The meme market has witnessed massive ups and downs in May where some coins made millions for holders and some led investors to significant losses amid high volatility. One popular meme coin has witnessed tremendous upside momentum, creating a new all-time high and displaying consistent gains despite many meme coins facing a price consolidation due to broader market impact.
Let’s explore the performance statistics of the frontrunner among memecoins, PEPE, leading the meme market and turning the capital funnel toward its brighter prospects.
PEPE Price Storms Up With 40% Spike
Pepe is playing a pivotal role in fueling the meme market with buzz. The memecoin has witnessed a ground-breaking upsurge of 95% on the monthly chart and 41% on the weekly timeframe. Trading above the solid support level of 0.00001665 with bullish signals by 50-day and 200-day SMAs, PEPE memecoin is set to witness more gains in the next few days.
PEPE has established itself as the top buy for the anticipated meme frenzy in summer. Making a new all-time high at $0.00001722 has led investors to fill the bags with PEPE in anticipation of further price breakouts, evidenced by $3.5B trading volume on the memecoin. At this point, both sides for PEPE are possible as traders might want to cash out profits amid fears of price consolidation.
What Was Behind PEPE’s Record Success
PEPE’s price surge is attributed to several financial and market factors. The meme coin is an ERC20 token and the recent Ethereum ETF approval hype significantly contributed to its momentum. Moreover, the recent integration of PEPE on Nexo has also played a pivotal role in PEPE’s upswing as the transactions for the frog-themed memecoin are made easier with Apple Pay or Google Pay
Investors are flocking toward PEPE to take low-entry positions as analysts are voicing optimism for the memecoin in the upcoming days. According to reports, a whale drew $4.26 million worth of PEPE tokens from Binance fueling a bullish sentiment. These developments and investor confidence have led the memecoin to gain prominence in the meme sector.
DTX Exchange Creates Headlines With $570k Presale
Among the best-emerging exchanges, DTX Exchange (DTX) holds a solid position after its astonishing performance in 2024. The project has raised a massive $570,000 in round 2 of the public presale and shows no signs of stopping soon. Global investors are exploring the groundbreaking features of DTX Exchange aimed at transforming traditional trading schemas.
– 1000x leverage feature: The 1000x leverage feature of DTX helps traders gain higher market positions with low capital and profit maximization.
– Automated Trading: With the lightning-fast 0.04 TPS platform of DTX, traders can enjoy a robust experience with advanced automated trading strategies to leverage high gains despite market volatility.
– Blockchain L1 Technology: DTX Exchange utilizes blockchain L1 solutions to provide traders with fast and secure trading experience, combined with no-KYC and non-custodial wallets.
Speaking of many other ground-breaking offerings by DTX Exchange, it emerges as an all-in-one trading solution, providing lucrative opportunities. DTX token is expected to skyrocket above $1 from its current low price of $0.04 after the mainnet launch, emerging as a top choice for investors this summer.
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