Pepe Coin

Pepe

<p>In an unexpected plot twist witnessed today, March 13, Elon Musk’s Pepe meme-related post on X appears to have garnered noteworthy attention among crypto market enthusiasts across the globe as the meme coin PEPE noted a remarkable surge following Musk’s post’s surfacing. Pepe coin, a cryptocurrency venture where memes meet blockchain, curated waves throughout the vast sea of crypto with Musk’s remarks following a potential meme coin season end, as SHIB, DOGE, and FLOKI, among many others, noted significant plunges recently.</p>
<h2 id="musk-s-post-ignites-speculations-of-pepe-optimism">Musk’s Post Ignites Speculations Of PEPE Optimism</h2>
<p>The post shared by Musk today showcased a tint of the world’s most renowned entrepreneur’s sense of interest in the Pepe meme. With numerous replies by renowned individuals on the platform further bolstering this sense of interest, Pepe coin continued painting a bullish climate for itself across the broader crypto market.</p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <p lang="zxx" dir="ltr"><a href="https://t.co/ua0EFESqpB" rel="noopener noreferrer nofollow">pic.twitter.com/ua0EFESqpB</a></p>
 <p>— Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1767752570162778502?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">March 13, 2024</a></p>
</blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<p>Meanwhile, with chances of a meme coin season end prevailing, DOGE, SHIB, and FLOKI noted substantial drops in recent days. Conversely, this rally promptly garnered bullish sentiments among investors as market dynamics hinted at a significant uptrend for the meme token.</p>
<p><strong>Also Read: <a href="https://coingape.com/digital-chamber-ceo-opposes-bidens-30-tax-on-bitcoin-mining/" target="_blank" rel="noopener noreferrer nofollow">Digital Chamber CEO Opposes Biden’s 30% Tax On Bitcoin Mining</a></strong></p>
<h2 id="pepe-coin-rallies">Pepe Coin Rallies</h2>
<p>As of writing, <a href="https://coingape.com/price/pepe-coin/" target="_blank" rel="noopener noreferrer nofollow">Pepe coin’s price</a> noted a substantial uptick of 12.82% over the past 24 hours and is currently trading at $0.000009314. With a significant 28.53% surge in the token’s 24-hour trading volume, coupled with a 13.40% jump in market cap, Pepe coin showcased sentiments of bulls taking control in the market.</p>
<p>Notably, <a rel="noopener noreferrer nofollow" href="https://www.coinglass.com/currencies/PEPE" target="_blank">Coinglass’ data</a> revealed a 15.33% surge in the meme coin’s open interest, reaching $125.44 million, whereas volume jumped 48.49%, reaching $1.38 billion. This hinted at an uptrend for PEPE within the market, aligning with the price surge as investors rushed in, pushing new money into the market and fueling market activity.</p>
<p>Technical indicators unveiled by Trading View showcased a buying sentiment commanding the market. The RSI hovering around 72 hinted that the coin might be ready to welcome a consolidatory phase as an overbought condition existed. However, with Musk’s post followed by the rally, a tidal wave of optimism for the meme coin persists.</p>
<p><strong>Also Read: <a href="https://coingape.com/eu-introduce-comprehensive-ai-law-amid-innovation-concerns/" target="_blank" rel="noopener noreferrer nofollow">EU To Introduce Comprehensive AI Law Amid Innovation Concerns</a></strong></p>
<p>The post <a href="https://coingape.com/pepe-coin-soars-12-as-speculations-build-over-elon-musks-pepe-promotion/" rel="noopener noreferrer nofollow">Pepe Coin Soars 12% As Speculations Build Over Elon Musk’s PEPE Promotion</a> appeared first on <a href="https://coingape.com" rel="noopener noreferrer nofollow">CoinGape</a>.</p>

Pepe Coin Soars 12% As Speculations Build Over Elon Musk’s PEPE Promotion

Table of Contents

Coingape News Media

Other articles published on Mar 13, 2024

VanEck Bitcoin ETF Surpasses $200M Inflows Due to Fee Waivers.

Now, Drake Endorses MicroStrategy CEO Michael Saylor's Bitcoin Strategy Of 'Buying It To Hold It ...

Google restricts election queries in Gemini chatbot

Ethereum Dencun upgrade nears: Did anything change for ETH?

Will the Bitcoin halving bring more institutional investors into crypto?

Bitcoin Halving: Does It Still Matter with Limited Supply Left?

Join our free newsletter for daily crypto updates!