PEPE Surpasses $10B, Flips Litecoin

PEPE, the frog-themed meme coin, has achieved a major milestone, surpassing a $10 billion market cap for the first time. This achievement follows a notable price surge that pushed PEPE past Litecoin in market cap rankings, placing it among the most valuable cryptocurrencies. Increased network activity has been a key driver of this growth, with rising demand for the token fueling its climb.

Network activity metrics reveal a surge in engagement, with more active wallets and first-time users interacting with PEPE. These indicators highlight growing interest in the meme coin, which has now reached a higher rank in the crypto market standings. This increased engagement suggests bullish momentum, with the potential for further growth if the trend continues.

On the technical side, the Moving Average Convergence Divergence (MACD) indicator has shifted to a bullish position, signaling potential upward movement. The shorter-term moving average has crossed above the longer-term one, suggesting that PEPE could break through key resistance levels if buying pressure remains strong. This could pave the way for further gains and potentially a new all-time high.

However, challenges remain. If selling pressure intensifies, PEPE’s price may fall back to previous support levels, and its market cap could dip below the $10 billion mark. Investors should watch for shifts in demand and trading activity to gauge the coin’s trajectory.

The rise of PEPE underscores the growing influence of meme coins in the crypto space. While their volatility remains high, increased adoption and network engagement show they are becoming a significant part of the market landscape.