The recent bull market is really lively, and the craze for meme coins is one after another! On well-known platforms such as Pump.fun, new tokens are launched almost every day, which is dizzying. These new digital currencies have attracted a lot of attention from investors, and popular meme coins such as Dogecoin, Shiba Inucoin and PEPE have skyrocketed at an exponential rate, as if they can double people's wealth overnight.
For example, PEPE hit an all-time high of $0.00002644 less than a month after breaking its previous highest price. This latest price surge highlights the bullish momentum that the meme token has been enjoying over the past few weeks.
PEPE Price Overview
As of this writing, the Pepe token is valued at approximately $0.00002646, reflecting a massive 21% price increase over the past 24 hours. This single-day performance is in stark contrast to the meme token’s week-long trend.
According to CoinGecko, the price of PEPE has surged nearly 27% in the past seven days. However, it is worth noting that the altcoin has been locked in a consolidation range around $0.000022 for most of the past week.
Looking at the broader timeframe, PEPE’s price action is quite striking, with the meme token more than doubling in value in November. CoinGecko data shows the meme-inspired token’s price has risen by more than 140% in the past 30 days.
In September, PEPE performed very well, with its value exceeding $0.00001, attracting a large number of investors, who were looking forward to the explosion of this meme coin. However, in October, the price of PEPE did not rise as expected, which was a bit disappointing.
In November, the trend of PEPE once again attracted attention, showing a parabolic rise. The price not only returned to its peak, but also broke through the previous historical high of $0.00001665, and even set a new high of $0.00002343! This wave of rise not only made PEPE holders very happy, but was also inseparable from the current market enthusiasm. In particular, the continuous record highs of Bitcoin have injected a shot in the arm for the entire crypto market.
Due to its hot performance, several cryptocurrency exchanges including Binance.U have now listed the popular Pepe meme coin on Thursday, December 5. It seems that its listing on one of the largest cryptocurrency exchanges in the United States has helped to revive its bullish momentum.
PEPE's market value reaches $10 billion
According to CoinGecko, PEPE’s market cap has now surpassed the $10 billion mark. This value makes the meme coin the 25th largest cryptocurrency in the digital asset space.
PEPE remains the third largest token in the meme coin market. Still, it lags behind Dogecoin and Shiba Inu, which have market caps of around $67.8 billion and $18.9 billion, respectively.
In such a positive market atmosphere, can PEPE, as a representative of meme coins, continue to ride the wind and waves and create new legends? Let us wait and see!
If you also want to cross the bull and bear markets, watch others sink to the bottom in the bear market and make yourself profitable
