The rally in the world’s third-largest meme token PEPE seems to be unstoppable. In the last 24 hours, the PEPE Coin value has surged by another 12% extending its weekly gains to more than 80%. Meanwhile, Mallconomy is becoming the ultimate multidevice Metaverse hub.
PEPE Coin Hits New All-Time High
At the writing time the PEPE price is trading at $0.0000166 with its market cap crossing $7 billion hitting a new milestone. The recent rally in PEPE comes amid huge investor interest as the daily trading volumes have skyrocketed past $2.56 billion.
PEPE has become the third-largest meme token, following Dogecoin and Shiba Inu, to reach a significant milestone. The token has not only outperformed rival memecoins but also surpassed the broader cryptocurrency market, achieving a 135% gain over the past month. Year-to-date, the Ethereum-based cryptocurrency has delivered a 12x return to its holders.
This rally has attracted the attention of wealthy investors. On-chain tracking platform Spot On Chain reported that a whale withdrew 1.32 trillion PEPE tokens from Binance over the last five days. At the current price, this whale’s PEPE portfolio has generated a 21% return.
What’s Behind PEPE Price Surge?
PEPE’s recent stellar performance aligns with the optimistic sentiment in the cryptocurrency industry following the approval of spot Ethereum ETFs.
Pepe’s value action remains bullish as buyers resist efforts to drive the price down. Strong support has formed around the $0.00001380 level, which has been tested twice. Additionally, PEPE is establishing higher lows and higher highs, indicating a rising uptrend. The value is also trading above the 50-day and 200-day simple moving averages (SMA), further reinforcing the bullish outlook. PEPE is poised for further rallying, with on-chain analysis firm Santiment reporting a surge in active addresses holding PEPE from 3,600 to 12,000 between May 21 and May 22. A similar increase in PEPE-holding wallets was observed in mid-May.
Mallconomy: The future of shopping in the metaverse
Launched in 2022, Mallconomy is a creator economy pioneer with an ambitious vision: to create the most engaging and expansive shopping hub in the metaverse. It’s a win-win for everyone involved; brands showcase their products in a fresh, interactive way while shoppers enjoy browsing as they would in a physical store—all from the comfort of their own homes.
Mallconomy supports browsing across multiple devices, including PCs, mobiles, and even smart TVs, with apps expected to debut in December 2024. But browsing is also rewarding: Mallconomy offers a Browse-to-Earn scheme where users earn WOOT tokens for nearly every action they take within the metaverse.
Mallconomy and Intelligent Virtual Sales
One thing you won’t find in a regular brick-and-mortar store is Mallconomy’s ChatGPT-powered Ready Player Me avatars, intelligent virtual sales assistants that provide round-the-clock support. Likewise, MallCard NFTs offer a wide range of perks, from dividends and referral kickbacks to exclusive access to a Tinder-like launchpad and early entry to land sales within Mallconomy’s metaverse.
With its presale just getting underway, Mallconomy presents a stellar investment opportunity. WOOT tokens are currently worth $0.00274, with over $100,000 already raised. But here’s the exciting part, the prices are set to rise regularly, offering early investors a significant edge. Don’t miss out on this chance to invest in the future of e-commerce and the creator economy!
