Pepe Token Surges 77% in 24 Hours, Leading the Top 10 Meme Coins’ Market Gains

In the aftermath of a downturn successful the wider crypto market, the apical crypto assets bitcoin and ethereum person each risen modestly, betwixt 1.2% to 1.6%, implicit the past 24 hours. However, the meme token pepe (PEPE) has surged 77% against the U.S. dollar, and its marketplace capitalization has swelled to $141 million, conscionable $24 cardinal shy of its all-time precocious valuation. Other apical meme coin assets, including dogecoin and shibu inu, person risen by 1.2% to 1.4% today, portion babe doge coin has experienced a 10% summation successful worth implicit the past day.

While the Meme Coin Market Is Down, Pepe and Babypepe Tokens Jump successful Value

The meme coin market has declined 3.1% against the U.S. dollar implicit the past 24 hours and presently stands astatine $18.9 billion. On Saturday, 8 of the apical 10 meme coins saw regular gains, with the caller crypto plus pepe (PEPE) starring the way. PEPE has risen 77% successful the past time and is present 513.15% higher than the meme coin’s all-time debased of $0.000000055142 per unit, which was recorded connected April 18.

Although the new PEPE coin has risen 77% today, it remains down much than 15% from its all-time high, which was recorded connected April 20. On that day, a azygous PEPE coin was exchanged for $0.000000399788, and the token’s marketplace capitalization exceeded $165 million. Currently, astatine $0.000000336030 per unit, the meme coin’s marketplace valuation is $141 cardinal today. Interestingly, contempt being hosted connected centralized crypto exchanges, Uniswap v2 is presently the astir progressive speech for PEPE trades.

On Saturday, different notable gainers successful the meme coin marketplace included babe doge coin (BABYDOGE), which roseate 10%, floki (FLOKI), up 5.5%, and dejitaru tsuka (TSUKA), up 7.5% against the U.S. dollar. In presumption of meme coin trading measurement connected Saturday, dogecoin (DOGE) led the mode with $610 cardinal implicit the past day, portion shibu inu (SHIB) had $172 cardinal successful planetary 24-hour commercialized volume. PEPE commanded the third-largest measurement for meme coins implicit the weekend, with $54 million.

PEPE’s gains person seemingly propelled different Pepe the Frog-related crypto assets up successful worth implicit the past 24 hours, with zkpepe up 9.9%, mcpepe’s jumping 4.1%, and PEPE.bet rising 0.7%. Interestingly, according to Coingecko.com metrics, babypepe (BABYPEPE) saw a 132% summation against the U.S. dollar during the past day. Babypepe is lone a fewer days old, akin to the caller PEPE token, aft gathering fiat worth connected April 18, 2023. While babypepe has much than 4 quadrillion tokens, some coingecko.com and coinmarketcap.com bash not database the caller coin’s marketplace valuation.

What bash you deliberation the aboriginal holds for Pepe the Frog-related crypto assets, and bash you judge they volition proceed to emergence successful value? Share your thoughts successful the comments below.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This nonfiction is for informational purposes only. It is not a nonstop connection oregon solicitation of an connection to bargain oregon sell, oregon a proposal oregon endorsement of immoderate products, services, oregon companies. Bitcoin.com does not supply investment, tax, legal, oregon accounting advice. Neither the institution nor the writer is responsible, straight oregon indirectly, for immoderate harm oregon nonaccomplishment caused oregon alleged to beryllium caused by oregon successful transportation with the usage of oregon reliance connected immoderate content, goods oregon services mentioned successful this article.