PEPE has solidified its position as one of the top meme coins, competing with major players like Dogecoin and Shiba Inu. Despite its large supply, the rising price and market cap of PEPE pose questions about its market future.
Current Market Performance of PEPE
PEPE has recently shown considerable price and trading volume increases, indicating growing investor confidence. The current price stands at $0.000007695 with a 24-hour change of +5.23%, a market cap of $3.24 billion, and a 24-hour trading volume of $769.86 million.
PEPE vs. Other Meme Coins
PEPE is outperforming major competitors in short-term growth. For instance, Dogecoin has decreased by -3.21% over the last 24 hours. Despite having a comparatively lower market cap, PEPE surpasses its rivals like Shiba Inu and Floki Inu in percentage gains.
Factors That Could Boost PEPE's Price
Several factors could support PEPE's price growth: 1. Continued bullish momentum and coin popularization; 2. Possible Tier-1 exchange listings and interest from large investors; 3. Potential supply reduction mechanisms, such as token burns, and other unexpected market catalysts.
While reaching $1 for PEPE seems distant, its continued growth and market support might lead to achieving new all-time highs.
