The whole cryptocurrency market has improved today, with a total industry value of $1.22 trillion after recording increase of 0.90% over the previous 24 hours. This recovery has been fueled by a variety of markets, including the meme coin market. As a result, PEPE copycat KEK is now leading the charge with a growth rate of 71.77%.
With its present performance, one KEK token is now being traded for $0.00000002216. On the weekly chart, KEK’s dominance did not last as long as it did in the altcoin market today because it has been slowly trying to recover its losses over that period.
It is still unclear what is behind the KEK increase, but based on its past, the general PEPE feeling may be what is sustaining its strong purchasing momentum. KEK’s trading volume has increased by as much as 4,082% during the past 24 hours, amounting to a $7 million dollar increase in value.
Driving broad-based utility
While it may seem that KEK is falling behind PEPE, it is actually forging its own route towards expansion. In order to increase the amount of users and investors it can reach, it is now looking at various exchange listings. According to information posted on its official Twitter account, KEK is launching staking and yield farming in an effort to provide more value to its customers.
The two yield features are expected to be live in around three days, according to the update that was given. It has been collaborating with its development team on Discord. Since users will now receive greater value from their KEK holdings, the excitement around this realisation may be fueling the token’s rise.
Even though its community is smaller than that of the larger meme currency, KEK has a reputation for outperforming PEPE in terms of price movement since its creation.
