A new sensation in the crypto world — Pepe (PEPE), a frog-themed meme coin, has burst into the top 20 cryptocurrencies by market capitalization! 🚀 As of December 7, 2024, PEPE's market capitalization exceeds 11 billion dollars, leaving giants like Uniswap (UNI) with its 10.6 billion dollars behind. This is a historical high for a meme coin that started the year with a market capitalization of just 591 million dollars.
Pepe was launched in 2023, inspired by the iconic cartoon frog. This asset, despite lacking 'intrinsic value', has become a favorite among traders due to its simplicity, humor, and volatility. Since the beginning of 2024, PEPE has grown more than 18 times, and overall — by 7000%. In the last week, the price increased by 26%, and in the last day — by 16.8%. Such performance has made PEPE a serious competitor to the legends of meme coins, such as Dogecoin (DOGE) and Shiba Inu (SHIB). 🐕💥
Is the pair worth buying?
Pepe is already at historical highs, making it attractive for speculation but risky for long-term investments. If you plan to buy, pay attention to possible pullbacks to enter at a better price. For those already in position, it may be worth considering taking some profits.
Pepe proves that meme coins remain an important segment of the market. Their high volatility and community support attract both retail traders and large investors. But remember, meme coins are associated with high risks. Use stop-losses and adhere to money management!
Keep an eye on PEPE, as this frog might jump even higher! 🐸💚$PEPE #pepecoin🐸
