PEPE Hits New All-Time High, Market Cap Surpasses $10 Billion

Opeyemi Sule

10 months ago

3 mins read

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This bull cycle has been filled with the craze of meme coins, with prominent platforms like Pump.fun spawning new tokens almost every day. At the same time, popular meme coins, like Dogecoin, Shiba Inu, and PEPE, have continued their exponential growth trajectory.

PEPE, for instance, has now forged a new all-time high price of $0.00002644 less than a month after shattering its previous record-high price. This latest price spike highlights the bullish momentum the meme token has been enjoying over the past few weeks.

PEPE Price Overview

As of this writing, the value of the Pepe token stands around $0.00002597, reflecting an impressive 21% price surge in the past 24 hours. This single-day performance is in stark contrast to how the meme coin had moved all week long.

According to data from CoinGecko, the price of PEPE has soared by nearly 27% in the past seven days. However, it is worth noting that the altcoin was locked in a consolidation range around the $0.000022 region for most of the past week.

On a broader timeframe, the price action of PEPE has been remarkable, with the meme coin more than doubling its value in the month of November. CoinGecko data shows that the price of the meme-inspired token has increased by more than 140% in the last 30 days.

After a positive September, which saw the value of PEPE briefly cross the $0.00001 mark, investors expected the meme coin to take off. However, Pepe’s price failed to live up to expectations in the month of October.

In November, the meme coin went on a parabolic run to crash its previous all-time high of $0.00001665 and set a new one at $0.00002343. This bullish momentum coincided with the positive climate of the general market, which saw Bitcoin reach successive all-time highs.

As a result of its red-hot performance, various crypto exchanges, including Binance.US, have now listed 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 Cap Hits $10 Billion

According to data from CoinGecko, the market capitalization of PEPE has now surpassed the $10 billion mark. This value places the meme coin as the 25th largest cryptocurrency in the digital asset sector.

PEPE retains its position as the third-largest token in the meme coin market. Nevertheless, it continues to trail Dogecoin and Shiba Inu, with market caps of roughly $67.8 billion and $18.9 billion, respectively.

Featured image created by DALL-E, chart from TradingView

Opeyemi Sule

Opeyemi is a proficient writer and enthusiast in the exciting and unique cryptocurrency realm. While the digital asset industry was not his first choice, he has remained absolutely drawn since making a foray into the space over two years. Now, Opeyemi takes pride in creating unique pieces unraveling the complexities of blockchain technology and sharing insights on the latest trends in the world of cryptocurrencies.

Opeyemi savors his attraction to the crypto market, which explains why he spends the better parts of his day looking through different price charts. “Looking” is a rather simple way to describe analyzing and interpreting various price patterns and chart formations. However, it appears that is not Opeyemi’s favorite part - in fact, far from it.

Being able to connect what happens on a price chart to on-chain movements and blockchain activities is what keeps Opeyemi ticking. “This emphasizes the intricacies of blockchain technology and the cryptocurrency market,” he would say. Most importantly, Opeyemi thinks of any market insights as the gospel, while recognizing that he is only a messenger.

When he is not clicking away at his keyboard, Opeyemi is most definitely listening to music, playing games, reading a book, or scrolling through X. He likes to think he is not loyal to a particular genre of music, which can be true on many days. However, the fast-rising Afrobeats genre is a staple in Opeyemi’s Spotify Daily Mix.

Meanwhile, Opeyemi is a voracious reader who enjoys a wide category of books - ranging from science fiction, fantasy, and historical, to even romance. He believes that authors like George R. R. Martin and J. K.
Rowling are the greatest of all time when it comes to putting pen to paper. Opeyemi believes his reading of the Harry Potter series twice is proof of that.

Indeed, Opeyemi enjoys spending most of his time within the four walls of his home. However, he also sometimes finds solace in the company of his friends at a bar, a restaurant, or even on a stroll. In essence, Opeyemi’s ambivert (haha! been searching for an opportunity to use the word to describe myself) nature makes him a social chameleon who is able to quickly adapt to different settings.

Opeyemi recognizes the need to constantly develop oneself in order to stay afloat in a competitive and ever-evolving market like crypto. For this reason, he is always in learning mode, ready to pick up the slightest lesson from every situation. Opeyemi is efficient and likes to deliver all that is required of him in time - he believes that “whatever is worth doing at all is worth doing well.” Hence, you will always find him striving to be better.

Ultimately, Opeyemi is a good writer and an even better person who is trying to shed light on an exciting world phenomenon - cryptocurrency. He goes to bed every day with a smile of satisfaction on his face, knowing that he has done his bit of the holy assignment - spreading the crypto gospel to the rest of the world.

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