Meme coins have undoubtedly taken the crypto-verse by storm. These assets have managed to appeal to both newcomers as well as seasoned traders. Notably, Pepe Coin (PEPE) on the Ethereum blockchain has showcased resilience and impressive growth despite market volatility.
With April coming to an end, attention has shifted towards the meme coin sector. PEPE for one, has captured the attention of investors. The asset witnessed a 53% surge throughout the past week. This sudden rise was linked to its listing on Coinbase International Exchange and Coinbase Advanced. Therefore, the market sentiment around this asset remains optimistic.
At press time, PEPE was trading at around $0.000007525. Succumbing to the overall market sentiment the meme coin was enduring a 6% daily drop. According to Changelly, PEPE is expected to shift this momentum towards the last week of April. The forecasted price of the asset currently stands at $0.00001119 on April 30. This projection further represents a staggering 49% increase from its current levels.
Also Read: Coinbase Launches PEPE Perpetual Futures
Dominance of Meme Coins
Meme coins have been taking over the market. This is particularly true for Ethereum-based assets. While sectors like gaming and AI tokens fade, meme coins have been painting their reign over the market in 2024. Alongside this, the sudden rise in the Solana meme coin market indicates a prominent dynamic shift in the ecosystem.
Also Read: Pepe Price Prediction: When Can It Hit $0.00002?
Assets like PEPE have been garnering immense criticism for their lack of utility. However, meme coins have been untethered with a collective market cap of over $54 billion. Additionally, the daily traded volume sits at a high of $6.2 billion. While PEPE is currently in a downtrend, the near future holds a lot of luck for the meme coin.