PEPE Sustains Positive Rally, Leads Major Meme Coins in Price Gains

• CoinMarketCap data shows that PEPE added a 2.37% gain in the past hour.
• With gains added over the past 24 hours and a week, PEPE outpaces DOGE and SHIB.
• Bitcoin, Ethereum, and BNB hit a slowdown, declining in the past 24 hours.

The third-ranked meme coin by market cap PEPE price surge continues after a positive performance sustained from the previous week and has further strengthened since the start of this week. CoinMarketCap data shows that at press time, PEPE has surged 2.37% in the past hour.

In the term “uptober,” cryptocurrency tokens experienced a bull rally, with major tokens like Bitcoin and Ethereum hitting new recent highs. Amidst all of these, PEPE has had the best performance amongst the major meme coin networks.

In particular, the token has raked in a remarkable 62% gain in the past seven days. When compared to DOGE’s 11% rise and SHIBA’s 6.88%, the data shows that PEPE has gotten the most attention from investors.

With the recent peak, the token is closing in on highs last seen in August 2023. However, the current price is still far from PEPE’s peak in May 2023, when its market cap reached nearly $2.5 billion.

At present, the token is changing hands at $0.000001025 after adding a 7% gain to its price in the last 24 hours. However, the trade volume has struggled to pick up, declining by 30.23% in the same period. PEPE currently has a market cap of $393.99 million, making it the 64th-largest crypto network and the third-largest meme coin.

Elsewhere, leading cryptocurrency networks such as Bitcoin, Ethereum, and BNB have hit a slowdown in their rally in the last 24 hours. Bitcoin’s price has seen a marginal loss of 0.70%, while Ethereum has declined by 2.66% at the time of press. 

Additionally, BNB has dropped 2.01% in the same period. The overall crypto market cap has also dropped by 0.97%, with trade volume down 27.33% in the past 24 hours.