Pepe Coin Flips Uniswap & Polygon in Market Cap

Pepe Coin Surges Past Uniswap and Polygon, Becoming the Third-Largest Meme Coin

On Monday, the market capitalization of Pepe Coin surpassed both Uniswap and Polygon, propelling it to the third-largest meme coin by market cap.

Optimism in the Crypto Sector

Since last week, the crypto sector has witnessed a wave of optimism. Price recoveries and upward trends have attracted investor interest in various altcoin sectors. Pepe (PEPE) has emerged as a prime focus in the meme coin sector, continuing its upward rally from last week with a 79.94% increase.

Surpassing Uniswap and Polygon

According to CMC data, Pepe has surpassed Uniswap, the native token of the leading DEX Uniswap, in market capitalization. With an impressive market cap of approximately $7.1 billion, Pepe now ranks above Uniswap, whose market cap stands at $6.6 billion. Pepe also overtook Polygon, whose market cap declined slightly below that of Pepe.

Monumental Growth over the Month

Over the past month, Pepe has exhibited significant growth, climbing from $0.000006094 to $0.00001683. With a monthly price performance of a positive 124.45%, Pepe has become the third-largest meme coin in the market, according to TradingView data.

Is Pepe a Strong Altcoin Contender?

In the past 24 hours, the Ethereum-based meme coin has become the third Top Gainer of the day. At the time of writing, Pepe is trading at $0.00001683, after briefly reaching a new all-time high of $0.000017 during the day.

The frog-themed meme coin has increased in market price by 12.26% in the past 24 hours, with its daily trading volume surging by 51.39% to $2.7 billion. Pepe has broken through resistance levels at $0.00001359 and $0.00001570.

PEPE/USDT Daily Trading Chart (Source: TradingView)

Dogecoin, Shiba Inu, and Pepe Dominate Memecoin Rankings

DOGE, SHIB, and PEPE are the only three memecoins ranked among the top altcoins. Pepe's recent price rally has elevated it to the third-largest meme coin. On May 23, it surpassed Dogecoin (DOGE) in trading volume, reaching $3 billion.

Shiba Inu's Price Dip

Shiba Inu has recently experienced price declines and is currently trading around $0.0000245. Despite its second-place ranking, its market cap is double that of Pepe, at $14M. If Pepe's price rally continues, it could potentially challenge SHIB's position.

Whale Interest and Price Predictions

Whales and investors have shown increased interest in Pepe as its price rally continues. According to LookOnchain, an anonymous wallet with address 0x4d15 realized a 2651% ROI by liquidating their Pepe holdings for $663K.

Analysts and crypto experts attribute the price rally to the buzz around spot ETH ETFs and Pepe's simplified liquidation process. Price predictions suggest that Pepe could soon reach $0.00005.

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