Pepe (PEPE): A Standout in the Memecoin Market Downturn

user avatar

by Giorgi Kostiuk

2 years ago

Amid today's lackluster market, some meme coin categories such as Pepe (PEPE) are showcasing remarkable growth. This pioneering frog-coin finishes the week with significant gains.

Pepe (PEPE) Becomes a Leader

In the last 24 hours, Pepe (PEPE), one of the most popular multi-chain meme cryptocurrencies, saw its price drop from $0.00000730 to $0.000007. This makes it the only meme coin in the red among the top 100 cryptocurrencies for the day. However, over the last seven days, Pepe (PEPE) price surged by over 6%, positioning it as the seventh fastest-growing altcoin in the top 100, outperforming all competitors in the meme coin segment.

Dogecoin (DOGE) Segment Apathy

Dogecoin (DOGE), with its nearly 10% weekly losses, is yet again in the spotlight for memecoiners. As previously covered by U.Today, a 'death cross' was registered this week for DOGE. The majority of indicators suggest potential worsening for DOGE bulls. Falling below $0.15, the coin erased all gains since mid-October 2024 and was displaced by Cardano (ADA) as the eighth largest altcoin by market cap.

General Market Overview

In the current market scenario, the index is down by 0.2%, while Bitcoin (BTC) rose by 0.9% and Ethereum (ETH) added 1.2% amid decreasing trading volumes. In the last 24 hours, $163 million worth of cryptocurrency positions were liquidated, with over 66% being short positions opened by bears.

Despite the overall decline in meme coins, Pepe (PEPE) remains at the forefront with its significant weekly growth. Meanwhile, Dogecoin (DOGE) faces pessimism and loses positions amid the 'death cross'.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

Gate Introduces Gate Money for Integrated Financial Services

Gate has officially launched Gate Money, a globally integrated financial services application that combines digital assets, fiat currencies, stocks, ETFs, and payments.

user avatarLuis Flores

Gate and Visa Collaborate to Introduce Cryptolinked Card

Gate has announced a collaboration with Visa to launch a cryptolinked card, enhancing the use of digital assets in everyday transactions.

user avatarMiguel Rodriguez

HTX Ventures Unveils New Report on Financial Sector Convergence

HTX Ventures has released a report analyzing the merging of centralized finance, decentralized finance, and traditional finance into a new digital asset architecture.

user avatarArif Mukhtar

Polygon Open Money Stack Integrates TRON Network

Polygon Labs announces the integration of TRON network into Polygon Open Money Stack, enhancing payment solutions for businesses.

user avatarMaria Gutierrez

KoreInside and Digital Motion Join Forces to Streamline Tokenized Securities Compliance

KoreInside and Digital Motion have formed a partnership to facilitate the movement of regulated tokenized securities onto public blockchains while ensuring compliance with securities regulations.

user avatarDavid Robinson

Grayscale Appoints BitGo as Custodian for Hyperliquid Staking ETF

Grayscale has appointed BitGo Bank Trust as an additional custodian for its Hyperliquid Staking ETF to enhance custody services and operational flexibility.

user avatarAndrew Smith

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.