PEPE Outperforms Bitcoin In Social Media Buzz, Triggers Bullish Run For Frog Coin
May 15 2023 - 6:58AM
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Pepecoin (PEPE) has recently gained significant attention on social
media platforms, outperforming Bitcoin in terms of buzz and hype.
As the cryptocurrency market continues to evolve rapidly, the power
of social media in driving prices and market sentiment cannot be
underestimated. With Pepecoin generating a surge of interest
and excitement among investors and traders, the question now
arises: could this trigger a renewed bullish run for PEPE?
Pepecoin, named after the popular Pepe the Frog meme, has emerged
as a promising new player in the cryptocurrency space. Its
community-driven approach and unique branding have attracted a
loyal following, which has helped it gain traction on social media
platforms like Twitter and Reddit. Pepecoin (PEPE) Emerges As
A Social Media Darling Pepecoin (PEPE) has taken the cryptocurrency
world by storm, surpassing Bitcoin and other popular digital assets
in terms of social media buzz. This newfound attention has
triggered a surge in discussions and mentions of PEPE on various
social media platforms, as tweeted by LunarCrush, a leading social
analytics platform. TRENDING 🐸 $pepe is now leading social
engagement activity, even higher than #bitcoin at the moment. This
metric indicates extremely heavy community participation in social
posts, measured by likes, retweets, comments, bookmarks,
influential account participation, and more.…
pic.twitter.com/5omzcenzKN — LunarCrush (@LunarCrush) May 13, 2023
The platform’s data reveals that PEPE has emerged as the
frontrunner in social engagement activity, outperforming even
Bitcoin and Shiba Inu (SHIB) in this metric. While Bitcoin claimed
the second spot, Shiba Inu lagged behind in seventh place. With
millions of users actively discussing and sharing information about
digital assets, social media platforms have become breeding grounds
for hype and speculation. Related Reading: Ethereum Loses
Grip On $1,800: Will The Bulls Barge In To Save The Day?
LunarCrush’s data indicates that PEPE has managed to capture the
attention and enthusiasm of crypto enthusiasts, generating a
significant level of social engagement. This surge in online
activity suggests that investors and traders are closely monitoring
PEPE and may be considering it as a potential investment
opportunity. PEPE Price Struggles To Move Up Despite High Social
Engagement Activity Despite the high levels of social engagement
and buzz surrounding Pepecoin, the cryptocurrency has seen a dip in
its price over the past few days. CoinGecko reports that as of this
writing, PEPE’s price stands at $0.00000175, which marks an 8.7%
decrease in the past 24 hours. Moreover, over the past week,
the cryptocurrency has seen a significant decline of 29.0%,
highlighting a bearish trend that may have shaken the confidence of
some investors. BTCUSD reclaims $27K region on the daily chart at
TradingView.com Related Reading: Shiba Inu Coin Holders Hit Hard As
80% Of Addresses Smothered In Red The decline in PEPE’s price is
particularly noteworthy given the recent surge in social media
activity surrounding the coin. While it is too early to say what
the future holds for Pepecoin, the current bearish trend may signal
a correction after the initial hype surrounding the coin.
-Featured image from Today’s Parent
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