Memcoin $PEPE entered the top 20 cryptoassets by market capitalization.
Time to take $PEPE
Memcoin PEPE has reached a market capitalization of $7 billion.
This made it possible for it to enter the twenty largest cryptoassets according to this indicator.
Over the past week, the token has increased by 81.4%.
Memcoin Repecoin (PEPE) entered the top 20 cryptoassets by market capitalization, as evidenced by data from the CoinMarketCap platform.
Market capitalization of digital assets from 13 to 20 positions. Source: CoinMarketCap.
We previously wrote that on May 15, 2024, the price of RepeCoin updated its all-time high (ATH) at $0.00001161. After that, the asset faced a slight correction, but already on May 20, its value began to rise again.
On the same day, the RepeCoin rate crossed the mentioned ATH and showed a significant strengthening over the past week. According to available statistics, the crypto-asset has gained 81.4% over the past seven days, according to TradingView.
The current ATH of memcoin stands at $0.00001725. The market capitalization of the asset has reached the level of $7.05 billion. At the time of writing, the token rate is $0.00001655.
Hourly chart of PEPE/USDT on Binance exchange. Source: TradingView.
It is worth noting that the annual increase in the price of memcoin exceeded 995%, and in the last six months the value of the asset jumped by 1413%.
Against the background of the prolonged rally of RepeCoin, news of a successful investment in the token appears. For example, on May 15, 2024, it became known that one of the traders earned more than $46 million thanks to financial infusions into Memcoin. He increased his deposit almost 15,718 times in more than a year.
PepeCoin (PEPE) Review: What the future holds for the meme token
In another case, an unknown investor made more than $3.4 million thanks to an investment in memcoin. He purchased 324.9 billion PEPE for 0.22 ETH ($462 at the time) in April 2023. This month, the trader decided to sell 182.9 billion PEPE for $3.4 million.
We will remind you that we wrote that a user lost $1 million on Binance after liquidating a long position for PepeCoin.
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