PEPE, has emerged as the most profitable cryptocurrency among the top contenders, even in the face of a recent decline. Despite the downturn, PEPE’s price has surged by an astonishing 900% on a year-to-date (YTD) basis, outperforming notable meme coins like Dogecoin (DOGE) and Shiba Inu (SHIB).
Data from IntoTheBlock reveals that PEPE’s 90% return recorded this month has placed 96% of its holders in profit. This impressive performance has solidified the frog-themed meme coin’s position as the most profitable crypto among its peers.
Over the last month, PEPE’s price saw a significant upward trajectory, contributing to substantial long-term gains. In the last 24 hours alone, PEPE’s price increased by 116%, adding to its already remarkable performance. The recent surge has led to a 300% gain over the past 90 days.
However, PEPE’s price did experience a drop of nearly 13% in the last 24 hours following a massive rally that saw it reach a new all-time high (ATH). Currently, PEPE is trading at an average price of $0.0000145, down 15% from its ATH of $0.00001718, recorded on May 27, 2024. Its 24-hour trading volume has increased by 17%, standing at $2.33 billion, with a market cap of $6.12 billion.
Comparing Other Meme Coins
While PEPE has enjoyed significant gains, other major meme cryptos have also seen positive performance, though not to the same extent. Dogecoin (DOGE), the largest meme coin, has experienced a 30% increase in the last 90 days. Despite this growth, DOGE’s performance falls short when compared to PEPE’s meteoric rise.
DOGE’s price is up by 81% on a YTD basis, trading at an average price of $0.162. It boasts a 24-hour trading volume of over $1.3 billion and a market cap of $23.4 billion. Despite these impressive figures, DOGE has not managed to outshine PEPE.
Similarly, Shiba Inu (SHIB) has also lagged behind PEPE in terms of performance. SHIB has seen a 157% increase on a YTD basis and is currently trading at an average price of $0.000026. Although SHIB’s gains are notable, they do not match the profitability that PEPE holders have enjoyed.
One meme coin that might have outperformed PEPE over a longer timeframe is Dogwifhat (WIF), which has surged by an incredible 2186% on a YTD basis. The Solana memecoin sector also remains strong, with tokens like $WALTER and $MICHI experiencing significant pumps. Additionally, the trend of celebrities creating and promoting their own tokens has added to the dynamic and ever-evolving crypto market.