Cryptocurrency market analysts named a digital token that grew by 26% per day

Amid the hype around meme coins, cryptocurrency industry experts are noticing a revival of interest in the PEPE token.

After a long decline that lasted from July 14 to October 3, the meme coin stopped its downward trend and entered the accumulation phase. Starting on October 20, PEPE began a bullish uptrend again, outperforming altcoins Shiba Inu SHIB $0.00001590 Shiba Inu -2.09% Market capitalization $9.37 billion VOL. 24 hours $79.12 million and Dogecoin DOGE $0.11 Dogecoin -2.55% Market capitalization $15.57 billion VOL. 24 hours $90.89 million .

As a result, PEPE regained its position in the list of the top 100 cryptocurrencies, ranking 96th. This jump in value was largely influenced by bitcoin BTC $57,019.79 Bitcoin -1.36% Market capitalization $1.12 trillion VOL. 24 hours $1.09 billion , which exceeded the $ 35,000 mark on Tuesday. For many market players, the current upward trend is driven by the anticipation of the approval of a bitcoin exchange-traded fund ETF, which could potentially bring a new wave of capital to the market.

Another important event was the announcement by the meme coin’s development team on the X platform (formerly Twitter) that they had burned 6.9 trillion PEPE tokens for about $ 6 million.

As of October 25, the price of Pepe (PEPE) is $ 0.9, and the 24-hour trading volume is $ 455 million. This means that the digital asset has grown by 25.83% over the past 24 hours and by 43.63% over the past 7 days. Pepe’s market capitalization is currently $ 398 million.

SHIB, in turn, is trading at $ 0.739, and its 24-hour transaction volume is $ 314.6 million. Over the past 24 hours, the price of the coin has increased by 2.72%, and over 7 days — by 6.04%. The market capitalization of Shiba Inu is $ 4.3 billion.

Meanwhile, DOGE is trading at $ 0.65 989 with a 24-hour trading volume of $ 1 billion. Over the past 24 hours, DOGE’s price has increased by 3.02%, and over the past 7 days, it has increased by 11.02%. Dogecoin’s market capitalization is $ 9.3 billion.