Meme coins have made a huge impact in the crypto world, becoming assets that everyone is exposed to in some way. Especially those on the Ethereum blockchain. Pepe The coin has demonstrated impressive growth, showing resilience despite market fluctuations.
As April comes to an end, attention turns to meme coin sector and PEPE, one of the highlights of this sector, attracted the attention of traders. The asset surged 53% last week, and the sudden rise was attributed to its listing on Coinbase International Exchange and Coinbase Advanced. Therefore, market sentiment around the coin remains optimistic.
As we reported as Koinfinans.com, PEPE is traded at approximately $0.000007525. Succumbing to general market sentiment, meme coin experienced a daily decline of 6%. According to Changelly, the meme coin is expected to change this momentum in the last week of April. The estimated price of the asset currently stands at $0.00001119 on April 30. This projection represents an impressive 49% increase from current levels.
While meme coins continue to increase their dominance in the market, Ethereum-based assets in particular are setting this trend. While other sectors such as gaming and artificial intelligence tokens remain in the background, meme coins have dominated the market in 2024. Additionally, the sudden rise in the Solana meme coin market indicates a significant shift in the ecosystem.
Assets such as PEPE have been subject to great criticism regarding the benefits they provide. However, the total market capitalization of meme coins is more than $54 billion and the daily trading volume is as high as $6.2 billion. Even though the price is currently in a downtrend, it holds great potential for meme coins in the near future.
