Pepe Coin has surged to new all-time highs, defying market expectations with its consistent gains.
Pepe Coin, a well-known cryptocurrency featuring a frog-themed meme, has persistently risen to unprecedented heights, defying the general market sentiment that a price drop is inevitable. In the middle of the meme currency sector’s recovery today, the frog-themed meme cryptocurrency has reached a new all-time high (ATH), consolidating its position and gaining major attention across the global cryptocurrency sphere.
The meme coin has become a favorite among traders and investors in the cryptocurrency market due to weekly gains of more than fifty percent and a price increase of more than one hundred percent over the previous month. Presented below is a concise overview of the current market statistics for the Pepe blockchain.
Particularly noteworthy is the fact that PEPE began the year on a positive note, as the token engaged in a bull run in the month of March. In addition to this, it maintained a hold above important price levels and continued to pump to new highs of the day. Pepe coin reached an all-time high of $0.00001577 on Wednesday, May 25, which sparked a large amount of interest among investors.
As previously indicated, this all-time high (ATH) follows a 13% price gain. Despite the fact that Coinglass has recorded a total of $4.58 million in liquidations, the token is performing exceptionally well today, which is attracting extra investor attention to the frog-themed social media currency.
Pepe coin recently earned the twenty-first rank on the list of the top cryptocurrencies based on market capitalization. Combined with the previously mentioned changes, Pepe Coin presents a highly optimistic outlook for the market prospects.
In addition, Jwynn.eth, a well-known cryptocurrency trader, has deposited an astounding 491 billion PEPE into Binance, one of the world’s most prominent cryptocurrency exchanges, in order to take advantage of the current price increase. However, it is important to note that the trader believes that PEPE is still trading at a low price.
PEPE COIN Price Rallies 13%
As of this writing, the price of PEPE has increased by 12.33% over the previous twenty-four hours and is currently trading at $0.00001548. Over the course of twenty-four hours, it has reached a low of $0.00001366 and a high of $0.00001559.
According to data provided by Coinmarketcap, PEPE experienced a weekly increase of 53%, while the monthly gains amounted to a total of 104.42%.Additionally, the statistics from Coinglass demonstrated that investors had a mixed attitude about PEPE, as the overall interest rate (OI) increased by 21.58% while the volume of derivatives decreased by 41.05%.At 74, the Relative Strength Index (RSI) continued to move in the overbought region, which gave rise to market perceptions that a possible price drop was overdue.