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Pepe Flips Litecoin in Market Cap, Grabs 21st Meme Coin Ranking

Pepe coin soars past Litecoin to rank 21st in market cap. Get insights on its 1,000% growth and future prospects.

3 minNovember 12, 2024

Highlights:

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Pepe surpasses Litecoin, ranking 21st in crypto market cap.

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Pepe achieves 1,000% yearly gain, surging 80% in one week.

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Future growth is uncertain as Pepe's volatility attracts profit-takers.

Pepe Flips Litecoin in Market Cap, Grabs 21st Meme Coin Ranking

Pepe’s recent surge has catapulted it ahead of Litecoin with $6.05B versus $5.97N in market cap. The meme coin’s price jumped 8.9% on Tuesday to reach $0.0000141, marking a stunning 80% gain over the past week and an incredible 1,000% increase this year. 

 

Why Meme Coins Draw Crowds

 

Meme coins often outshine traditional assets during rallies, enticing investors with low prices and high potential. Their volatility provides a unique thrill for those seeking high-risk, high-reward investments. 

 

In 2021, Shiba Inu transformed small investors into millionaires, climbing more than 1,000,000%. Many now look to Pepe, hoping for a similar ride to the top. However, these gains bring their own risks. Pepe’s sharp rise also raises the possibility of a steep fall when traders start cashing in profits. 

 

What Lies Ahead for Pepe?

 

 

Unlike Dogecoin and Shiba Inu, Pepe lacks major institutional backing, making it appear more unpredictable to larger investors. Analysts suggest that Pepe’s current momentum could push the price above the $0.0000142 pivot. 

 

The next major resistance level could arrive at $0.0000146, and a strong breakout might lead to $0.0000148. On the flip side, a drop below $0.0000142 could signal a turn for sellers, with support potentially at $0.0000140.

 

Whether Pepe continues climbing or faces a correction, this meme coin has already carved a place in crypto history. Its unpredictable nature ensures that traders will watch every move, ready for whatever wild swings come next.

 

 

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