PEPE Meme Coin Rises 5.4% in 24 Hours Despite Market Turbulence
The cryptocurrency market experienced widespread volatility on Tuesday, with many major coins falling sharply. However, one meme coin bucked the trend: PEPE rose 5.4% in 24 hours, trading at $0.00000130 per coin.
The surge in PEPE’s price comes despite the fact that the coin has lost 9.38% of its value in the past seven days. It is also still down 69.77% from its all-time high of $0.00000431, which it reached on May 5.
Despite the recent volatility, PEPE remains one of the most popular meme coins on the crypto market. It has a circulating supply of 420 trillion tokens and a market capitalization of $548.7 million, according to CoinGecko.
The recent price rise in PEPE could be due to a number of factors, including increased demand from investors and the launch of new features on the PEPE platform. The platform recently launched a new staking program that allows users to earn rewards for holding PEPE tokens.
It remains to be seen whether the recent price rise in PEPE is sustainable. In fact shortly after Tuesday’s gains the coin price receded. Despite its volatility, the meme coin’s popularity and strong community support suggest that it could continue to be a force in the cryptocurrency market.
DigiToads Outperforms Peers in Presale Phase
Another meme coin that has been performing well in recent weeks is DigiToads. The coin is currently in its presale phase and has already raised over $10 million.
DigiToads is a community-driven project that aims to create a decentralized gaming platform. The platform will feature a variety of games, including a play-to-earn game called DigiToads Battle Arena.
The DigiToads team has a strong track record in the cryptocurrency industry. The team includes experienced developers and marketers who have worked on successful projects such as Axie Infinity and The Sandbox.
The DigiToads presale is scheduled to end on June 15. The coin will be listed on a major cryptocurrency exchange shortly after the presale ends.
The cryptocurrency market is a volatile market and there is no guarantee that the recent price rise in PEPE or DigiToads will continue. However, both coins have strong communities and teams that could help them to succeed in the long term.