Pepe coin, a famend frog-themed meme cryptocurrency, has continued to defy the broader market sentiments of a worth correction and has as soon as once more surged to unprecedented ranges. PEPE has hit new ATH amidst the meme cash sector restoration, solidifying its place and garnering vital consideration throughout the worldwide crypto realm.
With weekly positive factors of over 50%, adopted by an over 100% worth upswing recorded over the previous month, the meme coin has emerged as a favourite on crypto market merchants’ and traders’ radar. Here’s a short report on the Pepe coin’s present market statistics
Pepe Coin Bull Run: A Closer Look
Notably, PEPE kicked off the 12 months on an optimistic be aware because the token embarked upon a bull run in March. Moreover, it sustained sustaining a maintain above important worth ranges, additional persevering with to pump to new ATHs.
Pepe coin hit a brand new ATH of $0.00001559 right now, May 25, piquing vital investor curiosity. This ATH comes on the again of a 13% worth rally, as talked about above.
Despite Coinglass recording $4.58 million in liquidations, the token is rallying phenomenally right now, garnering further investor consideration to the frog-themed meme token.
CoinGape Media earlier reported that Pepe coin has not too long ago secured the twentieth spot on the highest cryptos by market cap checklist. Coupled with the abovementioned developments, PEPE paints a extremely bullish market outlook.
Also, jwynn.eth, a famend crypto dealer, deposited a staggering 491 billion PEPE to Binance, one of many world’s main crypto exchanges, to take income amid this worth rally. It is price noting that the dealer thinks that PEPE continues to be undervalued.
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PEPE Price Rallies 13%
As of writing, PEPE’s price has gained 12.33% up to now 24 hours and is at present buying and selling at $0.00001548. Its 24-hour lows and highs are $0.00001366 and $0.00001559, respectively.
Coinglass knowledge illustrated blended sentiments prevailing amongst traders, as OI surged 21.58%, though derivatives quantity dipped 41.05%.
The RSI continued to surf within the overbought territory, at 74, birthing market sentiments of a possible due worth correction.
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