Key takeaways

• PEPE is the worst performer amongst the highest 100 cryptocurrencies by market cap right this moment.

• The meme coin has misplaced greater than 10% of its worth because it continues to underperform. 

• PEPE might expertise additional dumping because the broader crypto market undergoes a correction.

PEPE loses greater than 12% of its worth right this moment

PEPE, some of the well-liked meme cash of the 12 months, has been underperforming over the previous few days. It recorded huge income a couple of weeks in the past however has been underperforming since reaching its all-time excessive worth of $0.000004354 12 days in the past.

The token is now down by greater than 65% from its all-time excessive and will proceed to dip decrease.

At press time, the value of PEPE stands at $0.000001506 per coin. Over the previous 24 hours, PEPE has misplaced roughly 12% of its worth, making it the worst performer amongst the highest 100 cryptocurrencies by market cap. 

Will PEPE return up quickly?

PEPE’s poor efficiency coincides with that of the broader cryptocurrency market. The token has been underperforming because it started to be listed on some main cryptocurrency exchanges.

The broader cryptocurrency market has been underperforming in latest days. At press time, the full cryptocurrency market cap stands at $1.12 trillion, down by lower than 1% to this point right this moment.

Bitcoin, the world’s largest cryptocurrency by market cap, can be underperforming, and is now buying and selling just under the $27k stage.

With the broader crypto market presently experiencing a poor run, PEPE might discover it robust to regain its all-time excessive worth within the close to time period.

The meme coin mania within the cryptocurrency house appears to have subsided in latest weeks. If the basics of the broader market enhance, PEPE might see its worth soar greater over the subsequent few weeks. Nonetheless, if the present market situations persist, PEPE might see its worth retest the all-time low stage of $0.00000002764 as soon as once more.