Popular memecoin PEPE is currently soaring as it attempts to pull off a market recovery. In a week marred by losses of varying sizes, the hottest coin of the meme season was not exempted, losing 46.1% of its market value within this period.
The past week was quite bearish for the entire market as the total crypto market cap dropped by $64 billion to a current value of $1.170 trillion. Bitcoin, the market leader, did share most of the headlines with PEPE, as its market price crashed by almost 9% to trade below $27,000 for the first time since March.
Although the CPI announcement on Wednesday did provide some boost to the premier cryptocurrency, it could not match the momentum of the market bears as Bitcoin currently trades around $26,815. However, PEPE, on the other hand, seems to have found support and has re-embarked on its bullish course.
PEPE Notches 28% Gain, Emerges Biggest Daily Gainer
According to data from Coingecko, PEPE has surged by 28% in the last 24 hours, emerging as
We współpracy z: https://www.newsbtc.com/analysis/pepe/pepe-attempts-market-rebound-surges-by-28-in-24-hours/
