In recent days, PEPE has captured the attention of the cryptocurrency community with its astounding market capitalization growth. This meme coin, which was valued at around $5.7 billion just a day ago, soared to a peak market cap of over $10.2 billion. This remarkable rise is largely attributed to its recent listings on prominent cryptocurrency exchanges such as Coinbase and Robinhood. As of now, its market cap stands at an impressive $9.5 billion.
PEPE Surges 77%!
The recent surge in PEPE’s value has been nothing short of extraordinary. Over the past 24 hours, its trading volume reached an astonishing $14.65 billion, while its market cap climbed to $9.57 billion, granting it a market dominance of 0.31%. In a single day, the meme coin’s price skyrocketed by 77%, a testament to its growing popularity and acceptance in the crypto market.
The momentum behind PEPE’s explosive growth is largely fueled by Robinhood Crypto’s announcement that it has listed Pepe alongside other cryptocurrencies like Solana, Cardano, and XRP for U.S. customers. This move comes as Robinhood reinstated Solana, Cardano, and XRP after previously discontinuing them due to regulatory issues with the U.S. Securities and Exchange Commission. Additionally, Upbit has introduced a PEPE trading pair, further boosting its visibility and market activity.
PEPE Outperforms DOGE
PEPE’s rapid ascent has also seen it outperform Dogecoin (DOGE), one of the most well-known meme coins. While Dogecoin experienced a trading volume of $28 billion over 24 hours, PEPE managed to achieve $24 billion in trading volume within just a few hours following the listing announcements. Analyzing its weekly performance, PEPE recorded an impressive 131% gain, surpassing Dogecoin’s 104% increase over the same period. This performance underscores PEPE’s potential to become a serious contender in the meme coin space.
Analysts Optimistic Over PEPE’s Potential
Crypto analysts are optimistic about PEPE’s future trajectory, drawing parallels with Dogecoin’s historic rise. Daan de Rover, founder of CryptoSea, an automated crypto trading platform, expressed confidence in PEPE’s potential for further growth, suggesting a possible 900% surge. Similarly, crypto trader Smiley Capital envisions PEPE reaching “SHIB/DOGE 2021 levels,” anticipating a 5-10x gain from current positions and predicting a “generational top” for the token.
Daniel Got Hits highlights the significance of the Robinhood listing, emphasizing its influence beyond traditional crypto-focused platforms. Over the past year, PEPE has demonstrated remarkable growth, surging by an astounding 1,843% and outperforming 88% of the top 100 crypto assets. This sustained performance, coupled with its ability to outshine industry giants like Bitcoin and Ethereum, showcases the increasing interest and confidence PEPE has garnered within the crypto community.
