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Pepe market cap has soared past $10 billion, surpassing Litecoin (LTC), setting the stage for potential new highs. This remarkable surge has had experts weighing in on the remarkable growth of this meme coin phenomenon, analyzing its rapid ascent.
The frog-themed meme coin, PEPE, has soared past a $10 billion market cap for the first time. Following an 18% price surge within 24 hours, PEPE market cap temporarily hit an all-time high before stabilising at $0.000025.
The rally has positioned PEPE as the 21st most valuable cryptocurrency, eclipsing Litecoin’s $10 billion market cap. Analysts attribute this rise to an unprecedented surge in network activity, highlighting the growing demand for the token.
“PEPE market cap’s ascent reflects the meme coin’s ability to capture both speculative interest and significant transaction volume,” said crypto analyst Sarah Morgan. “This kind of activity, combined with bullish technical indicators, underpins its remarkable market cap growth.”
PEPE market cap trajectory has been fuelled by increased engagement across key blockchain metrics. Data from blockchain analytics firm IntoTheBlock indicates a sharp rise in active, new, and zero-balance addresses. These metrics highlight higher user adoption rates, with more wallets actively transacting or holding PEPE for the first time.
Active addresses, which count unique wallets engaging in transactions, jumped significantly alongside the addition of zero-balance addresses—wallets newly created to hold PEPE tokens. This combination signals heightened interest and engagement in the PEPE ecosystem.
“Network activity is the lifeblood of any token’s growth,” commented blockchain expert David Carter. “PEPE’s ability to attract new users while maintaining high transaction volumes is a testament to its momentum in the market.”
On the technical front, PEPE’s Moving Average Convergence Divergence (MACD) indicator has flipped from negative to positive, suggesting sustained bullish momentum. The MACD tracks momentum by analysing the relationship between the 12-day and 26-day Exponential Moving Averages (EMA).
When the 12 EMA crosses above the 26 EMA, it signals a bullish trend. This pattern has emerged in PEPE’s daily chart, reinforcing the likelihood of further upward movement.
Should the price rally beyond the $0.000025 resistance, analysts predict PEPE could approach $0.000030 in the near term. However, a failure to maintain this momentum may see the price retrace to $0.000015, potentially lowering the PEPE market cap below the $10 billion mark.
PEPE market cap’s rise to overtake Litecoin in market cap is a significant event in the crypto space. Litecoin, often referred to as the “silver to Bitcoin’s gold,” has long been a mainstay in the top cryptocurrency rankings. PEPE’s ability to surpass Litecoin underscores the growing influence of meme coins in the market.
“Flipping Litecoin isn’t just about numbers; it’s about the cultural shift in crypto,” said meme coin strategist Rachel Walker. “Tokens like PEPE show that the market values community-driven assets, sometimes even over legacy cryptocurrencies.”
Looking ahead, the PEPE market cap could continue its upward trend if the current bullish crossover holds. A move beyond $0.000025 resistance would pave the way for further gains, potentially driving the token toward a new all-time high of $0.000030.
However, risks remain. A bearish reversal at $0.000025 could trigger a decline to $0.000015, erasing some of PEPE’s recent gains. Market watchers advise caution, given the inherent volatility of meme coins.
PEPE’s achievement of a $10 billion market cap solidifies the meme coin’s popularity and the vibrancy of its community and guarantees its place as a major player in the cryptocurrency market.
While the road ahead holds both opportunities and challenges, one thing is certain: PEPE’s journey is far from over. As blockchain activity continues to drive its growth, PEPE remains a token to watch closely.
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