Pepe Coin Hits New All-Time High, Frog-Inspired Meme Coin Flips Polygon (MATIC) in Market Cap
Pepe Coin (PEPE) price has reached a new all-time high of $0.00001701, marking a 12.36% increase in the last 24 hours. This surge in price has led to a major milestone for the token, as it surpassed Polygon (MATIC) in terms of market capitalization.
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Is PEPE the Best Meme Coin to Buy Now?
The rapid ascent of Pepe Coin has surprised many in the cryptocurrency community, as the token’s value has continued to grow despite its meme-based origins. The recent price action has solidified Pepe Coin’s position as a force to be reckoned with in the world of digital assets.
In a tweet by Crypto Patel, it was revealed that Pepe Coin had briefly flipped Polygon in market cap, a remarkable feat considering Polygon’s extensive utility and ecosystem. Polygon is known for its ability to scale Ethereum, offer staking rewards, facilitate governance votes, pay transaction fees, and power decentralized finance (DeFi) applications and decentralized applications (DApps).
Despite the momentary nature of Pepe Coin’s triumph over Polygon, analysts believe that the meme coin’s pump is still in its early stages.
Analyst Zer0 suggests that Pepe Coin is leading the way and paving the path for other meme coins to follow. While Zer0 does not own any Pepe Coin, they are rooting for the token to “moon hard.” All in all, PEPE might be one of the top meme coins to watch now.
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Show more +PEPE Price Prediction
According to Coincodex’s current Pepe Coin price prediction, the token is expected to rise by 231.52% and reach $0.00005381 by June 26, 2024. Technical indicators suggest that the current sentiment surrounding Pepe Coin is bullish, with the Fear & Greed Index showing a value of 74, indicating a state of greed in the market.
Over the last 30 days, Pepe Coin has recorded 18 green days out of 30, representing a 60% positive trend, with a price volatility of 25.58%. Based on the Pepe Coin forecast, Coincodex believes that now is a good time to buy Pepe Coin.
While the meme coin’s long-term sustainability remains to be seen, the current bullish sentiment and price predictions suggest that Pepe Coin’s journey is far from over.
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