The exchange rate of the Pepe meme token (PEPE) increased by almost 70% over the week – $0.000000942 to $0.000001585. According to CoinGecko, over the past 24 hours, the “frog” cryptocurrency has grown by more than 10%, by 68% in a week, reports RBC Crypto.
The Pepe coin, one of the youngest in the memcoin category, was created in honor of the popular cartoon frog named Pepe on the Internet. The cost of such joke coins primarily depends on the mood of investors, and prices for them, as a rule, grow rapidly when positive news appears on the market and the leading assets by capitalization rise in price.
On the evening of June 21, the bitcoin rate rose to $30.6 thousand for the first time in two months. This was facilitated by the fact that large investment companies such as Valkyrie, BlackRock, WisdomTree, Invesco and Bitwise applied to register Bitcoin spot ETFs.
At the time of writing, BTC is trading at about $30,000. After the first cryptocurrency passed this mark, the index of fear and greed of crypto market participants left the neutral zone and indicates the prevalence of “greed” in investor sentiment. For two days in a row, he keeps at around 65 points out of 100.
The largest of the meme cryptocurrencies – Dogecoin (DOGE) and Shiba Inu (SHIB) – have also shown growth in recent days. Over the week, they have risen in price by 7.8% and 16.5%, respectively.
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