Key factors to recollect
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PEPE is the worst performer among the many prime 100 cryptocurrencies by market capitalization at this time.
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The coin meme has misplaced over 10% of its worth because it continues to underperform.
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PEPE might expertise additional dumping because the broader crypto market undergoes a correction.
PEPE loses greater than 12% of its worth at this time
PEPE, probably the most widespread cash of the 12 months, has underperformed in current days. It posted huge earnings a number of weeks in the past, however has underperformed since hitting its all-time excessive of $0.000004354 12 days in the past.
The token is now down greater than 65% from its all-time excessive and should proceed to say no.
At press time, the worth of PEPE stands at $0.000001506 per coin. Up to now 24 hours, PEPE has misplaced round 12% of its worth, making it the worst performer among the many prime 100 cryptocurrencies by market capitalization.
Will PEPE return up quickly?
PEPE’s poor efficiency coincides with that of the broader cryptocurrency market. The token has been underperforming ever because it began to be listed on some main cryptocurrency exchanges.
The broader cryptocurrency market has underperformed in current days. At press time, the overall cryptocurrency market capitalization stands at $1.12 trillion, down lower than 1% thus far at this time.
Bitcoin, the world’s largest cryptocurrency by market cap, can also be underperforming and is now buying and selling slightly below the $27,000 degree.
With the broader crypto market at present experiencing a foul run, PEPE might wrestle to regain its near-term all-time excessive worth.
The meme coin mania within the cryptocurrency area appears to have eased in current weeks. If broader market fundamentals enhance, PEPE may see its worth skyrocket within the coming weeks. Nevertheless, if present market situations persist, PEPE might even see its worth retest the all-time low of $0.00000002764 once more.
