Crypto Rover, a prominent analyst on X, recently questioned whether to increase investment in PEPE. This query follows a notable rise in the meme coin’s value over the past week, particularly around July 16, suggesting a potential catalyst or positive news impacting PEPE’s performance.
The chart for PEPE shared by Crypto Rover shows a steady increase in value over the past week, with a significant rise around July 16 indicating positive influences. Despite the growth, the rapid gain in a short period points to high volatility, a common trait in the crypto market, especially among meme coins like PEPE. Investors need to be aware of this volatility when considering additional investments.
The recent upward trend in PEPE’s value might suggest potential for continued gains if the driving factors remain. However, it is crucial to remember that past performance does not guarantee future results. The high volatility associated with PEPE also implies higher risk.
PEPE Surges 23.32% Overnight: Analysts Eye Key Support at $0.0115As of today, Pepe (PEPE) is priced at $0.00001193, with a 24-hour trading volume of $1,263,877,979. This reflects a -0.32% price decline in the last 24 hours but a 27.78% price increase over the past seven days.
With a circulating supply of 420 trillion PEPE, the meme coin has a market cap of $5,020,872,410. Pepe’s 28.00% price increase in the last week outperforms the global cryptocurrency market, which is up 11.80%, and surpasses similar Ethereum Ecosystem cryptocurrencies, which are up 12.70%.
CoinGecko’s chart for Q2 2024 illustrates the market share of various cryptocurrency narratives based on web traffic. Meme coins dominate, accounting for 14.34% of the market share, indicating strong interest and engagement likely driven by their viral nature and community-driven aspects.
Real World Assets (RWA) follow with an 11.30% share, reflecting a growing trend towards integrating traditional finance with blockchain technology. AI-related crypto projects hold a 10.09% share, highlighting the increasing integration of AI technologies within the blockchain space. Notably, meme coins on the Solana platform have also gained significant attention, representing 8.44% of the market share, underscoring Solana’s strong influence and community support within the meme coin segment.
