PEPE reaches new all-time high, what is happening?

The meme cryptocurrency reached USD 0.000027, driven by the drag effect of bitcoin and the altcoin season.

PEPE was launched in 2023 after the success of other memecoins like Dogecoin and Shiba.

PEPE has risen by 1,626% in just one year.

The meme cryptocurrency is now more valuable than litecoin.

The meme cryptocurrency PEPE marked a new all-time high of 0.000027 dollars, after an explosive increase of 15% in a single day.

According to data from CoinMarketCap, the price of the memecoin went from 0.000021 to over 0.000026 dollars in a matter of hours. It then corrected and is currently holding above USD 0.000026💲.

The increase of PEPE was promoted by the drag effect of bitcoin (BTC) and the already confirmed altcoin season, which indicates good performance for alternative cryptocurrencies to BTC, as reported by CriptoNoticias. This context has allowed PEPE to experience significant growth, driven by the widespread trend in the market.

With the rise and the new ATH, the market capitalization of PEPE is now 10.68 billion dollars. This places this memecoin above the cryptocurrency litecoin (LTC) in terms of market value. The market capitalization of LTC is currently 10 billion dollars, according to CoinMarketCap.

PEPE not only surpasses litecoin but also threatens to take the 20th spot from the UNI token, native to the decentralized exchange Uniswap, which currently has a capitalization of 11.2 billion dollars. This meteoric rise of PEPE in the cryptocurrency ecosystem highlights its growing relevance and popularity among investors and traders.