Pepe Coin outranks Uniswap in market capitalization, aiming to challenge Bitcoin Cash, Hedera Hashgraph, and Sui in the cryptocurrency market.
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Peep Pepe Coin (PEPE) migrating up the crypto ranks like a kermit on steroids! After annihilating Uniswap (UNI) and conquering the 21st biggest crypto by market cap, Pepe Coin reached a shiny new all-time high (ATH) in just 24 darn hours. Bet your bottom dollar Pepe Coin is gunning for Bitcoin Cash (BCH), Hedera (HBAR), and Sui (SUI).
With a 2% surge in the last 24 hours and a 25% swell in the last week, Pepe Coin's market cap ballooned to over $11 billion while UNI's valuation drooped at around $10.77 billion as of 1:39 a.m. EST.
BCH, HBAR, and SUI Better Watch Their backs, Here Comes Pepe Coin!
Pepe Coin's skyrocketing journey stirred up when Binance.US announced on Dec. 4 the launch of the meme coin on their platform. The PEPE/USDT pair was released for trading on Dec. 5 at 11:00 a.m. UTC on the centralized exchange.
"Ever since its debut, PEPE has enjoyed immense popularity among network participants, mainly due to social media hype and community backing," Binance.US announced joyfully.
Should Pepe Coin maintain its momentum, the crypto could snatch the 19th biggest crypto by market cap from BCH soon!
CoinMarketCap data reveals that Bitcoin Cash's market cap is less than a billion smackers more than Pepe Coin's. HBAR and SUI are also within Pepe's grasp, boasting respective capitalizations of around $12.05 and $12.19 billion.
Will Wall Street Pepe and Pepe Unchained Fallow Pepe Coin's Lead?
Pepe derivative meme coins are also jumping on the bandwagon as Pepe Coin storms past UNI. The arrival of layer-2 meme coin Pepe Unchained (PEPU) couldn't have timed better as it gears up for its mind-blowing debut at 2:00 p.m. UTC tomorrow.
Pepe Unchained is hailed as the most successful presale of the year after raising nearly $74 million! The team's lips are sealed about potential listings on Binance or Coinbase, but they've hinted that multiple tier-1 platforms may invite PEPU to their exclusive space.
When Pepe Coin debuted on Coinbase and Robinhood last month, its price shot up parabolically.
Another spinoff by the name of Wall Street Pepe (WEPE) is also killing it with its ICO. In just under six days, the token has raised over $3.1 million! Experts predict WEPE may surge 100X after its launch.
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[1] CoinMarketCap: https://coinmarketcap.com/currencies/pepe.[2] Binance.US Official Announcement: https://support.binance.us/hc/en-us/articles/4402207283442-PEPE-is-Launching-on-Binance-US.[3] CRYPTO ABC: How to List a Crypto on Binance: https://cryptoadvocate.org/cryptocurrencies/how-to-list-a-crypto-on-binance/.[4] CRYPTO ABC: Why Are Meme Coins Skyrocketing: https://cryptoadvocate.org/news/why-are-meme-coins-skyrocketing/.[5] CoinMarketCap: Bitcoin Cash: https://coinmarketcap.com/currencies/bitcoin-cash/.[6] CoinMarketCap: Hedera Hashgraph: https://coinmarketcap.com/currencies/hedera-hashgraph/.[7] CoinMarketCap: Sui (SUI): https://coinmarketcap.com/currencies/sui-suiswap/.
- With the surge in Pepe Coin's popularity, investors should not overlook the potential of this meme coin in the larger financial landscape. Technology is playing a significant role in the rapid growth of Pepe Coin, as evidenced by its listing on centralized exchanges.
- As Wall Street Pepe (WEPE) and Pepe Unchained (PEPU) follow the lead of Pepe Coin, the meme coin market could witness further expansion. General news outlets should closely follow these developments to keep investors informed about potential investment opportunities in this dynamic sector.
