While His Rival Sets New Record, Pepe Climbs 14%
Some have speculated that Pepe ($PEPE), a meme currency, may soon see a meteoric rise in value. With a market worth of nearly $3.4 billion, Pepe is the third biggest meme currency. It has outperformed the two top meme currencies this week and overnight thanks to its increases.
Pepe has gained 3.4% in the last 24 hours and 14.3% in the past week, reaching its current price of $0.058187.
Dogecoin ($DOGE), the market leader in the industry with a valuation of almost $15.7 billion, gained just 2% overnight and 7% for the week. As of right now, the price is $0.1073.
Shiba Inu ($SHIB), the second most popular meme currency, with increases comparable to those of $DOGE. At $0.00001449, $SHIB was up 1.2% for the day and almost 11% for the week.
The two most popular canine meme currencies followed the same general trend as Bitcoin ($BTC), which increased 1% overnight and 9.4% week-to-week to $63,347.
Check Out the Most Recent Pepe Price Analysis!
While Pepe's surge was impressive, it was overshadowed by DogWifHat ($WIF), which increased 17.5% since last Monday, and Ethereum's $NEIRO, which increased 228% over the course of the week.
But there's still a lot of space for Pepe to mount a comeback.
Despite this, the dropping red line shows that it has encountered increasing opposition since the beginning of summer.
As the token attempts to reclaim $0.00001 by mid-week, its relative strength index (RSI) of 57 suggests that sustained purchasing might crystallize the token's present price as a new support level.
