PEPE joins current altcoin resurgence with sustained weekly growth of 74%
In what appears to be an extension of its ongoing weekly bull run, the frog-themed meme coin PEPE has climbed another 8% as its price now stands. ankle at $0.000001642. Due to the current price action, PEPE has effectively extended its weekly growth rate of 74.9% in what appears to be one of its magic momentum so far this week.
PEPE community link
PEPE is currently living out its true potential as a meme piece that thrives on hype. Since the token’s inception and launch in April, its growth has been drastically fueled by market whales and continued optimism from retail investors.
The gathering that PEPE picked up in its early days created strong bonds with members of its community. At a time when investors were skeptical of the PEPE token’s survivability, the meme coin emerged from its bearish dormancy to chart a course for new growth trends.
So far this month, PEPE has maintained a very positive outlook following consistent bull runs over the past few days. For the month of June, PEPE reduced its losses and rose by 11%.
something is missing
While PEPE has got off to a great start compared to other meme coins that debuted this year, it doesn’t have such an ambitious track record to outperform the likes of Shiba Inu (SHIB) and Dogecoin (DOGE) in the long run. term.
Unlike its two rivals, there is no visible utility attributable to PEPE, and beyond the hype, long-term relevance may require the same coin to be integrated into payment platforms, among other instances. actual use. Shiba Inu is the meme piece to watch in this regard, as it has developed and launched its highly anticipated Shibarium Layer 2 protocol on the testnet.
