Memecoin PEPE Has Entered The Top 100 Cyptocurrencies In Terms Of Market Valuation

Key Points:

• PEPE has gained by 84.1% in the last 24 hours and 241.5% in the last 7 days, according to CoinGecko.
• This meme coin ranked third in the April 2023 memecoin season and entered the top 100 coins by market valuation.

The community anticipates that PEPE will progress toward the aim of becoming a “billion dollar memecoin” comparable to DOGE and SHIB.

PEPE, a fresh 17-day-old initiative, maintains its lead in this year’s memecoin season with strong growth. The token has gained by 84.1% in the last 24 hours and 241.5% in the last 7 days, according to CoinGecko. This token nearly surpassed the top 100 largest coins on the market in the early afternoon of May 1, 2023, with a current market value of 451.5 million USD.

As a result, the green frog became the market’s third largest memecoin, trailing only two dogs, Dogecoin (DOGE) and Shiba Inu (SHIB). Furthermore, the community anticipates that the “green frog” token will progress toward its goal of becoming a “billion dollar memecoin” comparable to DOGE and SHIB.

With market capitalizations of $400 million and $322.5 million, respectively, the growth of PEPE pushed BABYDOGE and FLOKI to fourth and fifth place. The PEPE community is celebrating the project’s top 100 milestone, which has resulted in the $PEPE keyword trending on Twitter recently.

Of course, with such rapid expansion, there is no shortage of “life-changing” examples made possible by PEPE. The unifying feature of these wallets is that, because to “early entry,” purchasing PEPE at a low cost makes it simple to open accounts. Despite being heavily promoted on all fronts by the community, investors must remain vigilant in order to assess risks and limit fomo at this time.

It is obvious that this meme coin has generated enormous profits, but the capitalization is currently too massive, making it difficult to increase several times. Furthermore, there are many large wallets (whale) holding a large amount of PEPE, so a profit-taking dump is not ruled out.

Furthermore, it is understandable for investors to be looking for other memecoins similar to PEPE or AIDOGE. To avoid “losing money,” however, it is vital to be vigilant of sophisticated fraudulent methods.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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