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The meme coin market underwent major changes over the past few months. Despite Dogecoin (DOGE) and Shiba Inu (SHIB) dominating the space, both these assets failed to reclaim their peak during the final rally of 2024. Amidst this crowd of dog-themed meme cryptocurrencies, Pepe Coin (PEPE) managed to shine. The fairly new asset managed to record a new peak before it stepped into 2025. In December, the meme coin rose to an all-time high of $0.00002825. But the recent market crash has forced PEPE to trade 72% below this milestone. The real question is if the asset can step up and reclaim this high or even record a new one? Also Read: The Real Currency Set to Replace the U.S. Dollar Is Already Here A Look At Pepe Coin’s Current Market Source: Watcher.Guru Over the past couple of days, PEPE was seen struggling. The asset dropped by a staggering 13% during the last seven days. A similar sentiment was carried on throughout this week as well. At the time of writing, PEPE was trading at $0....

Memecoins Spikes In Gas Fees Meme coins ’ increased gas use can be related to their high volatility, which confuses and fuels speculation among traders. Notably, meme coins like Shiba INU have been at the forefront of this trend. Anticipation was high for the launch of Shibarium, an L2 scaling solution by Shiba Inu, and people expected significant price recovery for the coin. Despite its successful implementation, the native token’s price saw only a modest 2.67% increase since last week, leaving traders uncertain about the impact of Shibarium. advertisement Dogecoin, another well-known meme coin, has also faced fluctuating gas fees and price volatility, often influenced by Tesla CEO Elon Musk’s tweets and comments. Recent studies highlight that Dogecoin’s value plummeted to $0.07529 during a broader market correction in August 2023, but rebounded to $0.061963 later in the month, showcasing the rapid and speculative nature of the meme coin. ...

Dogecoin (DOGE) and Shiba Inu (SHIB) are the two memecoin heavyweights. They are the only two memecoins in the top 20 crypto projects by market cap. However, Pepe (PEPE) and Floki (FLOKI) are two alternate memecoins that might not be as famous as the two aforementioned assets but have the potential to be worthy contenders. PEPE is notorious for its massive rally upon its launch in mid-April this year. The token rallied by more than 6000% in just a matter of days. However, the token’s value has plummeted in the last couple of weeks. Floki, on the other hand, has a lot of developments to bring in more real-world use cases. However, which of the two will be the first to reach $0.01? That is a question that many fans and investors have on their minds. So, let’s dig deeper. Pepe vs. Floki: The $0.01 race To reach $0.01, both tokens would have to make some serious gains. For Pepe (PEPE), reaching $0.01 would mean a growth of 781150%. Meanwhile, for Floki (FLOKI), it would mean a growth o...

It has time and again been observed that meme coins have a limited correlation with Bitcoin [BTC] or other macroeconomic events. Instead, most of the meme coin rallies are driven by hype. For instance, during the peak of Shiba Inu [SHIB] in 2021, meme coins experienced increased trading volume. Similarly, with the recent launch of PEPE, trading volumes of these meme-inspired tokens are soaring. According to recent data by Dune Analytics, the crypto market witnessed $2.3 billion in meme coin trading volume last week. This is a six-fold increase from the previous week’s trading volume of $387 million. Additionally, it is also the highest trading volume recorded by meme coins since May 2021. Source It is not surprising that the rise was led by PEPE. The asset’s impeccable growth above the $1 billion market cap speaks volumes. The increased whale activity has surely added to the rising meme coin trading volume. The recent surge in meme coin trading volume was largely instig...