Memetic / PepeCoin

<ul><li>Pepe (PEPE) surpassed Shiba Inu (SHIB) and Dogwifhat (WIF) with a 2.81% surge, leading meme coin resurgence.</li><li>Meme coins, led by PEPE, defy market apathy with market cap surpassing $3.3 billion and trading volume exceeding $1.45 billion.</li><li>Despite volatility, PEPE claims ninth spot in trading volume, reflecting meme coins&#39; rising influence in crypto.</li></ul>Meme coins are once again stealing the spotlight in the volatile world of cryptocurrencies. Among them, <a href="https://cryptotale.org/pepe-token-shows-resilience-amidst-bitcoin-market-pullback/" rel="noopener noreferrer nofollow">Pepe </a>(PEPE) has emerged as a formidable rival, showcasing an impressive surge of<a href="https://coinmarketcap.com/currencies/pepe/" rel="noopener noreferrer nofollow"> 2.81%</a> within a mere 24-hour span. This remarkable leap has propelled PEPE to the forefront of the market, surpassing established contenders like Shiba Inu (SHIB) and Dogwifhat (WIF).The resurgence of meme coins, particularly PEPE, comes at a time when the broader cryptocurrency market has been displaying signs of apathy. Despite the prevailing sentiment, meme coins on platforms like Solana (SOL) and Ethereum (ETH) are defying the odds, exhibiting substantial growth. PEPE, in particular, has seen its market capitalization soar past $3.3 billion, with trading volumes exceeding $1.45 billion.Notably, PEPE&#39;s meteoric rise has outshined other meme cryptocurrencies, including Bonk (BONK), which recorded a commendable<a href="https://coinmarketcap.com/currencies/bonk1/" rel="noopener noreferrer nofollow"> 10.27%</a> increase. Meanwhile, <a href="https://cryptotale.org/meme-coin-watch-dogecoin-shiba-inu-and-bonk-face-volatile-market-shifts/" rel="noopener noreferrer nofollow">Shiba Inu</a> (SHIB is experiencing a hike of <a href="https://coinmarketcap.com/currencies/shiba-inu/" rel="noopener noreferrer nofollow">3%</a> and Dogwifhat (WIF) experienced a gain of <a href="https://coinmarketcap.com/currencies/dogwifhat/" rel="noopener noreferrer nofollow">8%</a>. This collective surge in meme coin values has contributed to a significant uptick in the segment&#39;s aggregated market capitalization, targeting a $50 billion.The impact of PEPE&#39;s surge extends beyond its price performance alone. With its trading volume surpassing $1.45 billion, PEPE has now claimed the ninth spot in terms of overall trading volume, displacing XRP from its previous position. This shift underscores the growing influence and popularity of meme coins within the broader cryptocurrency landscape.However, PEPE&#39;s rapid ascent hasn&#39;t been without its share of volatility. The surge in its price led to the liquidation of $5.6 million worth of futures positions, with a notable majority (71%) being shorts. Despite this, the overall sentiment surrounding meme coins appears bullish, with investors flocking to capitalize on the promising gains offered by these unconventional assets.

PEPE Surges Past Shiba Inu: Is This the Dawn of Meme Coin Dominance?

CryptoTale

Other articles published on May 3, 2024

MicroStrategy CEO Hails Bitcoin as the Best Crypto Asset with No Opponents

Bitcoin Price Jumps Above $62K As US Jobs Data Boosts Rate Cut Expectation! Here’s What To Expect...

How AI Powered England’s Ashes Fightback Against Australia

Super Trump Price Prediction: STRUMP Jumps 3% As This Solana Meme Coin Surges 11% – Next WIF Or B...

Breaking News: Bitgert Coin Surges as the New Favorite Crypto

Nigerian Fintechs Take Stand Against Crypto: Users Feel the Heat

Join our free newsletter for daily crypto updates!