{"id":12069,"date":"2023-05-22T09:56:25","date_gmt":"2023-05-22T13:56:25","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/crypto\/pepe-coin-shoots-up-6-overtaking-doges-trading-volume\/"},"modified":"2023-05-22T09:56:26","modified_gmt":"2023-05-22T13:56:26","slug":"pepe-coin-shoots-up-6-overtaking-doges-trading-volume","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=12069","title":{"rendered":"Pepe Coin Shoots up 6%, Overtaking DOGE’s Trading Volume"},"content":{"rendered":"
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The newest crypto market headliner is $PEPE, a revolutionary meme token set to permeate the crypto market and communities, generating upside gains.\u00a0<\/p>\n

Since its debut on April 16th, early adopters have amassed over 6,000% exponential returns on investment, with expectations of further price pumps.\u00a0<\/p>\n

After being listed on Binance on May 5th, the token exceeded $1.5 billion in market capitalization.\u00a0<\/p>\n

The most popular meme coin in the market keeps surprising everyone as it ranks first on\u00a0CoinMarketCap’s report\u00a0as the most trendy crypto asset today.<\/p>\n

Apart from being the most popular meme token on the market, $PEPE continues to hit new milestones.\u00a0<\/p>\n

The asset currently trades above the renowned $DOGE and has recorded an impressive trading volume of over $216 million in 24 hours.\u00a0<\/p>\n

The meme sensation also continues to trade above $SHIB, currently at $105 million.\u00a0<\/p>\n

With both $DOGE and $SHIB out of the way, analysts tout $PEPE to maintain its significant growth trajectory for a long while.\u00a0<\/p>\n

$PEPE Dethrones $DOGE: We Have a New Meme King<\/h2>\n

Pepe ($PEPE) is the latest meme coin to create a large buzz that permeates the entire crypto sphere.\u00a0<\/p>\n

The token, created by an anonymous team of developers in April, took no time to list on public exchanges like Huobi and OKX.\u00a0<\/p>\n

At its core, the meme sensation strives to become the ruling king of the meme genre and has shown signs of achieving the stated goal.\u00a0<\/p>\n

Although $PEPE has no clear utility, its frog-themed concept, vibrant community, and media hype have merged to be one major propeller for its recent positive market sentiments.<\/p>\n

At press time,\u00a0the popular meme token\u00a0trades at $0.00002 per token, with a massive market cap of $614 million.<\/p>\n

In the last seven days, the token has traded above $SHIB and has hit a new milestone of $216 million trading volume in the last 24 hours, higher than $ DOGE’s $180 million.\u00a0<\/p>\n

Considering the token is still in its early trading stage, many experts believe it is bound to etch itself as the greatest-ever meme token.<\/p>\n

In contrast, some believe that for $PEPE to claim the revered throne, it needs to accumulate more utility.\u00a0<\/p>\n

$DOGE and $SHIB are dubbed the greatest and most popular meme assets in history due to their significant price pumps of over 10,0000%.<\/p>\n

Although these assets have struggled to solidify their position as a globally accepted means of payment, their deflationary token structure has made it almost impossible \u2013 hence why they embed near-to-zero utility.\u00a0<\/p>\n

$PEPE features no utility. However, the meme sensation enjoys viral hype from the media and community, which has been a catalyst for its early explosives.\u00a0<\/p>\n

The meme sensation is still rising and has piqued the interest of thousands of global investors keen to see how it surges forward.\u00a0<\/p>\n

At press time, the $PEPE market is down to 7.60% in the last 24 hours and 63.98% below its all-time high of $0.000004354 recorded on May 5th, 2023.\u00a0<\/p>\n

The meme token’s market history, marketing strategies, and listings, on the other hand, are remarkable indicators of a potential comeback on the horizon geared to surpass its previous all-time high and produce over 100x returns.\u00a0<\/p>\n

The asset was recently listed on Binance, the largest and most popular crypto exchange in the world, with plans to expand to other top trading plans, including Gemini.\u00a0<\/p>\n

Listing on Coinbase somewhat seem like a farfetched shot after the U.S based exchange tagged $PEPE as a hate symbol and iterated disagreement over political connotations.\u00a0<\/p>\n

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However, the meme token is set to expand further and reward stakeholders with more gains.\u00a0<\/p>\n

$PEPE Red-Hot Market Trajectory Is Stopping No-Time Soon<\/h2>\n

Amidst the Binance exchange listing of $PEPE, crypto market whale investors are allegedly making plans to pivot to the latest trailblazing market craze produced by $PEPE.\u00a0<\/p>\n

On May 6th, renowned crypto influencer and active supporter of the meme genre David Gokhshtein announced on Twitter that there’d been hot traction in the non-fungible token (NFT) marketplace.\u00a0<\/p>\n

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He iterated that there’s been a great selloff of NFTs as people continue to generate massive funds to purchase $PEPE and reap great rewards.\u00a0<\/p>\n

While this is a testament to $PEPE’s popularity and upside potential, crypto analysts believe there’s more to come.\u00a0<\/p>\n

With integrated utilities, adoptions, and marketing strategies, $PEPE could scale to be among the top 30 crypto assets of 2023 and become the new meme king.\u00a0<\/p>\n<\/p><\/div>\n