PepeCoin (PEPECOIN): Price Analysis, Market Data, and Future Outlook

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PepeCoin (PEPECOIN) is a cryptocurrency token built on the Ethereum blockchain. As of today, its price stands at $0.3245, reflecting a 24-hour trading volume of $134,243. The token opened at $0.3199 and is currently trading 1.45% above its opening value. While it briefly rallied to $0.3246, it struggled to maintain upward momentum. Over the past 30 days, PepeCoin has experienced a decline of 34.60% from its peak but has also seen a 12.03% increase from its lowest point in the same period.

With a circulating supply of 106,425,379 coins, PepeCoin holds the #511 rank in market capitalization, which currently totals $34,535,035. The token is traded on three major exchanges, providing liquidity and accessibility for traders and investors.

Current Market Performance

PepeCoin's price dynamics reveal both challenges and opportunities. The 24-hour trading range has been between $0.3158 and $0.3284, while its 52-week range spans from $0.2896 to $5.87. The all-time high for PEPECOIN was $7.22, meaning the current price represents a significant drop of 95.50% from that peak.

Key Performance Metrics

Compared to Bitcoin (BTC) and Ethereum (ETH), PepeCoin has shown mixed results. Over the past week, it gained 6.00% against BTC and 8.00% against ETH, indicating relative strength in the short term despite longer-term declines.

Market Capitalization and Fully Diluted Valuation

Market capitalization is calculated using the circulating supply multiplied by the current price. For PepeCoin, this stands at $34,535,035. The fully diluted valuation (FDV) considers the total supply (or maximum supply if total is unavailable) at the current price, offering a perspective on potential market size if all coins were in circulation.

Visualizations often compare PepeCoin's market cap to other cryptocurrencies, using multipliers like x2 or x10 to illustrate potential growth scenarios. This helps investors contextualize its position in the broader crypto landscape.

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Trading Volume and Market Depth

Trading volume for PepeCoin over the past 24 hours was $134,243, spread across three exchanges. Market depth, which shows buy and sell orders within +/-2% of the current price, provides insight into liquidity and potential price stability or volatility.

Wealth Distribution and Token Holders

Understanding the distribution of PepeCoin among holders is crucial for assessing market concentration. The top 10 addresses hold 43.14% of the total supply, indicating significant concentration. The breakdown is as follows:

It's important to note that some of these top addresses may belong to exchange wallets, which hold coins on behalf of multiple users.

Blockchain Statistics

Technical Analysis and Indicators

Technical indicators provide insights into market sentiment and potential price movements. Key metrics for PepeCoin include:

Momentum Indicators

Moving Averages

Short-term moving averages suggest buying opportunities, while longer-term averages indicate selling pressure:

Longer-term averages (50, 100, 200 days) consistently signal selling opportunities, reflecting the token's downward trend over recent months.

ROI and Volatility

PepeCoin's return on investment (ROI) has been negative across all measured periods:

Volatility metrics were not available for the same periods, but the significant ROI declines suggest high volatility and substantial risk.

Recent News and Market Sentiment

Recent coverage highlights PepeCoin's resilience amid broader meme coin declines. For instance, it gained over 25% in a week while other meme cryptocurrencies retreated. Analysis often points to key resistance levels, such as $0.000015, with potential targets near $0.000018.

Other news includes the launch of new tokens like $PEPU, which raised $70 million in its presale, positioning itself as a revamped version of PepeCoin with its own Layer 2 and high yields. Such developments could impact investor perception and market dynamics for existing tokens like PEPECOIN.

Frequently Asked Questions

What is PepeCoin's current market capitalization?
PepeCoin's market cap is $34,535,035, ranking it #511 among cryptocurrencies. It reflects the total value of all circulating coins at the current price.

Where can I buy PepeCoin?
PepeCoin is available on three exchanges. You can find a complete list of trading platforms that support PEPECOIN through major crypto market data websites.

How does PepeCoin's wealth distribution affect its market?
With the top 10 addresses holding 43.14% of the supply, there is significant concentration. This can lead to higher volatility, as large holders potentially influencing price movements through substantial trades.

What is the all-time high for PepeCoin?
PepeCoin reached its all-time high of $7.22 in 2024. The current price is down 95.50% from that peak, reflecting the volatile nature of meme-inspired cryptocurrencies.

How many PepeCoin tokens are in circulation?
The circulating supply is 106,425,379 PEPECOIN. This number can change slightly over time due to network activity but generally remains stable.

What blockchain is PepeCoin built on?
PepeCoin is an ERC-20 token built on the Ethereum blockchain, leveraging its security and infrastructure for transactions and smart contracts.

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Conclusion

PepeCoin represents both the opportunities and risks associated with meme cryptocurrencies. While it has shown short-term resilience and occasional gains, its long-term performance has been challenging, with significant declines from all-time highs. Investors should carefully consider factors like market concentration, technical indicators, and broader market trends before engaging with PEPECOIN. As always, thorough research and risk management are essential in the volatile crypto market.