• 22 June, 2024
Market News

Novel Memecoin Pepe Surges, Surpassing Leading Cryptocurrencies

The novel cryptocurrency Pepe has been exhibiting sensational performance over the past few days, its price currently reaching $0.000002794 with a market cap of $1,090,485,427 and a 24-hour trading volume of $2,920,833,252.

The crypto investor and trader Crypto Tony wrote on his official Twitter page regarding the remarkable performance of the memecoin within one month of its inception:

Notably, the crypto enthusiast shared insights on the “incredible statistics” of the new cryptocurrency which is “less than 1 month old”. Pointing out the prodigious journey of the memecoin, Tony threw light on the fact that Pepe has been currently ranked 44, falling between the older cryptocurrencies GRT and EOS.

The price of the frog-themed memecoin has been substantially growing, currently showing a surge of almost 4,000% since its inception on April 4. As per the data released by CoinMarketCap, the coin has reached $0.000002794, with 40.49 % of rise over the last 24 hours. 

Source: CoinMarketCap

It is interesting that the coin has been receiving wide acceptance among the crypto community, regardless of the strange disclaimer provided by the official site of the currency. The disclaimer read:

$PEPE is a meme coin with no intrinsic value or expectation of financial return. There is no formal team or roadmap. The coin is completely useless and for entertainment purposes only.

Over the past month, the relatively older cryptocurrency GRT has been exhibiting a downtrend, with its price currently standing at $0.1296, and market cap at $1,170,649,103, ranking 43.

Source: CoinMarketCap

Similarly, the price of the cryptocurrency EOS has also been plummeting over the past month, currently reaching $1.0106 with a market cap of $1,101,191,795. The current ranking of the cryptocurrency is 45, marking it closely succeeding the new memecoin. Over the last 24 hours, EOS has exhibited a surge of 0. 45%.

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