The newest crypto market headliner is $PEPE, a revolutionary meme token set to permeate the crypto market and communities, generating upside gains.
Since its debut on April 16th, early adopters have amassed over 6,000% exponential returns on investment, with expectations of further price pumps.
After being listed on Binance on May 5th, the token exceeded $1.5 billion in market capitalization.
The most popular meme coin in the market keeps surprising everyone as it ranks first on CoinMarketCap’s report as the most trendy crypto asset today.
Apart from being the most popular meme token on the market, $PEPE continues to hit new milestones.
The asset currently trades above the renowned $DOGE and has recorded an impressive trading volume of over $216 million in 24 hours.
The meme sensation also continues to trade above $SHIB, currently at $105 million.
With both $DOGE and $SHIB out of the way, analysts tout $PEPE to maintain its significant growth trajectory for a long while.
$PEPE Dethrones $DOGE: We Have a New Meme King
Pepe ($PEPE) is the latest meme coin to create a large buzz that permeates the entire crypto sphere.
The token, created by an anonymous team of developers in April, took no time to list on public exchanges like Huobi and OKX.
At its core, the meme sensation strives to become the ruling king of the meme genre and has shown signs of achieving the stated goal.
Although $PEPE has no clear utility, its frog-themed concept, vibrant community, and media hype have merged to be one major propeller for its recent positive market sentiments.
At press time, the popular meme token trades at $0.00002 per token, with a massive market cap of $614 million.
In the last seven days, the token has traded above $SHIB and has hit a new milestone of $216 million trading volume in the last 24 hours, higher than $ DOGE’s $180 million.
Considering the token is still in its early trading stage, many experts believe it is bound to etch itself as the greatest-ever meme token.
In contrast, some believe that for $PEPE to claim the revered throne, it needs to accumulate more utility.
$DOGE and $SHIB are dubbed the greatest and most popular meme assets in history due to their significant price pumps of over 10,0000%.
Although these assets have struggled to solidify their position as a globally accepted means of payment, their deflationary token structure has made it almost impossible – hence why they embed near-to-zero utility.
$PEPE features no utility. However, the meme sensation enjoys viral hype from the media and community, which has been a catalyst for its early explosives.
The meme sensation is still rising and has piqued the interest of thousands of global investors keen to see how it surges forward.
At press time, the $PEPE market is down to 7.60% in the last 24 hours and 63.98% below its all-time high of $0.000004354 recorded on May 5th, 2023.
The meme token’s market history, marketing strategies, and listings, on the other hand, are remarkable indicators of a potential comeback on the horizon geared to surpass its previous all-time high and produce over 100x returns.
The asset was recently listed on Binance, the largest and most popular crypto exchange in the world, with plans to expand to other top trading plans, including Gemini.
Listing on Coinbase somewhat seem like a farfetched shot after the U.S based exchange tagged $PEPE as a hate symbol and iterated disagreement over political connotations.
However, the meme token is set to expand further and reward stakeholders with more gains.
$PEPE Red-Hot Market Trajectory Is Stopping No-Time Soon
Amidst the Binance exchange listing of $PEPE, crypto market whale investors are allegedly making plans to pivot to the latest trailblazing market craze produced by $PEPE.
On May 6th, renowned crypto influencer and active supporter of the meme genre David Gokhshtein announced on Twitter that there’d been hot traction in the non-fungible token (NFT) marketplace.
He iterated that there’s been a great selloff of NFTs as people continue to generate massive funds to purchase $PEPE and reap great rewards.
While this is a testament to $PEPE’s popularity and upside potential, crypto analysts believe there’s more to come.
With integrated utilities, adoptions, and marketing strategies, $PEPE could scale to be among the top 30 crypto assets of 2023 and become the new meme king.
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