Frog-themed meme coin PEPE surpasses all-time highs, outperforming its competitors in the market
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According to U.Today, the frog-themed meme coin project, PEPE, has outperformed all other competitors in the market by surpassing its all-time high (ATH) price. Currently, PEPE has seen a rise of 22.41% over the past 24 hours to $0.00001356, which is a slight decline from its recent ATH of $0.00001422.
PEPE has benefited greatly from the current bull market cycle, positioning itself as a major meme coin aiming to challenge the dominance of Dogecoin (DOGE) and Shiba Inu (SHIB). In addition to its 24-hour growth, PEPE saw a 22.36% increase in the past week. Over the past month, PEPE has outperformed the market and the average meme coin with a 107% rise. As a result, PEPE is now trading well above its 50, 100 and 200 day moving average, indicating its extremely bullish position.
Despite the massive rise in PEPE price, there may be a reversal moving to confirm the cooling off period. To mitigate this possibility, the PEPE community would need to sustain a 71% increase in trading volume, amounting to $4,381,864,123. This equates to about 32.9 trillion PEPE traded in the market overnight.
When PEPE gained popularity in early 2023.