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

2:33 pm, October 25, 2023

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 $0.00001902 Shiba Inu 2.09% Market capitalization $11.17 billion VOL. 24 hours $0.11 billion and Dogecoin DOGE $0.10 Department Of Government Efficiency 1.10% Market capitalization $95.72 million VOL. 24 hours $0.8 billion .

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 $76,602.70 Bitcoin 2.04% Market capitalization $1.52 trillion VOL. 24 hours $3.63 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.

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BTC

$76,602.70

2.04%

ETH

$2,868.10

7.27%

BNB

$599.42

2.31%

XRP

$0.55

3.46%

SOL

$196.66

5.37%

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