As a seasoned crypto investor with over a decade of experience in this wild and unpredictable market, I must admit that the recent surge of meme cryptocurrencies like Pepe (PEPE) has caught my attention. The fact that it outperformed XRP in daily trading volume is nothing short of astonishing!
The meme-based cryptocurrency known as Pepe (PEPE) surpassed the daily trading volume of Ripple (XRP), as shown by information from CoinGecko.
Over the last day, the combined trading volume for these two cryptocurrencies amounts to approximately $1.089 billion and $782 million respectively.
As a crypto investor, I can’t help but notice that Pepe seems to be leaping past Dogecoin (DOGE) in terms of its progress. Despite Dogecoin recording an impressive $543 million in trading volume, the excitement and potential growth surrounding Pepe are truly captivating.
As an analyst, I find it noteworthy to highlight that Shiba Inu (SHIB), a prominent meme cryptocurrency, recorded a relatively modest trading volume of $236 million. This figure falls short compared to its position as the second-largest meme coin by market capitalization. Interestingly, Litecoin (LTC) and Chainlink (LINK) have surpassed SHIB in this aspect, indicating potential shifts in market dynamics.
In third position among meme coins built on the Solana network, Dogwifhat (WIF), boasts a notable trading volume of approximately $426 million.
According to ex-Goldman Sachs analyst Murad Mahmudov, robust meme tokens built on the Solana platform are consistently experiencing a surge in long-term investors, often referred to as ‘diamond hands.’ This trend heightens the likelihood of dramatic, upward price surges.
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2024-09-10 23:59