$PEPE
The "PEPE" currency is considered one of the "meme" cryptocurrencies that was launched in 2023 and gained rapid fame after being listed on major trading platforms like Binance, but it has been characterized by sharp price fluctuations. After its listing, its price skyrocketed (nine times in a short period) due to a wave of "FOMO" (fear of missing out) and media attention, then it experienced a significant drop, losing more than 80% of its value at one point.
In terms of comparing it to other "meme" coins like Shiba and to a lesser extent Floki, the sharp upward trend is not unprecedented, but it is rare for a similar coin to reach market values in the tens of billions as Shiba did at the peak of the last bull market.
Key points about the PEPE coin:
Extreme volatility: The currency's price has undergone strong waves of rise followed by sharp corrections, due to speculation and weak economic fundamentals like other meme coins.
Dependence on speculative waves: There are no strong technological projects behind the currency compared to serious coins; most of its activity is driven by rumors and speculation.
Its market value previously exceeded $4 billion, which made it the talk of the markets, but this does not guarantee continued performance at the same strength or reaching new peaks easily
