Meme coins are renowned in the cryptocurrency market for boosting investor morale, particularly during periods of market turbulence or stagnation. For enthusiasts of meme coins, the newly-introduced “PEPE” coin is one not to be overlooked. It has established a remarkable benchmark, experiencing an extraordinary surge of nearly 7,000% since its debut in April 2023.
Memecoins, themed after popular memes, exemplify this trend, with Pepecoin being a prime example. Pepecoin drew inspiration from the “Pepe the Frog” meme, originally featured in Matt Furie’s comic “Boy’s Club.” The initial market dynamics of Pepecoin were significantly influenced by frog-themed memes propagated by its creators and supporters on social platforms.
Pepecoin demonstrates how crypto communities can unite around cultural symbols, often overlooking the underlying economic fundamentals of the asset. It follows in the footsteps of dog-themed meme coins like Dogecoin and Shiba Inu. Dogecoin gained prominence with backing from billionaire Elon Musk, achieving a market capitalization of $10 billion. Shiba Inu, meanwhile, boasts a market cap exceeding $5 billion. Pepecoin, by contrast, currently holds a more modest market cap of around $464 million, which is far less than its peak value of $1.5 billion in May 2023.
Following its remarkable bull run, the well-known meme coin Pepe has recently experienced a slowdown. However, even with this downturn, large investors are still actively acquiring PEPE. This raises an important consideration: is investing in Pepe a worthwhile decision? Can it surpass the dominance of leading meme coins, including Shiba Inu and Dogecoin?
How Much is Pepe Coin Worth Today?
The current price of Pepe today stands at $0.0000075, with a 24-hour trading volume of $45.06M. It has a current market cap of $595M and holds a market dominance of 0.04%. The PEPE price has seen a 2.8% increase in the last 24 hours.
Pepe Coin achieved its peak on May 5, 2023, reaching the highest price paid of $0.000004408. The record lowest price for Pepe Coin is not specified, but it hit a cycle low at $0.0000006088 following its all-time high. Conversely, the highest price Pepe Coin attained since its last cycle low was $0.051455, marking the cycle high. Talking about how many pepe coins there are, the amount is currently at 417.5 trillion, which is the current circulating supply.
Pepe price analysis: PEPE price continues to consolidate around $0.000008
TL; DR Breakdown
PEPE price analysis shows that Pepe coin initiated a consolidation around $0.000008
Resistance for Pepe is present at $0.00000852
Support for PEPE/USDT is present at $0.00000592
The PEPE price analysis for 25 March confirms that PEPE price continues to witness a tough battle among traders in validating a clear trend. However, buyers defend the $0.000006 level strongly.
