PEPE has surged nearly 75% in the past 24 hours, pushing its market cap to $9.5 billion. PEPE’s meteoric rise has caught the attention of the crypto community, hitting a record high of $0.00002457 earlier today before settling at $0.00002275. The impressive growth of nearly 75% in just 24 hours has established PEPE as a formidable contender in the meme cryptocurrency world. The strong interest in the asset reflects a growing trend of investors looking for opportunities in highly volatile but potentially lucrative cryptocurrencies.
Listings on Coinbase and Robinhood Drive Demand
One of the key factors driving PEPE’s rally is the token’s listing on Coinbase, the leading cryptocurrency exchange in the United States. This has helped PEPE reach a wider audience and attracted strong interest from both veteran and new investors. Additionally, the announcement that PEPE can be traded on the Robinhood platform for US users starting last Wednesday also shows the expansion strategy to popularize meme cryptocurrencies more widely.
Pepe’s strong rise has put it in direct competition with popular meme coins such as Shiba Inu (SHIB) and Dogecoin (DOGE). Currently, SHIB has a market capitalization of $15.6 billion, while Pepe is close behind at $9.8 billion. While SHIB has managed to surpass DOGE, it still faces many challenges, as its value has dropped nearly 70% from its peak in October 2024.
Read more: ACT Memecoin on Solana Surges Nearly 3000% in a Short Period
Over the past week, DOGE has increased in value by more than 100%, with its current market capitalization reaching $57 billion. This helped DOGE surpass several notable companies, including MetLife and Bank of New York Mellon. DOGE’s incredible performance shows its resilience in the cryptocurrency market, although its price is still 46.7% below its all-time high.
