when

PEPE

<figure> 
 <figcaption>
  Cover image via <a href="https://u.today/">U.Today</a>
 </figcaption> 
</figure>
<p dir="ltr">There has been noticeable growth in the price of PEPE as it attempts to recover from previous sell-offs.&nbsp;<a href="https://coinmarketcap.com/currencies/pepe/">Per</a> data from CoinMarketCap, PEPE is about to erase one zero from its price in a move that might mark the biggest turnaround it has seen in weeks.</p>
<h2 id="pepe-performance-metrics">PEPE performance metrics</h2>
<p dir="ltr">At the time of writing, PEPE is up by 0.32% in the past 24 hours to $0.000009242. While the growth rate was higher in previous hours, unexpected fluctuation is catching up with it already. However, should the meme coin reach additional growth records, it might push the price toward the $0.00001 mark.</p>
<img data-entity-type="file" data-entity-uuid="a66284cd-1deb-4269-96c0-557a077e6081" src="https://u.today/sites/default/files/inline-images/PEPE_1D_graph_coinmarketcap%20%2814%29.jpeg"><a href="https://coinmarketcap.com/currencies/pepe/">PEPE 1D Chart. Source: CoinMarketCap</a>
<p dir="ltr">The growth prospects of PEPE are clear, however, some metrics might stand in the way. The most obvious is the trading volume. As of this writing, interest in PEPE, as seen in the volume, is low, with this metric down 22.3% to $534,911,945.</p>
<p dir="ltr">Beyond the volume, the historical data of PEPE suggests the token may recover little this month.&nbsp;<a href="https://cryptorank.io/price/pepe/analytics">Insights</a> from Cryptorank show that PEPE has an average sell-off rate of 23% this month. This data comes from the record from July 2023, when the token closed down 23.8%.</p>
<p dir="ltr">Thus far this month, it is already down by more than 22%.</p>
<h2 id="sound-pepe-economics">Sound PEPE economics</h2>
<p dir="ltr">PEPE recently demonstrated positive economics despite being a meme coin with a massive circulating supply. From the&nbsp;<a href="https://u.today/epic-9-trillion-pepe-leave-top-exchange-whats-happening">transfer of the token</a> in and out of exchanges to its buy-up by whale addresses, PEPE has always&nbsp;<a href="https://u.today/whale-loses-35-million-on-pepe-whats-happened">attracted</a> high networth individuals.</p>
<p dir="ltr">PEPE is also always&nbsp;<a href="https://u.today/meme-coin-index-with-shib-doge-wif-pepe-and-bonk-launched-by-major-exchange">featured in index products</a> involving tokens within its niche. This recognition is essential for its sustained relevance in the broader industry. In all of its strides thus far this year, PEPE has managed to keep its market capitalization at $3,879,229,405.</p>

PEPE on Track to Erase One Zero, Volume Needs Fresh Trigger

Innehållsförteckning

U_Today

Andra artiklar publicerade 11 juli 2024

Best New Crypto Ventures for July 2024

Crypto Analyst Foresees $80K-$100K Bitcoin Amid FTX’s Potential $16 Billion Repayment

Best Airdrops for Easy Crypto Earnings

Top Altcoins Picks For Breakout Rally Gains Next Week

John Deaton Vows To Expose Senate Warren’s ‘Hypocrisy’ On Anti-Crypto Bill

$10 WTK Price Expectation Remains Strong as WadzPay Diamond Hands Stand Resolute Amidst FUD

Prenumerera på vårt nyhetsbrev och få kryptouppdateringar varje dag!