In the previous 24 hours, Pepe (PEPE), the frog-themed joke cryptocurrency, has witnessed a 12% increase, according to information from coin ranking website CoinGecko.
The meme currency has managed to surpass BNB’s 24-hour trading volume, which may be an indication of recently discovered momentum.
A far cry from the $1.8 billion milestone, its market valuation is presently $720 million. The meme coin has decreased by more than 60% since reaching an all-time high on May 5 of $0.00000431.
Pepe has cemented its domination in the world of cryptocurrencies despite the substantial downturn, quickly becoming into the next viral meme coin.
An unidentified group of developers earlier this year released the meme-based currency. Their website is jam-packed with online jokes, which creates a lighthearted atmosphere for the endeavour. According to the creators, Pepe is only meant for amusement, thus it has no inherent worth (and its owners are not afraid to confess this).
Pepe has had nothing less of remarkable growth in the cryptocurrency industry. Data from the cryptocurrency research organisation Messari shows that after 22 days of its inception, the recorded blockchain’s user base topped 100,000. Other meme currencies, like the Shiba Inu, grew more slowly than this one did.
The acceptance of the coin by significant international exchanges is another factor contributing to Pepe’s considerable market presence. According to U.Today, Bittrex Global put Pepe on its system, increasing the coin’s market exposure. The digital cryptocurrency is also featured on other well-known exchanges, including as Kraken and Binance.
In the meanwhile, Coinbase Global enables Ether token purchases of Pepe using the decentralised token trading service Coinbase Wallet. PEPE has not yet been listed on the biggest U.S. market, nevertheless.
