Cryptocurrency News – PEPE, the frog-themed meme coin that can be attributed to the ongoing weekly bull run, is currently up another 8%, pegging the price at $0.000001642. Thanks to the current price action, PEPE appears to have increased its growth rate by a whopping 74.9% so far this week.
PEPE community movement
PEPE is now reaching its true potential as a meme coin that thrives on hype. Since the launch of the token in April, its growth has been radically fueled by the continued optimism of market whales and retail investors.
The rally PEPE achieved in its infancy enabled the community to establish strong bonds with its members. At a time when investors had doubts about the sustainability of the PEPE token, the meme coin has charted the path of new growth trends.
During this month, PEPE has shown a steady rise and a positive outlook over the last few days. As of June, PEPE reduced its losses and gained 11% in value.
Although PEPE has had a pretty good start this year compared to other meme coins, it does not have an ambitious enough road map to surpass its competitors such as Shiba Inu (SHIB) and Dogecoin (DOGE) in the long term.
Compared to its other two competitors, there are no obvious benefits attributable to PEPE, and beyond just hype, its long-term relevance may require other real-world use cases, such as the integration of meme money into payment platforms. Shiba Inu is a meme coin to follow in this regard as it has developed and released the Shibarium Layer 2 protocol, which is expected in the testing phase.
