Crypto News– In the midst of the recent upswing in major cryptocurrency prices, the well-known meme coin token PEPE has also experienced a notable surge, successfully recovering some of the losses it had accumulated over the past week. With the token currently residing in the green zone, many are left wondering whether this positive trend will endure until the year’s end.
Meme Coins Making a Comeback? PEPE, DOGE, SHIB All Seeing Increases
According to data sourced from CoinMarketCap, PEPE has managed to secure a 3.48% increase in its value at the time of this report. This boost can be attributed to a broader overnight rally in the cryptocurrency market, which effectively put an end to the sustained negative price performance observed in the preceding week.
However, when examining the weekly price charts, the token still bears a 1.58% decline within that specific timeframe. On the flip side, the monthly price charts tell a more optimistic story, showcasing that PEPE has not only managed to regain its previous losses but is currently on a positive trajectory. Should PEPE manage to sustain its ongoing rally, there’s a chance it might fully offset the losses from the past week.
Furthermore, it’s worth noting that PEPE has also witnessed a substantial surge in its trade volume. As of my last update, the meme coin’s trade volume has skyrocketed by an impressive 73.72%, with a total trading volume exceeding $62 million. PEPE has now earned itself an overall market capitalization of $268.41, cementing its position as the third-largest meme coin network globally, following closely behind DOGE and SHIB.
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