Pepe Coin (PEPE) has shown subtle market activity over the past 24 hours, reflecting its intriguing dynamics within the cryptocurrency landscape. Priced at $0.00001188, PEPE has experienced a modest 0.90% increase, suggesting a slight positive sentiment among traders and investors. This minor price movement indicates a period of stability, with a cautious yet optimistic outlook from market participants.
Pepe Coin’s market capitalization stands at $4,999,028,432, making it the 22nd largest cryptocurrency by market cap. This figure has seen a 0.77% increase in the last day, consistent with the minor rise in its price. The growth in market cap, albeit modest, suggests a steady level of investor confidence, likely supported by a strong community or favorable developments within the Pepe Coin ecosystem.
In the last 24 hours, Pepe Coin’s trading volume has reached $975,960,125, ranking it 10th in terms of volume. This represents a significant 13.65% increase, indicating a notable rise in trading activity. The volume-to-market cap ratio stands at 19.56%, providing insight into the liquidity and trading dynamics of Pepe Coin. This high ratio suggests a very active trading environment relative to its overall market cap, reflecting robust interest and engagement from market participants.
Pepe Coin’s circulating supply is 420,689,899,999,995 PEPE, which is the total supply of PEPE tokens. The circulating supply being equal to the total supply indicates that all of Pepe Coin’s tokens are already in the market. This characteristic can contribute to price stability, as there are no additional tokens waiting to be introduced into the circulation, minimizing the impact of future supply changes on the market.
Pepe Coin has a maximum supply cap of 420,690,000,000,000 PEPE, which is only marginally higher than the total and circulating supply. This finite supply characteristic can influence the long-term value and scarcity of Pepe Coin, making it a critical factor for investors and analysts to consider when assessing its potential for value appreciation.
The fully diluted market cap of Pepe Coin is reported at $4,990,154,549, aligning closely with its current market cap. This metric assumes that all possible Pepe Coin tokens are in circulation, providing a comprehensive view of the cryptocurrency’s valuation. The alignment between the current and fully diluted market cap indicates that nearly the entire supply is already in circulation, reinforcing the stability in supply dynamics.
The 0.90% price increase within a single day is a modest yet positive movement for Pepe Coin, suggesting a cautiously optimistic sentiment among traders and investors. This slight price change, combined with the stable market cap and significant trading volume, points to a period of relative stability and consistent interest in Pepe Coin. Such trends can be driven by various factors, including steady community support, strategic developments, or broader market conditions that maintain investor confidence.
Pepe Coin’s position as the 22nd largest cryptocurrency by market cap and its high trading volume highlight its substantial presence in the cryptocurrency market. Its characteristic of having a finite supply differentiates it from other cryptocurrencies with infinite supplies, impacting its market dynamics and long-term value prospects. As the maximum supply is almost reached, the value of Pepe Coin will be increasingly influenced by supply and demand forces, with its price reflecting investor sentiment and market trends.
The recent performance of Pepe Coin, characterized by its slight price increase and active trading, showcases the ongoing interest and engagement from the crypto community. Monitoring market trends and metrics is essential for making informed decisions, as Pepe Coin’s unique characteristics and market position continue to evolve. The combination of a substantial circulating supply, high trading volume, and stable market cap underscores Pepe Coin’s role as a prominent player in the cryptocurrency landscape.
Overall, Pepe Coin’s recent market dynamics reflect its steady importance and the positive sentiment surrounding it. The modest increase in price, market cap, and significant trading volume indicate a period of stability for Pepe Coin, driven by consistent investor interest and market trends. Understanding the factors influencing these changes and monitoring future developments will be crucial for stakeholders aiming to navigate the cryptocurrency market effectively.
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