despite the skepticism, PEPE has continued to outperform, becoming the first of the major meme coins to retest its ATH post-crypto winter.
One major hurdle now lies ahead for PEPE, and this involves its lack of a specific utility pivot. Unlike Shiba Inu with&nbsp;<a href="https://u.today/shytoshi-kusama-explodes-shib-army-with-bullish-shibarium-announcement-details" rel="noopener noreferrer nofollow">Shibarium</a>, and BONK’s relevance with Solana Mobile, PEPE is still highly speculative despite its recent successes.

PEPE Rallies 22% to Hit New ATH: Details

U_Today

2024년 5월 22일에 게재된 다른 기사

ADA Price Underperforms: Can Cardano Catch Up with Other Altcoins?

Will XRP Price Hold 100 SMA and Trigger a Fresh Increase?

Ethereum Liquid Restaking Platform Kelp Raises Token Round at $90 Million Valuation

Florida court reinstates Binance US money services license

Raoul Pal Predicts NFT Boom with Ethereum Rally

COTI V2 Dev Network Launches: High-Speed Blockchain Privacy

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!