Cryptocurrency Pepe Down More Than 7% Within 24 hours
Portfolio Pulse from Benzinga Insights
Cryptocurrency Pepe (CRYPTO: PEPE) has seen a 7.25% decrease in price over the last 24 hours, contrasting with a 5.0% increase over the past week. The trading volume has decreased by 38.0%, while the circulating supply has slightly increased by 0.28%. Currently, Pepe's market cap ranks it at #41 with a value of $2.95 billion.
April 29, 2024 | 7:03 pm
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NEGATIVE IMPACT
Pepe (CRYPTO: PEPE) experienced a 7.25% price drop in the last 24 hours, despite a weekly gain of 5%. The trading volume has decreased significantly, and the circulating supply has increased slightly.
The short-term price drop of 7.25% in Pepe, despite its recent weekly gain, indicates a potential volatility in its market value. The decrease in trading volume could suggest a lower investor interest in the short term, potentially leading to further price declines. However, the slight increase in circulating supply might not have a significant impact due to its small magnitude. The overall market cap ranking remains strong, suggesting that while there may be short-term volatility, Pepe still holds a significant position in the cryptocurrency market.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100