Pepe Coin Trades in the Red, When Will PEPE Resurrect?

Vignesh Karunanidhi
Pepe Coin Price Analysis: Is the Initial Enthusiasm Waning?
Source: The Sun

Pepe Coin has been the trend over the last month. The new meme coin had amassed a great following with its exceptional price performance in a short span of time. However, the hype seems to have been neutralized as PEPE Coin has dropped in value, and its trades are in the red.

According to CoinGecko data, PEPE is down by 6.3% in the last 24 hours. Pepe Coin is also down by 5.3% in the last seven days and 24.6% in the last 14 days.

Source: CoinGecko

PEPE is also down by 64% since its all-time high of $0.000004354 on May 5, 2023. Is the meme coin frenzy over for PEPE? Let us find out.

Pepe Coin ROI in a month stands at 5500%

The new meme coin has delivered significant returns to its early investors in just a few days since its launch.

Prominent crypto exchanges, including Binance, also went ahead to list the new meme coin. This has also pushed the community to buy PEPE. Pepe Coin’s price experienced a remarkable surge, starting from a low of $0.00000002764 on April 17, 2023, and reaching an all-time high of $0.000004354.

The recent decline in the price of PEPE Coin and its trades has definitely raised the question of whether the meme coin frenzy is over. However, it is unclear at the moment as PEPE stands bearish at the moment. Additionally, the whole meme coin realm, including Dogecoin and Shiba Inu, is also trading in the red. For the price to soar higher, the market should end favorably.