While the cryptocurrency market experiences turbulence and widespread dips, meme coin,PEPE stands out as one of the price gainers in the last 24 hours.
PEPE increase in price despite recent volatility
PEPE, one of the leading meme coins on the market, has experienced a significant price increase today.
The current price of PEPE stands at $0.00000130, reflecting a 5.40% surge in the past 24 hours. With a trading volume of $127,576,402 over the same period, the coin has witnessed a recent rise in market activity.
However, despite PEPE’s strong bullish momentum in the 24-hour timeframe, the token has experienced a 9.38% decline in the last seven days.
At the time of writing, PEPE boasts a circulating supply of 420 trillion tokens, with a market capitalization of $548,713,317, according to CoinGecko.
Looking at the larger picture, PEPE has witnessed a 69.77% price decline from its all-time high (ATH) of $0.00000431 recorded on May 5, 2023.
On the other hand, the current price is impressively 2,271.92% higher than its all-time low of $0.000000055142, on April 18, 2023.
The cryptocurrency market as a whole has shown little signs of recovery this year, following the losses experienced in the previous year.
This has led to increased interest in various digital currencies, particularly meme coins. Investors and enthusiasts have been closely monitoring the performance of PEPE, which currently holds the 82nd position on CoinGecko’s rankings.
It’s worth noting that meme coins have been topping the crypto market charts in 2023. PEPE and DigiToads , two popular meme coins, have garnered significant attention from investors.
While PEPE has attracted a large number of investors due to its rally, DigiToads has been outperforming its peers in its current presale phase. Industry experts maintain an optimistic outlook for DigiToads, remaining bullish on its potential.
PEPE’s support levels currently stand at $0.000001205 to $0.000001091, indicating price levels where demand is expected to prevent significant declines.
On the other hand, resistance levels for the coin are identified at $0.000001320 to $0.000001434, representing price levels where selling pressure could potentially halt further upward movements.
As the market continues to evolve, it will be interesting to observe how meme coins like PEPE and DigiToads shape the cryptocurrency landscape.
While PEPE has seen recent price gains, its performance in the past week has been less favorable. Meanwhile, DigiToads has displayed resilience in the current presale phase, generating optimism among industry experts.