PEPE Outshines Dogecoin and Shiba Inu, Here’s Possible Reason
The post PEPE Outshines Dogecoin and Shiba Inu, Here’s Possible Reason appeared on BitcoinEthereumNews.com.
Cover image via www.freepik.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. Amid the ongoing price rebound by some meme coins, the race to maintain dominance and attract investors has intensified. Frog-themed meme coin Pepe (PEPE) is currently leading the price metrics with a more than 5% increase in 24 hours compared to Dogecoin (DOGE) and Shiba Inu (SHIB). PEPE outpaces DOGE and SHIB in price performance CoinMarketCap data, as of this writing, shows that PEPE was changing hands at $0.00001375. This represents a 6.71% increase in the last 24 hours. Meanwhile, the general crypto market has only managed a 0.72% increase within the same time frame. Related This shows that PEPE is leading or driving liquidity in the broader market. The frog-themed meme coin also outshines other notable rival projects like DOGE and SHIB. DOGE is currently trading at $0.3328 and has only registered a 0.62% increase in price. Although it is a significant jump from its previous low of $0.3258, this has not helped its price performance. SHIB’s price rose by 3.43% to $0.00001924 within the same time frame. The dog-themed meme coin has struggled to break the $0.0000195 price level. Over the past 96 hours, each attempt to breach the critical resistance has failed. Comparatively, PEPE has climbed past its $0.000013 resistance within the same period. What’s fueling PEPE’s rally? PEPE’s has been attributed to recent activities…
Filed under: News - @ February 1, 2025 12:18 am