The sudden growth of Pepe Coin market capitalization skyrocketed has made it one of the leading crypto performers in a matter of days. Even though other meme-coins such as Dogecoin (DOGE), Shiba Inu (SHIB), and Floki Inu (FLOKI) are also popular meme crypto assets, the sudden growth in Pepe Coin's market capitalization is unique in the industry. The increase in Pepe Coin's market capitalization has been primarily caused by its recent listing on the renowned Binance cryptocurrency exchange, as well as significant improvements in infrastructure and public interest from various social media platforms.
Ranked 35th in the market capitalization list, the market capitalization of Pepe Coin is currently over 1 billion US Dollars while the price of each token is around 1.21 US Dollar at the moment. The daily trading volume of the coin stands at an impressive 501,884,221 US Dollars, according to CoinMarketCap.
Additionally, the Twitter user @ThiccyThot_ announced that around 5,300 Ethereum (ETH) have been spent in gas costs for PEPE Uniswap transactions in the last 3 weeks. The data was gathered from the DuneAnalytics platform and despite the huge gas costs, the PEPE coin is still in great demand from various investors.
The demand for the PEPE coin is fueled by its various use cases and the recently increased access to the currency due to its Binance listing. The coin is backed by SHA-256 POW mining, making it highly secure, and is transferable between chains, meaning it can be used to store, send and receive funds. Its value also continues to rise since it is supported by promising partnerships with Institutions such as UCLA, Harvard, Amazon, and IBM.
Pepe Coin (PEPE) is undoubtedly an exciting cryptocurrency to watch out for, and considering the recent surge in its price and market capitalization, it is likely that it will remain one of the most popular coins in the coming days. Its listing on the renowned Binance platform and the active support from well-known organizations are some of the catalysts that have driven the demand for PEPE and made it one of the most sought-after coins in the market.
Anthony Brooks
- 2023-05-05
Stunting Growth of Pepe Coin in Market Capitalization
Pepe Coin has seen an increase in price and Market Capitalization due to its listing on Binance, as well as significant improvements in infrastructure and increased interest from social media.
