In the cryptocurrency market, the past few days have been relatively quiet with the US Federal Reserve's interest rate hike not resulting in any significant volatility. Bitcoin still remains at the $29K mark, unable to produce any meaningful progress. But, that's not the case for the memecoin PEPE, which continues on its epic bull run, ranking in the top 100 and gaining a market capitalization of $1 billion in less than three weeks. Throughout the past 24 hours, most altcoins have failed to chart any notable increases. Liquidations for Bitcoin in this period have only been around $26 million, revealing the current low volatility.
Investors of PEPE have earned unimaginable returns turning small investments into hundreds of thousands of dollars. But, whether the frog-inspired cryptocurrency can maintain its path remains to be seen. Will PEPE eventually challenge SHIB and DOGE, or will its price normalize? Despite Bitcoin's pause, these remain questions in the breathless world of cryptocurrency.
Lydia Thomas
- 2023-05-05
PEPE Money Earning Unimaginable Returns in Crypto Market
PEPE, the meme-inspired cryptocurrency, has climbed the ranks to enter the top 100 cryptocurrencies, gaining a market capitalization of $1 billion in less than three weeks. Despite Bitcoin’s pause, investors have earned unimaginable returns, raising the question whether the frog-inspired cryptocurrency can maintain its path.
