What’s Next for PEPE, the Memecoin Taking Over Dogecoin and Shiba Inu’s Limelight?
PEPE Memecoin is a new entrant in the cryptocurrency market and is gaining momentum among crypto enthusiasts. In just two weeks since its launch, PEPE has secured a spot among the top 100 largest cryptocurrencies, with a market capitalization of $582 million. The token’s trading volume has soared to $500 million in the last 24 hours, making it the third-largest memecoin. Analysts are predicting a sharp fall for the token due to no utility and support, which has resulted in a spike in bearish sentiment among investors. However, the token’s stability is still unclear, and it remains to be seen if it will join the ranks of forgotten tokens or continue to set new milestones. The PEPE coin is increasingly popular among social media users who interact daily with meme-based cryptocurrencies. Binance has published an official PEPE purchase guide, and the crypto Twitter community perceives it as a sign that the coin could soon be featured on the exchange. As of writing, the PEPE coin trades at $0.000001247, gaining over 70% in the last 24 hours. But to initiate another wave, PEPE needs to break above the $0.0000015 resistance level. Some investors are choosing to diversify their meme coin investments by holding both PEPE and SHIB, indicating a growing interest in the meme-based cryptocurrency market.