<\/p>\n
- \n
- PEPE\u2019s price was up by more than 4% in the last 24 hours.\u00a0<\/span><\/em><\/li>\n
- Most metrics and market indicators were bullish on the memecoin.\u00a0<\/span><\/em><\/li>\n<\/ul>\n
Pepe [PEPE]<\/span><\/a> has returned to the limelight following a major drop in price and market capitalization. The memecoin showed a major bullish signal, which could help it regain the market cap that it lost over the past few months.<\/span><\/p>\n
\nRealistic or not, here\u2019s<\/span> PEPE market cap in BTC\u2019s terms<\/span><\/a>\u00a0 \u00a0<\/span><\/p>\n
\nPEPE\u2019s might recover soon<\/b><\/h4>\n
PEPE is one of those infamous memecoins that has witnessed multiple ups and downs in its journey since its inception. It even managed to once cross the $1 billion mark in terms of market capitalization, but it swiftly shed its value. <\/span><\/p>\n
The downtrend made it the talk of the town as investors started to sell their holdings in the recent past. <\/span><\/p>\n
However, things have now changed as a major bullish indicator turned in<\/span> PEPE<\/span><\/a>\u2019s favor. As per LunarCrush\u2019s data, the memecoin\u2019s Galaxy Score was only second to that of Bitcoin [BTC]<\/a>, suggesting that the memecoin might soon kickstart a bull rally.<\/span><\/p>\n
\n
TOP 15 coins by @LunarCRUSH<\/a> Galaxy Score<\/p>\n
Galaxy Score is a proprietary score that is constantly measuring crypto against itself with respect to the community metrics pulled in from across the web#BTC<\/a> $BTC<\/a> $PEPE<\/a> $CRO<\/a> $INJ<\/a> $VRA<\/a> $SAND<\/a> $EGLD<\/a> $RNDR<\/a> $GMX<\/a> #1INCH<\/a> $SHIB<\/a> $APT<\/a> $SOL<\/a> $FET<\/a>\u2026 pic.twitter.com\/bAkFElJGw4<\/a><\/p>\n
\u2014 \ud83c\uddfa\ud83c\udde6 CryptoDiffer \u2013 StandWithUkraine \ud83c\uddfa\ud83c\udde6 (@CryptoDiffer) October 14, 2023<\/a><\/p>\n<\/blockquote>\n
In fact, the memecoin\u2019s bulls had already entered the market as its daily chart turned green. According to<\/span> CoinMarketCap<\/span><\/a>, the coin was up by more than 4% in the last 24 hours. At press time, it was trading at $0.0000006755 with a market cap of over $264 million. <\/span><\/p>\n
A look at the memecoin\u2019s metrics revealed what was supporting the surge. Selling pressure on the coin has dropped in the recent past, as evident from the spikes in its Exchange Outflow. <\/span><\/p>\n
On top of that, the memecoin\u2019s Supply outside of Exchanges flipped its supply on exchanges on 15 October. But the whales\u2019 confidence in PEPE was low as its supply held by top addresses dropped slightly last week.<\/span><\/p>\n
![\"\"](\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/10\/Pepe-PEPE-17.29.37-15-Oct-2023.png\")
<\/a><\/p>\nSource: Santiment<\/p>\n<\/div>\n
- Most metrics and market indicators were bullish on the memecoin.\u00a0<\/span><\/em><\/li>\n<\/ul>\n
![\"\"](\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/10\/Pepe-PEPE-17.31.24-15-Oct-2023.png\")
![\"\"](\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/10\/PEPEUSDT_2023-10-15_17-33-47.png\")