Frog-Themed Meme Coin Pepe (PEPE) Outpaces Dogecoin (DOGE) and Shiba Inu (SHIB) in Price Performance

Amid the ongoing price rebound by some meme coins, the race to maintain dominance and attract investors has intensified. Frog-themed meme coin Pepe (PEPE) is currently leading the price metrics with a more than 5% increase in 24 hours compared to Dogecoin (DOGE) and Shiba Inu (SHIB).

Frog-themed meme coin Pepe (PEPE) is outperforming other meme coins, including Dogecoin (DOGE) and Shiba Inu (SHIB), in terms of price performance.

According to CoinMarketCap data, PEPE's price rose by 6.71% in the last 24 hours, reaching $0.00001375. This compares to a 0.62% increase for DOGE, which is currently trading at $0.3328, and a 3.43% gain for SHIB, which is priced at $0.00001924.

While the broader crypto market also experienced a 0.72% gain during this period, PEPE's performance is particularly noteworthy, indicating strong demand for the meme coin.

Pepe's price performance is also outpacing other meme coins, such as CumRocket (CUMMIES), which saw a 0% change, and SafeMoon (SAFEMOON), which experienced a 1.18% decrease.

Recent activities in the Pepe ecosystem may be contributing to its strong price performance.

For instance, Pepe's listing on Bitflyer, a major cryptocurrency exchange in Japan, could be generating positive attention and driving liquidity for the meme coin.

Analysts also suggest that the sustained price performance of meme coins, like Pepe's 6.71% gain, might be attracting traders and encouraging their participation in the market.

This could be further amplifying the liquidity and demand for meme coins, like PEPE, contributing to its strong price performance compared to other meme coins.