PEPE's weekly increase exceeds Dogecoin, firmly in the top 20 cryptocurrencies
#新币挖矿&盘前交易USUAL
Before PEPE's surge, two major US exchanges Robinhood and Coinbase announced that they would be listed.
The Republicans won, and the market rebounded, and the meme coins all rose. Look, PEPE's weekly increase is more fierce than Dogecoin (DOGE).
As soon as PEPE was announced to be listed, the market reacted immediately. Within a few hours, the market value of this coin rushed to more than 10 billion US dollars, while the market value of Dogecoin was only 56 billion US dollars.
Why did PEPE rise so fast? It's because Robinhood and Coinbase, two major exchanges, announced that they would list it, and its popularity rose all of a sudden, and everyone came to buy it.
Dogecoin's 24-hour trading volume was 28 billion US dollars. Once the announcement of PEPE's listing came out, its market value reached 24 billion US dollars in a few hours.
Speaking of weekly increases, Dogecoin rose 104%, and PEPE was even more impressive, rising 131%.
On Wednesday, PEPE hit a record high of $0.00002299, making it into the top 20 cryptocurrencies by market capitalization.
The rise of PEPE is comparable to that of Dogecoin. Dogecoin has been rising wildly since the US election, rising to $0.4, a price that has not been seen since 2021. When Tesla boss Musk mentioned meme coins, everyone got even more excited.
Coinbase also listened to the community's 18-month request before letting PEPE on the platform. Now PEPE is the fourth meme coin, and there are Dogecoin, Shiba Inu Coin (SHIB) and Bonk before it.
Cryptocurrency analysts are all wondering whether PEPE will be as popular as Dogecoin. Although it rose slowly in the first few days, it is now gaining momentum.
Daan de Rover, founder of the CryptoSea platform, said: "The spring of PEPE is here." He also said that the coin can rise another 900%.
The popularity of meme coins is not over yet. New coins ACT and PNUT have also risen by 1,300%, and Binance has listed them.
PEPE coin was released in April 2023. The prototype is the "Frog Pepe" picture on the Internet in 2005. This coin didn't make much noise at the beginning, but slowly built a big community.
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