Cryptocurrency Pepe (PEPE) is ahead of Elon Musk’s favorite meme-coin

Cryptocurrency market analysts note that despite a 5.8% drop in price, Pepe’s 24-hour trading volume reached a staggering $ 281.3 million. The market capitalization of the digital asset amounted to $ 631 million, demonstrating a significant increase of 64% over the past week. At the time of writing, the cryptocurrency is available for purchase for $ 0.1 552.

Compared to the more popular meme coins, Dogecoin and Shiba Inu, the trading volume of Peer tokens has far exceeded expectations.

In turn, the trading volume of Elon Musk’s favorite cryptocurrency reached $ 204.2. Today, June 26, DOGE is worth $ 0.6 609 with a market capitalization of $ 9.2 billion.

Shiba Inu also lagged behind Pepe, recording a 24-hour trading volume of $ 104 million and a market capitalization of $ 4.5 billion. SHIB is currently trading at $ 0.7 739.

Pepe’s growth comes amid a weekly rise in the cryptocurrency market as a whole. Thus, bitcoin (BTC) gained 14.2% last week, and ethereum (ETH) — 8.8%.

As a reminder, PEPE reached an all-time high on May 5, when the coin was fixed at $ 0.44, and since then, the price of the token has been constantly falling. The decline was rapid and by June 10, the virtual asset was worth $ 0.8. Since then, PEPE has been moving upward, and the acceleration of the rate of the next growth was recorded on June 21. Just two days later, on June 23, a cryptocurrency millionaire sharply raised the price of the PEPE memo token by 90% - the whale, which had previously made a large-scale transaction with the memo coin and recorded a profit of $ 11.47 million, bought 3.43 trillion PEPE again.