The combined crypto market value, which is currently at $1.17 trillion with a modest increase in valuation, confirms that the digital currency ecosystem is currently seeing an astounding switch to winning ways. PEPE, one of the most popular meme currencies at the moment, is riding the bullish wave with its price up by 8.66% to $0.000001338 according to statistics from CoinMarketCap, even if its impact is at most negligible.
The ecology of meme coins always comes out ahead in every movement towards a bull rally. PEPE’s increase is comparable to every other upswing the top meme currencies are seeing today in an effort to end the week on a high note.
Due to the fact that it is the only strong alternative to the combo of Dogecoin (DOGE) and Shiba Inu (SHIB), sheer feeling in the community continues to fuel the rise of PEPE.
While the PEPE project has yet to have an attractive idea or use case to solidify the allegiance of its community, whales have embraced the meme currency in a big manner and are actively building up the token. One of the most recent purchases, as disclosed by Lookonchain, was 486 billion PEPE tokens, which were purchased for around $604,000 over the course of the previous 24 hours.
PEPE at par with its peers
PEPE has been brought up to par with SHIB and DOGE thanks to the support of the whale described above and all others. The daily trading volumes of these tokens are often equal, despite SHIB’s impressive efforts to develop Shibarium and escape the label of pure no usefulness.
PEPE has established its own community, and doubts regarding the token’s status as a serious initiative have often been dispelled.
