The explosive price of Pepe Coin

The Pepe Coin token is now consolidated in third place in the world of memecoins only behind Dogecoin and Shiba Inu. On rare occasions, the performance of the currency has not been among the protagonists of the current bull market. During the last few hours, performance drops noticeably with the decline of Bitcoin and Ethereum.

However, that does not dampen the powerful growth of 529% during the last 90 days ending this Friday, March 15. In fact, it is the second currency with the best record in the entire market during that period of time. Consequently, only Floki performs better with 551%, according to BlockchainCenter.

With the explosiveness of the meme coin market at the end of February, the price of the coin began to rise disproportionately. This brings its market capitalization to $3,683 million.

It is vitally important for investors to maintain caution regarding this and any meme coin. This is because they are extremely volatile assets due to the low market capitalization compared to more established currencies. The latter leads to shallow investor movements causing radical price changes.

It is possible that the price of Pepe Coin will continue to rise in the coming days thanks to the momentum of the general market. However, corrections along the way can become dangerous.

Disclaimer: This work is for informational purposes only and should under no circumstances be taken as an invitation or investment advice. Cryptocurrencies are highly volatile assets and placing capital in them can lead to total losses.