Pepe Coin Surprises by Topping the Meme Coin Chart in a Week

Pepe Coin

In the realm of meme coins, Pepe Coin (PEPE/USD) has emerged as the star performer, outshining its peers, including Dogecoin (DOGE/USD) and Shiba Inu (SHIB/USD).

What Happened?

Over the last 24 hours and even in the seven-day charts, Pepe Coin has showcased remarkable gains when compared to other popular meme coins.

In the past 24 hours alone, Pepe Coin saw a substantial 4% increase in its value, whereas DOGE and SHIB witnessed only marginal gains of 0.01% and 0.23%, respectively. Looking at the seven-day chart, Pepe Coin surged by an impressive 17%, while other leading meme coins faced losses.

Despite its outstanding performance, the exact reason behind Pepe Coin’s sudden surge remains somewhat elusive. Several factors could have contributed, such as a short squeeze, a temporary bounce-back from a significant drop, or potentially more positive factors at play.

Furthermore, Pepe Coin’s market volume witnessed an astounding 103% surge within the last 24 hours, reaching a total of $86 million on Thursday. Most of the trading activity surrounding Pepe Coin occurred on Binance and Kucoin, as reported by CoinMarketCap.

Why It Matters: Insights from Analyst Kaleo

Earlier this week, an anonymous analyst known as Kaleo shed light on Pepe Coin’s potential. Kaleo identified a breakout pattern on the lower time frame (LTF) associated with this digital asset, suggesting that “it’s ready to run it back to the highs.”

Currently trading at $0.0000007346, an investment of just $0.75 could yield approximately 1 million PEPE tokens, based on current market prices.

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Pepe Coin’s rapid rise and standout performance underscore the ever-evolving and dynamic nature of the cryptocurrency market, where unexpected surges can captivate investors’ attention and reshape the landscape of meme coins.

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In the realm of meme coins, Pepe Coin (PEPE/USD) has emerged as the star performer, outshining its peers, including Dogecoin (DOGE/USD) and Shiba Inu (SHIB/USD). What Happened? Over the last 24 hours and even in the seven-day charts, Pepe Coin has showcased remarkable gains when compared to other popular meme…

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