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Pepe price analysis: Pepe, a trending meme cryptocurrency, has exhibited a robust upward trend in recent days. This surge is part of a broader wave of interest in meme-based digital currencies, propelling the likes of Dogecoin and Shiba Inu to new heights.
The on-chain metrics showed that one of the memecoins was likely undervalued and could see greater gains in the coming weeks.
Two popular memecoins, Pepe (PEPE) and Shiba Inu (SHIB), have been in the spotlight recently due to their notable price changes. Investors are eager to know what the future holds for these coins as they have been on a downward trend lately.
At present, PEPE, the frog-themed meme coin, boasts a fully diluted valuation (FDV) of approximately $3.08 billion and an average daily trading volume of about $1 billion. With approximately 190,000 holders, Pepe coin has solidified its dominance in the meme coin realm.
Meme coins surged for impressive gains year-to-date, dominating most of the cryptocurrency market's top performances in 2024. However, the results cooled down in the past week while cryptocurrencies faced a major correction, threatening further losses.
Top investors and cryptocurrency experts are closely monitoring BOME versus PEPE to determine their potential. They are analyzing factors like market trends, community engagement, and technical developments to assess which coin holds more promise.
Among the new meme coins, the two which has dominated the market recently are BOME and PEPE, leading to contesting the best-performing meme coins among these. What do the top investors and cryptocurrency experts think of BOME Vs PEPE coin?
The meme coin industry has registered tangible growth recently to about $52 billion in market capitalization and more than $10.6 billion in daily trading volume. Despite the rise of the Solana-based meme coins, the prior top-three memes by market cap – Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE) – have retained their position.
In pump of +600% in the last month. What will happen in the future?
Are you ready to discover some hot altcoin picks? In a recent YouTube video, crypto analyst Miles Deutscher spilled beans on several altcoin picks poised for 15X growth in the current market scenario. With a focus on identifying tokens showing strength and resilience, Deutscher outlined various projects spanning various sectors within the crypto space.
These popular cryptos are rallying and outperforming their larger rivals by wide margins despite recent sector volatility.
Our assessment of the market shows a change in dominance. Will prices continue to climb?
Two significant investors, known colloquially as "whales," have made massive purchases of Pepe (PEPE) coins, totaling an astounding 560.2 billion coins. This development, highlighted by the cryptocurrency analytics platform Spot On Chain, has sparked a flurry of discussions and speculation about the popular meme coin.
Pepe price reignited the bullish sentiment among investors on Wednesday after charting a substantial rise on the charts. This instilled hope among a certain group of investors of witnessing profits again.
FLOKI has soared the most from the top 100 altcoins today.
Once again, after a massive nosedive, Bitcoin has bounced back to the 2021 highs of $67K, rising over 10% from recent lows following the Federal Reserve's rate decision and remarks on interest rates.
With a positive Wednesday, the crypto market shines bright, reflecting the underlying demand resurfacing and concluding minor pullbacks. Further, with almost 10% in Bitcoin, the meme coins are back in action as the optimism and hype around the bull market drive them.
The top crypto prices today registered a massive rebound as the Bitcoin (BTC) price extended higher than the $66,000 level again. In addition, the Ethereum price surged past the $3,500 mark.
PEPE and BOME's bull rally might not last long as bearish sentiment around them remained dominant in the market.
During the recent craze over memecoins, PEPE and other similar coins continued to build on gains they had previously made since 2023. In the last 24 hours, PEPE recorded a trading volume of $1.7 billion and a market capitalization of $3.49 billion.
As the memecoin frenzy dominated investor narratives in the last days, PEPE and other coins doubled down on pre-recorded gains spanning back to 2023. PEPE posted 24-hour trading volumes of $1.7 billion with a market cap of $3.49 billion.
Pepe (CRYPTO: PEPE) is trading around 19% higher in the past 24 hours amid rising token holders and optimistic analyst sentiment. What Happened: According to a tweet by Plazma on March 20, new holders have increased by 765, taking total Pepe holders to 189,332, compared to 173,992 holders on March 6, as per Etherscan data.
The recent correction trend in the crypto market has been harsh on meme cryptocurrency as even the top assets like Dogecoin, Shiba Inu, Pepe coin, Bonk, and Floki witnessed a notable downturn. Within two weeks, a majority of these coins evaporated half of their gains obtained during the February-March rally, seeking support at a previously
Bitcoin (CRYPTO: BTC) moved higher, with the cryptocurrency prices trading past the key $64,000 level on Wednesday. Ethereum (CRYPTO: ETH) also recorded gains, trading above the key $3,300 mark this morning.
