Pepe (PEPE) has experienced notable activity in the cryptocurrency market over the past 24 hours. With a current price of $0.00001169, PEPE has seen a significant 4.40% increase. This price rise highlights a positive shift in investor sentiment and growing interest in Pepe within the market.
Pepe’s market capitalization stands at $4.92 billion, positioning it as the 22nd largest cryptocurrency by market cap. This figure has also increased by 4.29% in the past day, consistent with the rise in its price.
The growth in market cap reflects strong investor confidence and a favorable market outlook for Pepe, indicating robust market engagement and active participation from traders.
In the last 24 hours, Pepe’s trading volume has reached $597.3 million, ranking it 13th in terms of volume. This represents a 12.44% increase, underscoring a rise in trading activity.
The volume-to-market cap ratio is 12.13%, providing insights into the liquidity and trading dynamics of Pepe. This high ratio suggests active trading relative to its overall market cap, reflecting robust market engagement and interest.
Pepe’s circulating supply is 420.69 trillion PEPE, which matches its total and maximum supply. This indicates that all Pepe tokens are currently in circulation.
The full circulation of PEPE tokens contributes to market stability, as there are no additional tokens expected to impact the supply and demand balance.
The fully diluted market cap of Pepe is reported at $4.92 billion. This metric provides a comprehensive view of the cryptocurrency’s valuation if all potential tokens were in circulation.
The close alignment between the current market cap and the fully diluted market cap highlights the stability of the existing supply situation, with minimal differences suggesting that the market has already accounted for the entire supply.
The 4.40% price increase within a single day reflects a strong positive sentiment towards Pepe. This significant price movement, coupled with the rise in market cap and trading volume, points to a period of increased interest and activity.
Various factors, including market trends, technological developments, or broader economic conditions, may influence this positive sentiment and contribute to Pepe’s recent performance.
Pepe’s position as the 22nd largest cryptocurrency by market cap and its active trading volume emphasize its significant presence in the crypto market. The current market dynamics, including a stable circulating supply and active trading environment, reinforce Pepe’s role as a major player in the cryptocurrency space.
The capped supply means that its value and market behavior will be influenced by ongoing supply and demand factors, with scarcity playing a crucial role in its long-term valuation.
Overall, Pepe’s recent market performance reflects its growing importance and positive sentiment. The notable price increase, stable market cap, and substantial trading volume indicate a period of momentum and investor confidence for Pepe.
Understanding the factors driving these trends and staying updated on future developments will be essential for stakeholders navigating the cryptocurrency market. As the market evolves, Pepe’s unique characteristics and significant market position will continue to shape its trajectory and influence the broader crypto landscape.
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