PEPE has had a notable comeback amid the continuous craze for meme currencies that has enthralled the cryptocurrency world in 2023.
The memecoin ended its extended downward trend on October 3rd, after which it started an accumulation period. After that, on October 20, it began a fresh positive surge that far outperformed Elon Musk’s Dogecoin (DOGE) and Ethereum-based cryptocurrency Shiba Inu (SHIB).
PEPE’s Dominance: 6.9T Burn Surpasses SHIB and DOGE,PEPE’s Dominance: 6.9T Burn Surpasses SHIB and DOGE
PEPE is presently ranked 96th in the top 100 list of cryptocurrencies, having regained its place due to this increase.
Bitcoin’s Rise Above $35,000 Kicks Off An Uptrend in the Market
The market leader, Bitcoin (BTC), has been a major factor in this value boom. On Tuesday, BTC crossed the $35,000 threshold.
A lot of people believe that the current rise is being driven by their expectation that a spot Bitcoin exchange-traded fund (ETF) would be approved, since this may possibly bring in fresh money.
In addition, Dogecoin is one of the five well-known meme currencies that have been impacted by the $35,000 spike in Bitcoin. In line with DOGE, Shiba Inu had a 5.9% boost as well and is presently trading at $0.00000765.
PEPE Price Soars By 25.83% in Just a Single Day
Pepe’s (PEPE) current price is US$0.000000930549, and its 24-hour trading volume is $455,035,042.79. This indicates a notable price gain of 43.63% over the last seven days and 25.83% over the last 24 hours.
Pepe has 420 billion PEPE in circulation and a market valuation of $398,014,904 as of right now.
SHIB, on the other hand, is now trading at $0.00000739 and has $314,695,140.13 in 24-hour trading volume.
SHIB’s price has increased by 2.72% over the last day and by 6.04% during the last seven days. At US$4,348,847,496 per unit, Shiba Inu has a market value of 590 billion SHIB.
As of right now, DOGE is trading at $0.065989, with $1,064,277,555.26 in trading volume over the course of a day. The price of DOGE has increased by 3.02% in the last 24 hours and by 11.02% in the last 7 days.
Dogecoin has a market value of US$9,327,269,145, with 140 billion DOGE in circulation.
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