What are the main reasons why the PEPE price surge could flip Polygon (Matic) soon?
After a 136% rise in May, the PEPE price is currently stable at around $0.00001632. The frog meme coin has performed well this month and hit a new all-time high of $0.00001718 two days ago. Not only that, PEPE has also made it to the top 20 cryptocurrencies by market cap.
PEPE is on the rise, generating millions of dollars in gains for investors despite being a low-value meme coin. It has become the most popular cryptocurrency from its journey a year ago. Based on this and a number of technical factors, the ongoing PEPE price surge could successfully flip Polygon.
Due to the continued activity of this meme coin, the price of PEPE continues to surge. However, the development of Polygon has been slowing down for a while, limiting its demand in the market.
What’s more, Polygon is worth much more than PEPE, as the altcoin is currently trading at $0.7302, but PEPE is still giving Polygon a tough fight. If the same trend continues, PEPE can occupy the 18th position, beating Polygon in this competition.
However, the price increase seems to have stopped for the time being, as the price of Pepe Coin is trading sideways after falling from its all-time high two days ago. In addition, the 24-hour trading volume has also dropped by 5.32%, indicating a decline in its number of transactions. Therefore, it may take some time for the PEPE price to rise again and take over Polygon.
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