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The crypto space has recently been rocked by the emergence of new tokens inspired by Internet memes, including PEPE. These memecoins, like PEPE, have seen a meteoric rise and overshadowed other altcoins. Since its inception, PEPE has achieved impressive milestones and reached unimaginable heights. And it won’t stop.
Pepecoin sets new records
PUSH the recent SEC approval of the Ethereum ETF the spot shot up the prices of Pepecoin and Floki by more than 27% in one week. Two altcoins, built on the Ethereum ERC-20 standardthey now vibrate to the rhythm of the crypto markets.
Cryptocurrency enthusiasts have seen red, or rather green, this month with an explosion in the number of blockchain addresses transacting in Pepecoin (PEPE). In space 30 daysTHE number of daily active addresses holding this crypto even has rose by 230%, reaching 9,830, according to data from IntoTheBlock. This meteoric rise far surpasses its mimic counterparts. Compared, Floki’s active addresses only jumped 179%, while those of the venerable dogecoin have painfully increased by 10% reach 53,000.
Launched last April with relative indifference, Pepecoin, inspired the famous Pepe the Frog meme created by Matt Furie in 2005, is experiencing a second wind. The meme trend, while volatile and risky, emerges as an inevitable phenomenon. Pepecoin thus rises to the top among cryptocurrencies watched by investors, proving that even the most unlikely can sometimes turn into the king of the blockchain.
Crypto Frog jumps to the top of the blockchain
How Wall Street took a day off memorial daycrypto traders have been active and driving Pepecoin to all time high $0.00001698. These spectacular gains have brought this memecoin’s annual growth to an impressive 1,000%.
But on Tuesday morning it died down, with a decrease of 4.8%. Despite this setback, most PEPE cryptocurrency holders are washing their hands: 97% of them saw profits on paper, according to IntoTheBlock, while only 2.73% remains afloat.
with confirmation rising digital assets on Wall Street and support for related financial products, memecoins are generating as much excitement as concern among experts. Industry leaders warn of potential disappointment. However, marketers’ attraction to these digital curiosities is undiminished.
Listed on 22nd place among cryptocurrencies with a capitalization of $6.75 billion, Pepecoin is making headlines. In terms of trading volume in the last 24 hours, it rose to 7th place with $1.7 billion traded, placing it just behind Bitcoin, Ethereum, Solana and several stablecoins.
A performance worthy of a frog determined to make his mark among the financial bulls.
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The blockchain and crypto revolution is in full swing! And on the day the effects are felt by the most vulnerable economy in this world, I will say against all hope that I had something to do with it
DISCLAIMER OF LIABILITY
The comments and opinions expressed in this article are solely those of the author and should not be considered investment advice. Before making any investment decision, do your own research.