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Ethereum-based meme coin PEPE continues to rally, hitting a new all-time high on May 22nd, just a week after the previous peak.
Breaking all-time highs attracts more retail investors. Tokens hitting new peaks often drive even more interest and investment.
As meme coin mania continues, many wonder: could Pepe (PEPE) become the number one meme coin of 2024, or will this multi-chain meme coin take the lead?
Pepe price analysis
On May 22nd, PEPE’s price surged by 27% to reach a new all-time high of $0.00001422 within 24 hours, with its lowest and highest points during that time being $0.00001235 and $0.00001422, respectively. Currently, Pepe (PEPE) trades at $0.00001354, reflecting a 7% increase over the past 24 hours, according to CoinMarketCap data.
This surge appears to be driven by positive regulatory news, raising hopes for the approval of a spot Ether ETF. Such approval would make it easier for institutional investors to access Ethereum investment opportunities.
As PEPE continues its upward trend, it’s attracting more individual investors. This pattern of increased retail involvement often accompanies tokens reaching all-time highs, sparking more interest and investment.
Over the past week, month, and six months, PEPE has seen gains of 26%, 104%, and nearly 200%, respectively. With a current market cap of $5.62 billion and trading volume of $3.71 billion, PEPE is on a strong upward path.
If this growth persists, PEPE could potentially surpass Shiba Inu, currently the second-largest meme coin with a market cap of $15 billion. Such an achievement would be significant for both the PEPE community and the broader meme coin market.
The meme coin market as a whole has reached a substantial market capitalization of nearly $60 billion, with a daily trading volume exceeding $12 billion. PEPE has been one of the top-performing meme coins during this recent market surge, hitting a new all-time high after surging by almost 120% in the past month.
Experts predict that PEPE will continue to experience significant growth, potentially doubling or tripling in value over the next few weeks. Other meme coins, such as Milady Meme Coin (LADYS), have also seen significant gains of around 20% in the last 24 hours.
Meanwhile, BONK and FLOKI saw increases of 5.28% and 11.50%, respectively, during the same period. OG meme coins Dogecoin (DOGE) and Shiba Inu (SHIB) experienced modest gains of 2.60% and 2.28% over the past day.
Dogeverse (DOGEVERSE) – Next big meme coin to explode?
Dogeverse (DOGEVERSE) is gearing up to be one of 2024’s top meme coin presales, having already raised over $15 million. It’s now nearing the end of its presale phase, having hit its soft cap of $8.8 million a while back.
The big question now is whether the presale will sell out before the listing. Despite reaching its soft cap, there are still some tokens left as the hard cap stands at $17 million. You can explore the potential future of Dogeverse through our $DOGEVERSE price prediction.
Currently, Dogeverse is in a race to reach its hard cap before listing. With the high demand and potential, it’s likely to see a significant price surge upon launch, especially if the market experiences a short-term bull run. But for now, it’s just speculation for investors to consider before buying.
You can get Dogeverse tokens in exchange for various cryptocurrencies like ETH, USDT, BNB, MATIC, AVAX, BASE, and SOL, with the current price at $0.00031. As for how high it could go at launch, only time will tell. Alternatively, potential investors can visit our guide on how to buy Dogeverse tokens here.
Dogeverse stands out as the first multi-chain meme coin running on six chains simultaneously, including Ethereum, Solana, Base, Polygon, Avalanche, and BNB Chain. This allows presale investors to choose which chain to claim their tokens on, and users can easily transfer between chains without the hassle of stablecoins or buying different cryptos.
The goal is to create a connected community of doge enthusiasts where community, rewards, and fun come together. Dogeverse also offers staking, letting users stake their tokens right after purchase. Presale investors have already staked 30 billion DOGEVERSE, with a 53% APY. Currently, stakers receive 6088.28 $DOGEVERSE for each ETH block solved.
Although developed on Ethereum, the project will be multi-chain from launch. Dogeverse’s website mentions that token distribution will occur over the next two years. To participate in the $DOGEVERSE token presale, visit thedogeverse.com.
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