PEPE Roars Ahead: Dominates SHIB And DOGE With Record-Breaking 6.9T Burn
24 Outubro 2023 - 11:00PM
NEWSBTC
In the ongoing frenzy surrounding meme coins that have captivated
the cryptocurrency market throughout 2023, PEPE has experienced a
significant resurgence. After a prolonged decline from July
14 to October 3, the memecoin halted its downtrend and entered an
accumulation phase. Subsequently, it embarked on a renewed bullish
uptrend starting on October 20, outperforming Ethereum-based
altcoin Shiba Inu (SHIB) and Elon Musk-backed Dogecoin (DOGE) by a
significant margin. As a result of this uptrend, PEPE has
reclaimed its position in the top 100 list of cryptocurrencies,
currently ranking 96th. Bitcoin’s Surge Beyond $35,000 Sparks
Market Uptrend This surge in value has been largely influenced by
the market leader, Bitcoin (BTC), which surpassed the $35,000 mark
on Tuesday. For many, the current uptrend is driven by
anticipation of the approval of a spot Bitcoin exchange-traded fund
(ETF), which could potentially bring a new wave of capital into the
market. Furthermore, Dogecoin is among the five popular meme coins
influenced by Bitcoin’s rise to $35,000. Shiba Inu also experienced
a 5.9% gain and is currently trading at $0.00000765, following a
similar pattern to DOGE. Related Reading: Ethereum End Of Month
Challenge: Can ETH Reach $2,000 Amid $21 Billion DeFi TVL? In a
significant development, the dev team behind PEPE announced on X
(formerly Twitter) that approximately 6.9 trillion $PEPE tokens,
worth around $6,000,000, have been burned. Additionally, a
new team of advisors has been brought on board to guide the future
direction of Pepe. The original team is exploring using the
remaining 3.79 trillion tokens, attributed to the Centralized
Exchange (CEX) multi-sig wallet, for strategic partnerships and
marketing opportunities. The PEPE community can expect
regular updates on future token burns, movements, or uses through
Twitter and the official telegram channel. PEPE Price Skyrockets By
25.83% In 24 Hours As of today, the price of Pepe (PEPE) stands at
US$0.000000930549, with a 24-hour trading volume of
$455,035,042.79. This represents a significant price increase of
25.83% in the last 24 hours and a 43.63% increase over the past 7
days. With a circulating supply of 420 billion PEPE, Pepe
currently holds a market capitalization of $398,014,904. On the
other hand, SHIB is currently priced at $0.00000739, with a 24-hour
trading volume of $314,695,140.13. Over the past 24 hours,
SHIB has experienced a price increase of 2.72% and a 6.04% increase
over the past 7 days. With a circulating supply of 590 billion
SHIB, Shiba Inu has a market capitalization of US$4,348,847,496.
Related Reading: Chainlink (LINK) Surge Far From Done As Crypto
Analyst Predicts Rise To $15 Meanwhile, DOGE is trading at
$0.065989, with a 24-hour trading volume of $1,064,277,555.26. Over
the past 24 hours, DOGE has seen a price increase of 3.02% and an
11.02% increase over the past 7 days. With a circulating
supply of 140 billion DOGE, Dogecoin holds a market capitalization
of US$9,327,269,145. The recent price movements and market
activities of these meme coins reflect the renewed confidence and
interest in the cryptocurrency market. Furthermore, these numbers
solidify PEPE’s position as the standout performer in the market.
Featured image from Shutterstock, chart from TradingView.com
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