This bullish cycle has been filled with the meme coin craze, with prominent platforms like Pump.fun generating new tokens almost every day. At the same time, popular meme coins such as Dogecoin, Shiba Inu, and PEPE have continued their exponential growth trajectory.
PEPE, for example, has reached a new all-time high price of $0.00002644, less than a month after breaking its previous record price. This latest price surge highlights the bullish momentum the meme token has been enjoying over the past few weeks.
PEPE Price Overview
At the time of writing this article, the value of Pepe’s token is around $0.00002597, reflecting an impressive 21% price increase in the last 24 hours. This single-day performance is in stark contrast to how the meme coin had been moving all week.
According to data from CoinGecko, the price of PEPE has skyrocketed almost 27% in the last seven days. However, it is worth noting that the altcoin was locked in a consolidation range around the $0.000022 region for most of last week.
In a broader time frame, the PEPE price action has been notable: the meme currency more than doubled its value in the month of November. Data from CoinGecko shows that the price of the meme-inspired token has risen more than 140% in the last 30 days.
After a positive September, which saw the value of PEPE briefly surpass the $0.00001 mark, investors expected the meme coin to take off. However, Pepe’s price did not meet expectations in the month of October.
In November, the meme coin went on a parabolic run to break its previous all-time high of $0.00001665 and set a new one at $0.00002343. This bullish momentum coincided with the positive overall market mood, which saw Bitcoin hit successive all-time highs.
As a result of their red-hot performance, several crypto exchanges including Binance.USnow included the popular Pepe meme coin on Thursday, December 5. It appears that its listing on one of the largest crypto exchanges in the United States has helped renew its bullish momentum.
PEPE market capitalization reaches $10 billion
According to data from CoinGecko, PEPE’s market capitalization has surpassed the $10 billion mark. This value places the meme coin as the 25th largest cryptocurrency in the digital asset sector.
PEPE maintains its position as the third largest token in the meme coin market. However, it continues to lag behind Dogecoin and Shiba Inu, with market capitalizations of approximately $67.8 billion and $18.9 billion, respectively.
Fountain: NewsBTC.com
