Markets
Pepe feels lonely in green as crypto market sees decline
Alex Dovbnya
Pepe (PEPE) is expected to end this month on a high note after hitting a new hgh record just a few days ago.
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Pepe (PEPE) is currently the only cryptocurrency in the green among the 20 largest coins, according to data provided by CoinMarketCap. It only progressed by 0.91%, but that allows it to stand out in a sea of red.
The red-hot coin has overtaken Litecoin (LTC), with its market cap surpassing $6 billion.
Meanwhile, Shiba Inu (SHIB) is one of the biggest laggards in the top 20. After falling 4% in the last 24 hours, it fell out of the top 10. It now sits below Toncoin ( TON) and Cardano (ADA). ).
For comparison, Dogecoin (DOGE) is also down 3% despite strong purchasing activity whales.
Near Protocol (NEAR) is the worst performing coin in the top 20, down over 4%.
Pepe’s big month
According to data Powered by IntoTheBlock, 96% of all Pepe holders make a profit. It managed to become the most profitable bet among the major coins.
On May 27, the meme cryptocurrency reached a new all-time high of $0.00001717. It has fallen more than 12% since that headline-grabbing peak.
Pepe has come a long way since it first entered the top 100 in May 2023. Despite the growing competition in the meme coin sector, it has become the third largest meme coin with a valuation of over $6.3 billion.
Meanwhile, Polymarket users are bet on whether Pepe will manage to beat Solana-based dogwifhat to $10 billion first.
About the Author
Alex Dovbnya
Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience covering everything related to this booming industry, from price analysis to blockchain disruption. Alex has authored over 1,000 articles for U.Today, CryptoComes and other fintech media. He is particularly interested in regulatory trends across the world that are shaping the future of digital assets. He can be contacted at alex.dovbnya@u.today.