Pepecoin (PEPE), known for its frog-themed meme origin, has successfully climbed into the top 20 cryptocurrencies by market capitalization. Its journey began in April 2023, and with the ongoing crypto bull run, PEPE has achieved a market cap exceeding $11 billion. The cryptocurrency community is closely watching PEPE as it positions itself to potentially challenge SHIB, another popular meme-based cryptocurrency.
The impressive growth of PEPE highlights the prevailing trend of meme cryptocurrencies gaining popularity and piecing significant market shares, sometimes rivaling more established peers. The movement of PEPE within the market cap rankings underscores its potential impact on similar tokens and the meme coin market segment as a whole.
Source: bitcoinist.com ↗