Geopolitical concerns led to massive chaos across the entire financial industry yesterday. Not only did the US stock market suffer a $2 trillion crash, but the cryptocurrency market was also hit very hard. However, Pepe (PEPE) recovered as much as 24%, as it led the meme coin market's double-digit recovery.
Geopolitical concerns sent the entire financial industry reeling on Monday. Not only did the US stock market suffer a $2 trillion crash, but the cryptocurrency market was also hit hard. However, one prominent meme coin, Pepe (PEPE), has increased by 24%, leading the double-digit recovery of the meme coin market.
Geopolitical concerns sent the entire financial industry reeling on Monday. Not only did the US stock market suffer a $2 trillion crash, but the cryptocurrency market was also hit hard. However, one prominent meme coin, Pepe (PEPE), is up 24%, leading the meme coin market's double-digit rally.
According to data from Coingecko at the time of writing, PEPE has increased by more than 20% in the past 24 hours. However, this token still has a long way to go to recover all of yesterday's losses. In the past seven days, PEPE has seen a decrease of up to 31%.
According to data from Coingecko at the time of writing, PEPE has increased by more than 20% in the past 24 hours. However, this token still has a long way to go to recover all of yesterday's losses. Over the past seven days, PEPE has seen a decline of up to 31%.
PEPE and other meme coins recover from crypto market crash
PEPE and other meme coins recover from crypto market crash
The cryptocurrency market suffered a major crash on Monday. Driven by general interest in the stock market, many tokens have seen sharp price drops. Although some coins have recovered, the gains have not been significant. For example, Bitcoin only recovered 5%, reaching a price of $54,966.
The cryptocurrency market suffered a major crash on Monday. Driven by general interest in the stock market, many tokens have seen sharp price drops. Although some coins have recovered, the gains have not been significant. For example, Bitcoin only recovered 5%, reaching a price of $54,966.
This was not true for Pepe and other meme coins, which surged as much as 24% and led a significant rally for the industry. The token reached a high of $0.000000767 on Tuesday. Furthermore, its market capitalization still remains quite high.
The same was not true for Pepe and other meme coins, which surged as much as 24% and led a significant rally for the industry. The token reached a high of $0.000000767 on Tuesday. Furthermore, its market capitalization remains quite high.
PEPE's total market value remains above $3.1 billion. Additionally, that number is up just over 13% in the past day. PEPE's rival BONK also shows signs of revival. Solana cryptocurrency is up as much as 18% after the market downturn that began the week.
PEPE's total market value remains above $3.1 billion. Additionally, that number is up just over 13% in the past day. PEPE's rival BONK also shows signs of revival. Solana cryptocurrency is up as much as 18% following the market downturn that began the week.
New market entrant Dogwifhat (WIF) also witnessed a reversal. The token jumped as much as 14% on Tuesday, despite falling 40% in the past week. In the end, the Shiba Inu (SHIB) proved to be the big winner. The second largest meme coin by market capitalization is up as much as 18% on the day. Currently, its market capitalization is approaching the $8 billion mark.
New market entrant Dogwifhat (WIF) also saw a reversal. The token jumped as much as 14% on Tuesday, despite falling 40% in the past week. In the end, the Shiba Inu (SHIB) proved to be the big winner. The second largest meme coin by market capitalization is up as much as 18% on the day. Currently, its market capitalization is approaching the $8 billion mark.
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