5 Reasons Why Pepe (PEPE) is a Must Invest Right Now

Bittime - Pepe (PEPE) has just hit its all-time high, continuing a positive trend that has been ongoing for the past three months.

This makes PEPE one of the most actively traded assets on the Binance (BNB) platform. This article will discuss, 5 Reasons Why Pepe (PEPE) Coin is a Must Invest Right Now.

Pepe Becomes the Asset with the Highest Trading Volume

Data from Binance shows that Pepe was among the most actively traded assets in the last 24 hours.

Previously, Pepe was ranked fifth as the meme coin with the most trading volume. However, based on the latest data, Pepe fell to seventh position, despite experiencing a 16% increase in trading volume in the last 24 hours.

Bonk [BONK] has now surpassed Pepe and is ranked sixth, with a surge in trading volume of more than 22% in the same period.

Check Today's Crypto Market:

Pepe Soars More Than 20%, Hitting Highest Peak Since March

Pepe's price experienced a significant increase on May 20, jumping more than 20%. This increase takes Pepe into a new price range and marks the highest jump since March.

Source: Ambcrypto 

Specifically, Pepe's price rose by 24.56%, from around $0.000009 to $0.000011, reaching an all-time high. At the time of writing, Pepe is trading around $0.000011, despite a slight decline of 2.7% from its peak.

This price increase signals a significant positive move for Pepe, and will likely attract the attention of crypto investors and traders.

Pepe as a Safe Investment Asset Currently

Based on data analysis from Coinglass, Pepe has recently experienced a significant increase in Open Interest, reaching its highest level in recent times.

This signals a large cash inflow into the asset, indicating investor optimism for Pepe's future.

AMBCrypto, a renowned cryptocurrency analysis platform, corroborated this finding by showing a graph showing Pepe's Open Interest rising to over $121 million at the time of writing this article. This spike indicates increasing trader interest and participation in Pepe.

Furthermore, volume analysis on Santiment revealed a significant spike in Pepe's trading volume, with volume increasing to over $2.3 billion. This shows high trading activity and great investor interest in Pepe.

Check Price:

The number of Pepe holders has increased

Based on monitoring in the last 24 hours, there has been a slight increase in the number of Pepe holders. It is known that the number of Pepe holders has increased by around 270 people.

As of May 20, there were 221,540 Pepe holders. This figure has increased to 221,830 when this article was written.

It should be remembered that this increase is relatively small, but shows a positive trend in the number of Pepe holders.

Also read: LIDO (LDO) Price Prediction 2024-2028: Will LDO Go Up?

The Rise of Meme Coins

The meme token market, both old and new, showed a continued growth trend over the past week.

Not only PEPE, Base Pro Shops recorded the most significant increase with a price jump of 148%. United Base Postal and Higher followed closely behind with increases of 130% and 81% respectively.

On the other hand, Dogecoin (DOGE), the king of meme coins, saw an increase of 5% in the last 24 hours and 13% in a week.

Meanwhile, Shiba Inu showed flat movement today, but recorded an 8% increase in trading volume in the week.

PEPE became the leading gainer among the top meme coins with a daily growth of 23% and a weekly surge of 18%.

PEPE/IDR Price Today

Quoted from Bittime trade data, PEPE experienced an increase of 22.83% on May 22 2024. Currently, PEPE is trading at Rp.0.21.68.

How to Buy Crypto on Bittime

You can buy and sell crypto assets in an easy and safe way via Bittime . Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.  

To be able to buy crypto assets on  Bittime , make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. Learn  Complete Guide How to Buy Crypto on Bittime . 

Monitor price chart movements of Bitcoin (BTC) ,  Ethereum (ETH) ,  Solana (SOL)  and other cryptos to find out today's crypto market trends in real-time on Bittime. 

Also Read:

Taiko L2 Ethereum: Is There Airdrop Potential Ahead?

10 Interesting Bitcoin Pizza Day Facts That Are Changing the Crypto Asset Landscape

Ryan Salame, Former FTX Executive, Faces 5-7 Years in Prison

DISCLAIMER : This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.