- Pepe Coin outpaces Shiba Inu in growth rate.
- PEPE reached a $1 billion market cap in 19 days.
- The trending meme coin is down by 65.5% since its all-time high.
Meme coins, which frequently feature popular creatures such as cats and dogs, have been a common presence in the cryptocurrency sector. Pepe Coin, a new player in this arena, has recently debuted, grabbing engagement with its outstanding price performance. Early Pepe Coin investors saw substantial gains ranging from hundreds to millions of dollars.
On May 5, 2023, PEPE reached an all-time high of $0.000004354. However, Pepe Coin has plummeted by 65.4% since its all-time high. According to the crypto analytics platform Messari, PEPE has exhibited a skyrocketing growth rate in comparison to Shiba Inu and other popular meme coins.
Pepe Coin outpaces other meme coins in growth
Messari has released a report stating that the average value per holder for PEPE, calculated based on the market cap value per holder, exhibits a growth pattern that is comparable to SHIB but with a faster pace.
Additionally, a tweet has been circulating on Twitter, showing the quick growth of PEPE to a $1 billion market cap. The data from the tweet shows that PEPE just took 19 days since its inception to reach a billion-dollar market cap.
Shiba Inu and Dogecoin, on the other hand, took 279 days and 2585 days, respectively. This data denotes the staggering growth of the new meme coin over a span of a few days. Even though PEPE has attained such feats, it should also be noted that these coins are extremely volatile and should be dealt with with caution.
