PEPE Price Leaps 90% As Meme Coin Reaches Over 155,000 On-Chain Wallets
October 27 2023 - 4:30AM
NEWSBTC
In the meme coin realm, the last week has ignited fresh momentum,
and the buzz revolves around Pepe Coin (PEPE), which has witnessed
a remarkable surge over the weekend. This rally has set traders’
minds racing, as they contemplate whether PEPE’s ascent could
evolve into a formidable challenge to the supremacy of Shiba Inu
(SHIB) and Dogecoin (DOGE). At the time of writing, PEPE was
trading at $0.00000120, up 3.3% in the last 24 hours, and
registered an impressive weekly increase of 90%, data from crypto
market tracker Coingecko shows. Source: Coingecko Related Reading:
Shiba Inu Reverses December Downtrend – Good Days Ahead For
Investors? PEPE Reaches 155K On-Chain Wallets Just recently, Pepe
had reached a market cap of $1.6 billion, sparking conversations
about its potential to compete with the crypto market’s top meme
coins. This rapid resurgence showcases its resilience and its
enduring allure to traders and investors. Pepecoin, drawing
inspiration from the iconic Pepe the Frog meme, has carved a
noteworthy niche in the meme coin arena. Its remarkable journey in
early 2023, achieving a staggering $1.6 billion market cap and a
rapid 100% weekly growth, hints at the potential for a price surge
in Q4 2023. 142,069 $PEPE pic.twitter.com/B0tp66Oq4u — Pepe
(@pepecoineth) October 25, 2023 As this developed, the frog-themed
meme coin also made headlines when its reach extended to over
155,000 on-chain wallets, encompassing all tokens bridged to both
Arbitrum and BSC, underlining its widespread adoption and
engagement within the cryptocurrency community. This impressive
user base indicates a growing and vibrant ecosystem, poised to
explore new horizons and opportunities in the digital asset space.
Related Reading: XRP Shines Bright: 14% Weekly Gains And New Highs
After August Dip PEPE currently trading at $0.00000120 on the daily
chart:TradingView.com PEPE’s Robust Market Valuation The sudden and
robust gains in PEPE’s price have captured the attention of traders
and investors, highlighting its potential as an attractive
investment within the volatile cryptocurrency market. Pepe (PEPE),
a meme coin born during crypto winter, has witnessed an astonishing
feat, doubling its price within a week to reach a $500 million
market cap. This surge comes as traders anticipate the potential
impact of a Bitcoin (BTC) spot ETF on the broader market. As market
charts showed a 1% gain in the global crypto market value, reaching
$1.28 trillion as of October 26, the prices of cryptocurrencies saw
a little boost. Positive momentum from the “Uptober” surge caused
the cryptocurrency market to rise significantly in the last few
sessions on a global scale. (This site’s content should not be
construed as investment advice. Investing involves risk. When you
invest, your capital is subject to risk). Featured image from
iStock/Linas Toleikis
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