Pepe Price Outperforms Dogecoin, Shiba Inu, and Bonk Heading Into ‘Uptober
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Pepe ($PEPE) is rocketing past Dogecoin ($DOGE) today as meme coin markets ballooned a staggering 17.9% in the last 24 hours to post a collective market cap of $55.6 billion.
Pepe advanced 15% overnight and 26% over the week to trade at $0.00001049 at the time of writing. Meanwhile, Dogecoin posted intraday gains of 7.8% and intraweek gains of 15.4% to hit $0.1237.
Few of the blue chip meme coins can match Pepe’s pace today, although Shiba Inu ($SHIB) comes close. Shiba Inu blew up 14% overnight; over the week it trounces Pepe with seven-day gains of 35% as it trades at $0.00001949.
Bonk ($BONK) and Floki ($FLOKI) ran a close race. Both coins have market caps slightly north of $1.5 billion and both advanced 12.5% overnight and about 23% over the week.
DogWifHat ($WIF), the fourth largest coin by market cap at $2.3 billion, posted muted gains of 7% overnight but a sizeable 29% increase over the week to trade at $2.37.
Pepe may be one of the best-performing in the sector right now, but there are several indications that it’s due to cool off soon.
Firstly, it’s ascent has resulted in a near vertical rise over the last two days as indicated by the white arrow, which shows a Pepe price prediction made three days ago.
That means Pepe is now close to retesting its late-July resistance level of $0.000012.
After a rally this quick, Pepe’s relative strength index (RSI) is falling from 77, which indicates the asset is overbought right now but even if the selling momentum turns into a general sell-off, Pepe is likely to hold its ground at its current level.
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