Many prominent experts think that the altcoin season has probably begun with the recent gain, and companies like PEPE are extending this belief. PEPE has increased by 9.19% in the last day to $0.000001515 as of this writing, bringing its total rise over the last seven days to 38.14%.
Printing a ride this kind on its own is perhaps one of PEPE’s strong points, as it oversees a very active and vibrant community of believers who anticipate Shiba Inu (SHIB) displacement in the future. Since its debut earlier this year, PEPE has succeeded in being widely accepted, in contrast to the hundreds other meme currencies that are introduced every week.
With a market valuation of $638,467,882, the meme coin went from being called a hoax to being ranked as the 83rd largest cryptocurrency. Even if PEPE is still over 64% behind its all-time high (ATH), it is still vital to determine whether this rally can be maintained in the near future.
As of right now, the coin is benefiting from favourable circumstances because of its high trading volume and persistently positive market mood. Still, the lack of profound value raises questions about its potential in the future.
PEPE must learn from co-meme coins
PEPE may claim its recent entry onto the market as an explanation, even though it made its official market debut some months prior. Nonetheless, other meme currencies like SHIB, FLOKI, and BabyDoge—all of which have introduced at least one product indicating their shift from just amusing tokens to ones with significant utility—must serve as a valuable resource for the protocol’s core developers.
While BabyDoge offers a text-to-image generator, Floki unveiled TokenFi for tokenization, and Shiba Inu launched Shibarium, PEPE has nothing to offer its community. Even while everything looks good for now, this story might quickly alter since traders might favour a protocol that offers value.
