Cryptocurrency Pepe Falls More Than 4% In 24 hours
Portfolio Pulse from Benzinga Insights
Pepe (CRYPTO: PEPE) has seen a 4.85% price drop in the last 24 hours, continuing a week-long decline. Despite the price drop, trading volume increased by 14% over the week. The circulating supply decreased slightly, maintaining its max supply. Pepe's market cap is ranked #31 at $2.95 billion.
September 11, 2024 | 3:02 pm
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NEGATIVE IMPACT
Pepe's price has fallen by 4.85% in the last 24 hours, continuing a negative trend over the past week. Despite the price drop, trading volume has increased by 14%, indicating heightened trading activity. The circulating supply has slightly decreased, maintaining its max supply.
The 4.85% price drop in the last 24 hours, along with a week-long decline, suggests a negative short-term outlook for Pepe. The increase in trading volume indicates active trading, but the overall trend remains downward. The market cap ranking and full circulating supply provide context but do not offset the negative price movement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100