PEPE coin is off to a strong start this week, experiencing a noteworthy surge of 10% within the last day amidst a broader market rebound. As of now, this coin stands out as the leading performer among the top three meme coins, with a price of $0.000001637. Notably, PEPE has displayed a comparatively positive growth trend throughout the week, in contrast to its counterparts who are experiencing a period of decline.
In contrast, this Meme coin has demonstrated greater responsiveness to new investments that can fuel significant growth surges. Due to its comparatively smaller market capitalization, which stands at approximately $644 million, PEPE exhibits a greater tendency for upward trends compared to both Shiba Inu (SHIB) and Dogecoin (DOGE).
Redefining Expectations for PEPE Coin
Although there is still a long way to go for PEPE, there are several significant milestones to keep an eye on this week. One such milestone is the potential breakthrough of the $0.000002 price level, which would require the current price rally to be sustained. During its initial launch, this coin exhibited the type of growth typically seen in highly anticipated Layer 1 blockchain networks.
As a result, it quickly rose to the ranks of the top 100 cryptocurrencies by market capitalization and currently holds the 68th position. Another important event to monitor this week is its steady ascent in the rankings, aligning with its expected growth trajectory.
In the short term, it may pose a challenge for PEPE to reach its previous all-time high of $0.000004354, but it would be premature to dismiss the possibility of achieving smaller victories along the way.
PEPE seems to be emerging as the frontrunner in the battle for meme coin dominance, as it continues to attract new investments across various metrics. Many market analysts anticipate that it is only a question of when, rather than if, PEPE will surpass SHIB in terms of popularity and market position.
There was a notable resurgence in the crypto market, with Bitcoin testing the $30,000 price level for the first time since April. Amidst this overall market recovery, meme coins such as Dogecoin (DOGE) and PEPE have garnered significant attention from traders. Analyst Miles Deutscher embarked on a comparison to determine which of these two meme coins would have a more favorable long-term outlook.