PEPE Takes The Spotlight From Dogecoin And Shiba Inu! What’s Next For This Memecoin?

2024-05-08 17:50 152

The post PEPE Takes The Spotlight From Dogecoin And Shiba Inu! What’s Next For This Memecoin? appeared first on Coinpedia Fintech News

A new amphibian contender is making waves in the crypto market: PEPE Memecoin. This fresh entrant is quickly gaining momentum, stealing the spotlight from established meme-based cryptocurrencies like Dogecoin and Shiba Inu. With its cheeky mascot and engaged community, PEPE is primed to leapfrog its way into the hearts and wallets of crypto enthusiasts everywhere. However, investors are witnessing a spike in bearish sentiment as analysts predict a sharp fall for the token anytime due to no utility and support. 

PEPE’s Market Capitalization Increased Dramatically 

In just a fortnight since its launch, Pepe (PEPE) has made a splash in the crypto world by securing a spot among the top 100 largest cryptocurrencies. With a staggering market capitalization of $582 million, the PEPE token witnessed a 150% surge in the last 24 hours and an impressive 350% increase over the week, as reported by CoinGecko.

As an ERC-20 token, PEPE boasts a supply of 420.69 trillion tokens and has successfully joined the meme coin bandwagon, which comprises tokens inspired by internet memes and pop culture references.

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