Pepe Coin Bucks Trend with 12% Surge, Outpacing Dogecoin, Shiba Inu — Can PEPE Reach $1?

Pepe Coin (CRYPTO: PEPE), a budding meme-based cryptocurrency, has taken the market by surprise with a 12% surge in value over the past 24 hours, outpacing gains made by other meme coins such as Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB). What Happened DOGE and SHIB experienced marginal gains of 1.85% and 1.65% respectively.

Timeline of Dogecoin, Pepe, Shiba-inu

Dogecoin price is gaining pace on Friday bolstered by a renewed bullish outlook across the market, thanks to the discussions around the approval of the first Ethereum futures ETFs set to start trading as soon as October 3. The largest meme coin has responded extremely well to the news alongside other major cryptos.

A major Shiba Inu (SHIB) whale marked as address 0x1406, has embarked on a strategy to divide their massive holdings into smaller, less conspicuous wallets. This has raised suspicions within the crypto community with some speculating that it may be an attempt to evade scrutiny.

With the month of September almost over, Halloween enthusiasts have already started picking out decorations for the scariest holiday of the year, but cryptocurrency traders have other things on their minds, such as predictions of the future price of Shiba Inu (SHIB).

The altcoin market has been facing a prolonged period of decline since the mid-July peak, resulting in a significant drop in trader interest for popular memecoins, on-chain analytics platform Santiment said on Wednesday. What Happened: Notably, meme coins such as Dogecoin (CRYPTO: DOGE), Dogelon Mars (CRYPTO: ELON), Pepe Coin (CRYPTO: PEPE), and Shiba Inu (CRYPTO: SHIB) have fallen off the radar for traders, exhibiting a reduced level of overall market attention, Santiment data shows.

Shiba Inu (SHIB) has been the talk of the crypto town lately, but not for reasons you might expect. While many were busy writing off SHIB as another meme coin destined for oblivion, the token pulled a fast one.

Pepe Coin (CRYPTO: PEPE) has stolen the limelight in the world of meme coins, showcasing impressive performance compared to its counterparts, including Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB). What Happened: Over the past 24 hours and even in the seven-day charts, PEPE has outperformed gains clocked by other popular meme coins.

Shiba Inu (SHIB) has been navigating turbulent waters in the crypto market since mid-April. With its price oscillating between the lows of $0.0000068 and the highs of $0.0000076, SHIB holders have been eagerly awaiting a breakout from this sideways movement.

Shiba Inu (CRYPTO: SHIB) was falling slightly during Wednesday's 24-hour trading session, in tandem with Dogecoin (CRYPTO: DOGE) amid continued fears about stubborn inflation, high interest rates and the state of the economy. While Bitcoin and Ethereum bounced briefly during the session before falling to trade flat, Shiba Inu was less volatile due to lower-than-average volume, which suggests a current lack of interest in the crypto.

The global reach of cryptocurrencies Shiba Inu and XRP will significantly increase to over 190 countries as a result of the partnership between cryptocurrency payment provider Wirex and on-ramp aggregator Onramper, which is expected to contribute to overall crypto adoption.

On September 26, the DOGE price showed significant buying activity at the $0.059 support level—a zone that has remained unbreached on a daily candle close for nearly a year. With the renewed buying pressure from this support, the buyers are likely to challenge the overhead resistance to reclaim higher ground.