Pepe (PEPE) gains momentum, heading for a breakout year
Over the past year, Pepe (PEPE) has gradually entered the crypto market and established itself as one of the top meme coins with major growth potential in 2024. Is a deflationary meme coin based on Ethereum , Pepe has capitalized on the industry craze to see meme projects like Dogecoin and Shiba Inu carve out a place for themselves in the meme coin industry.
As of 2024, Pepe has seen a significant upward trend in value. For context, Pepe recorded a price increase of over 500% in the last month. Additionally, Pepe's value has increased by more than 12,600% according to the price measure year-to-date.
As a result, Pepe's market capitalization valuation has increased to more than $3 billion. Meanwhile, the token's trading volume is gradually decreasing. However, experts believe in Pepe's upside potential and predict more price increases in the coming weeks.
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