{"id":326638,"date":"2024-06-19T18:44:00","date_gmt":"2024-06-19T13:14:00","guid":{"rendered":"https:\/\/dripp.zone\/news\/reasons-pepe-coin-outpacing-dogecoin-shiba-inu-in-june-crypto-news\/"},"modified":"2024-06-19T19:10:43","modified_gmt":"2024-06-19T13:40:43","slug":"reasons-pepe-coin-outpacing-dogecoin-shiba-inu-in-june-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/reasons-pepe-coin-outpacing-dogecoin-shiba-inu-in-june-crypto-news\/","title":{"rendered":"Reasons Pepe Coin Outpacing Dogecoin, Shiba Inu In June – Crypto News"},"content":{"rendered":"

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The cryptocurrency market is attempting a recovery on Wednesday after a week of persistent sell-side pressure that left investors counting hefty losses. CoinGecko<\/span><\/a> data shows a 1.2% increase in the cumulative market cap to $2.487 trillion, reflecting small increases in crypto prices. Select meme coins<\/span><\/a> seem to be at the forefront of the recovery, with Pepe Coin rebounding more than others.<\/p>\n

Pepe is up a modest 8.5% to $0.00001141 during the US trading session. The frog-themed meme coin dons an impressive 8.5% surge in the market cap to $4.8 billion, ranking #23 among other cryptocurrencies on CoinMarketCap<\/span><\/a>. Its trading volume is above $1 billion, making it the 11th most traded digital asset in 24 hours.<\/p>\n

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Dogecoin, Shiba Inu Meme Coins Struggle To Keep Up<\/h2>\n

Unlike most altcoins, Dogecoin<\/span><\/a> (DOGE), and Shiba Inu (SHIB) are some of the coins contributing to the increase in the total market cap. The largest meme coin, DOGE is up 2.5% to $0.1236 while SHIB sustains a 1.8% increase to $0.00001822.<\/p>\n

While Dogecoin bounced off double-bottom support at $0.12, bulls lost momentum on approaching $0.13. Resistance highlighted by the 20-day Exponential Moving Average (EMA) annihilated the momentum.<\/p>\n