- After beating DOGE and SHIB in terms of social scores, trading volume and general interest, PEPE is now leading both in terms of trading volume.
- Pepe had a $360 million 24-hour trading volume over the last day, according to statistics from CoinGecko.
- When compared to Dogecoin’s $312 million, PEPE is currently ahead by more than $40 million.
- On May 1, cryptocurrency exchange OKX also announced via Twitter, that it would be listing PEPE
There is a new kid on the block, and everyone is talking about it.
Ever since the new memecoin, Pepe’s launch in April, it has performed quite well and appears to be giving other “king memecoins” like DOGE and SHIB a run for their money.
After beating DOGE and SHIB in terms of social scores, trading volume and general interest over the last few weeks, PEPE has done it again and is now leading the memecoin market in terms of trading volume.
Why is PEPE so special, and why is it outperforming two of the biggest players? Is the interest in PEPE organic, or is it all hype?
- Advertisement -
More details are below:
PEPE Overtakes DOGE, SHIB In Trading Volumes
Pepe had a $360 million 24-hour trading volume over the last day, according to statistics from CoinGecko.
When compared to Dogecoin’s $312 million, PEPE is currently ahead by more than $40 million.
Pepe, a memecoin that was introduced earlier this year, has acquired popularity among traders thanks to its connection to the well-known online meme Pepe the Frog.
- Advertisement -
This most recent achievement in terms of trading volume just serves to highlight how intriguing this new memecoin may be.
The ambitious objectives of Pepe’s plan centre on development, community involvement, and reaching new audiences. By achieving important milestones, the quirky initiative hopes to unseat other well-known memecoins, including Dogecoin.
Some of PEPE’s other accomplishments, according to a tweet from @3orovik include drawing nearly 100,000 holders.
$pepe accomplishments today:
- Advertisement -
– 71k holders
– higher 24hr volume than $doge
– 93rd highest market cap crypto
– lots of rich influencers yelling at you for buying $100 worth of pepe pic.twitter.com/8aaDgzNZ4o
— borovik.eth (@3orovik) May 2, 2023
Pepe has recently made progress toward its goals, as seen by its larger 24-hour trading volume than Dogecoin and ranking as the 91st most valuable cryptocurrency by market cap in less than a month after its launch.
How Does PEPE Compare To Doge And SHIB
PEPE has risen quickly, breaking into the top 125 coins by market capitalization.
When PEPE first appeared in mid-April, it amassed a market valuation of nearly $326 million in less than two weeks, while other popular meme currencies like Dogecoin and Shiba Inu have largely followed Bitcoin’s signals.
Based on Pepe the Frog memes, PEPE tokens adhere to a well-known pattern characterized by the hype that is spread via social media.
But at this point, it’s too early to predict whether PEPE will soon disappear like countless projects before it.
The memecoin has, at least for the moment, succeeded in capturing the attention of internet users.
Getting listed on a significant cryptocurrency exchange is one element that may influence the price action of PEPE.
And as it happens…
OKX Just Listed PEPE After Its 200% Rally
On May 1, cryptocurrency exchange OKX announced via Twitter, that it would be listing yet another meme coin, Pepe Coin (PEPE), in an official statement.
Trading began on May 1 at 9:00 UTC when the PEPE/USDT pair. was listed on the OKX spot trading platforms, and withdrawals are expected to start on 2 May, the following day.
It’s also intriguing that PEPE had a dip over the weekend, leading some people to believe that the meme coin’s run was finally coming to an end.
But on Sunday, when the digital asset started to move upward once more, everything changed. The cryptocurrency had gained back all of its weekend losses plus some by Monday morning, setting a new record high in the process.
PEPE’s market value officially passed the $500,000,000 mark after rising beyond the $0.000001 price resistance. It now ranks third in market cap among meme coins, only below OGs like Dogecoin (DOGE) and Shiba Inu (SHIB), with a market worth of little under $600 million.
The meme coin has grown in size as a result, surpassing some of its forerunners including Floki Inu (FLOKI), Baby Dogecoin (BABYDOGE), and Dogelon Mars (ELON). However, it is still far behind Dogecoin’s $10.9 billion market cap and SHIB’s $5.9 billion market cap.
Disclaimer: Voice of Crypto aims to deliver accurate and up-to-date information, but it will not be responsible for any missing facts or inaccurate information. Cryptocurrencies are highly volatile financial assets, so research and make your own financial decisions.