The frog-themed meme coin PEPE has increased by another 8% in what looks to be a continuation of its continuing weekly bull run, and its price is currently set at $0.000001642. In what looks to be one of its remarkable bursts of momentum so far this week, PEPE has essentially increased its weekly growth rate by a staggering 74.9% as a result of the present price movement.
PEPE community bonding
PEPE is currently achieving its full potential as a hype-loving meme currency. Since the token’s creation and introduction in April, market whales and persistent confidence from regular investors have significantly supported its ascent.
PEPE’s early participation in the rally has forged good ties with its neighbours. Investors had doubts about the longevity of the PEPE token at the time, but the meme currency wriggled out of its negative hibernation to forge new growth patterns.
Due to persistent bullish runs over the last few days, PEPE has had a highly optimistic view so far this month. PEPE has reduced its losses for the month of June and is now up 11%.
Something lacking
Although PEPE has started off far better than other meme coins that have made their debuts this year, it does not have a long-term strategy that will allow it to compete with Shiba Inu (SHIB) and Dogecoin (DOGE), for example.
Beyond the hoopla, long-term importance may need the integration of the meme currency into payment platforms, among other real-world use cases, as there is no apparent usefulness linked to PEPE, unlike its two competitors. The meme currency to keep an eye on in this area is Shiba Inu, which has created and released its much anticipated Shibarium Layer 2 protocol on the testnet.
