$PEPE PEPE market capitalization surpasses Uniswap and Litecoin

The price of PEPE is making waves with its recent surge as meme coins are dominating the cryptocurrency market.

PEPE market capitalization reached 7 billion USD

PEPE's price increase has brought the meme coin's market capitalization close to the $7 billion mark. This is a result of an 80% increase over the past week, making PEPE one of the top meme coins.

In the process, meme coin PEPE surpassed Litecoin (LTC) and Uniswap (UNI) in market capitalization. At one point in the day's trading, even Polygon (MATIC) was underperforming PEPE, but PEPE's capitalization has since dropped below MATIC.

If the market capitalization of meme coin PEPE surpasses $7.2 billion, Polygon will once again cede its position to PEPE. However, this possibility is not really feasible, because investors are choosing to take profits.

PEPE holders often sell during sudden price spikes, which suggests that profit-taking may continue and the price will be affected.

Predict PEPE price in the near future

The price of PEPE has reached a new ATH of 0.00001725 USD. Over the past week, this meme coin has recorded an 80% increase, from 0.00001000 USD to nearly 0.00002000 USD.

However, because profit-taking activities are increasing strongly, the upward momentum may stop here. Therefore, meme coin PEPE could drop back to 0.00001500 USD. However, the token is likely to remain above the $0.00001430 support level.

But if the bullish momentum continues, the cryptocurrency could break above the resistance at $0.00001725. This will invalidate the bearish thesis and help PEPE form new ATHs.