Meme coin PEPE has seen significant gains compared to Dogecoin (DOGE) after major crypto exchanges Robinhood and Coinbase announced plans to list the token. PEPE's market cap briefly surpassed $10 billion after the listing announcements, while DOGE's market cap sits at $56 billion. PEPE's trading volume reached $24 billion in a few hours, while DOGE recorded $28 billion over 24 hours. In terms of weekly performance, DOGE is up 104% while PEPE has seen a gain of roughly 131%. This surge in value follows the footsteps of DOGE, which saw explosive growth after the November U.S. election. Crypto analysts predict that PEPE could see a similar trajectory to DOGE and could experience a 900% jump. The appetite for meme coins continues to grow, with new players like ACT and PNUT challenging the old guard. PEPE is based on the iconic internet meme "Pepe the Frog" and was launched in April 2023.
- Content Editor ( decrypt.co )
- 2024-11-14
Pepe Slips Clinches Top 20 Spot, Outpaces Dogecoin in Weekly Gains