PEPE coin is Flying Alone
The cryptocurrency (PEPE) is witnessing a unique brilliance among the 20 largest digital currencies, as it is the only one recording an increase in light of the market decline, according to CoinMarketCap data.
PEPE rose 6%, making it stand out in a sea of declines.
The meme has surpassed Litecoin (LTC), reaching a market capitalization of more than $6 billion.
Performance of other digital currencies:
On the other hand, Shiba Inu (SHIB) is considered one of the largest currencies that witnessed a decline within the top twenty list.
It decreased by 4% during the past 24 hours, which led to it falling out of the top ten, becoming below TON and Cardano (ADA).
Likewise, DOGE fell by 3% despite strong buying activity by whales.
As for the NEAR coin, it was the worst performing currency among the top 20 currencies, as it fell by more than 4%.
According to IntoTheBlock data, 96% of PEPE holders make profits, making it the most profitable bet among meme-themed coins.
On May 27, PEPE reached a new all-time high of $0.00001717, but has fallen more than 12% since then.
Since entering the top 100 coins list for the first time in May 2023, PEPE has become the third largest meme with a market value exceeding $6.3 billion.
At the same time, the coin community is betting on whether PEPE will be able to overtake Dogwift, which runs on the Solana blockchain, to reach the $10 billion market cap first.
Investors and analysts are cautiously monitoring the performance of PEPE coin amidst this intense competition in the meme coin sector.
Posted Using InLeo Alpha