#PEPE PepeCoin (PEPE) Rushes To Beat Its Previous ATH Ahead Of Bitcoin (BTC)
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PepeCoin (PEPE) just achieved a new all-time high (ATH) today at $0.000008585
The rally of the crypto community’s beloved frog-themed coin came as Bitcoin(BTC) came a few dollars away from realizing its highest recorded price back in November 2021.
PepeCoin (PEPE) Sets a New Record High at $0.000008585
Today marked a significant milestone for PepeCoin (PEPE), a cryptocurrency with a frog theme, as it reached a new all-time high (ATH) of $0.000008585. This achievement coincides with Bitcoin (BTC) nearing its highest value ever, recorded back in November 2021.
PEPE Surges to a Record Peak
As mainstream investors get increasingly excited about Bitcoin's approach to its previous ATH, a segment of the market is turning towards altcoins for potentially higher risks and rewards. Recently, Shiba Inu (SHIB) has led this trend, with other animal-inspired cryptocurrencies like Dogecoin (DOGE) and PepeCoin (PEPE) also gaining traction.
PepeCoin, a favorite among frog meme enthusiasts, has shown remarkable movement in the last 24 hours, establishing a support level at $0.000006615 and breaking through a resistance level at $0.000008585, according to CoinMarketCap data. This new peak is not only a record for PEPE but also an impressive leap from its previous high of $0.000003734 on May 6th last year, marking an extraordinary 13,000% growth in under a year.
At 7:30 AM UTC, PEPE stabilized at $0.000007536, reflecting a 15% gain. The coin has also seen a substantial increase in transaction volume, with a 40% rise in a day and $4.35 billion PEPE changing hands. This surge has placed it among the top 10 most traded cryptocurrencies on the platform. Moreover, with a circulating supply of 420.69 billion PEPE, its total market value now exceeds $3.17 billion, ranking it 39th among over 8,000 active cryptocurrencies listed by CoinMarketCap.
Factors Behind PepeCoin's Surge
The recent upswing in Bitcoin's price is playing a pivotal role in shaping the investment strategies in the crypto market.
