September 29, 2023 2:19 AM | 2 min read
“The Best Report Benzinga Has Ever Produced”
Massive returns are possible within this market! For a limited time, get access to the Benzinga Insider Report, usually $47/month, for just $0.99! Discover extremely undervalued stock picks before they skyrocket! Time is running out! Act fast and secure your future wealth at this unbelievable discount! Claim Your $0.99 Offer NOW!
Advertorial
Pepe Coin (CRYPTO: PEPE), a budding meme-based cryptocurrency, has taken the market by surprise with a 12% surge in value over the past 24 hours, outpacing gains made by other meme coins such as Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB).
What Happened
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you’ll also get Benzinga’s ultimate morning update AND a free $30 gift card and more!
DOGE and SHIB experienced marginal gains of 1.85% and 1.65% respectively. At the time of writing, PEPE was trading at $0.0000008162.
The surge could be attributed to various factors, including a short squeeze, where investors with short positions are forced to buy back the coin, thereby propelling its value higher.
This upward price momentum in the cryptocurrency market extends beyond Pepe Coin alone. Bitcoin (CRYPTO: BTC) , Ethereum (CRYPTO: ETH), and altcoins have recently experienced a notable rally, witnessing a surge in investor interest and market value.
Valkyrie Investments, a Nashville-based firm, has added fuel to the overall market excitement by becoming the first among nine ETF issuers to secure approval from the Securities and Exchange Commission (SEC) for an exchange-traded fund (ETF) that enables investors to speculate on the future price of Ethereum.
Secure Your Financial Future
Hidden gems are waiting to be found in this market! Don’t miss the Benzinga Insider Report, typically $47/month, now ONLY $0.99! Uncover incredibly undervalued stocks before they soar! Limited time offer! Secure your financial success with this unbeatable discount! Grab your 0.99 offer TODAY!
Advertorial
Will The SEC Finally Approve Long-Awaited Bitcoin Spot ETF? Ask industry experts directly at Benzinga’s Future of Digital Assets event happening in NYC on Nov. 14, 2023. Be a part of the discussions where you won’t just be a passive spectator. Don’t let this chance slip away – secure early bird discounted tickets now!
See More: A Stay At The Floating Palace From James Bond’s ‘Octopussy
Can Pepe Reach $1?
Pepe Coin, which has yet to surpass the $0.01 mark, finds itself in a prolonged journey towards attaining even a single cent.
With a supply of 420 trillion PEPE coins, a hypothetical rise to $1 per coin would result in a staggering market capitalization of $420 trillion. This mind-boggling figure dwarfs the coin’s current market capitalization of $318 million, making it a difficult feat to achieve.
Photo by dCrypto on Shutterstock
Read Next: Here’s How Much You Should Invest In Shiba Inu Today For A $1M Payday If SHIB Hits 1 Cent?
“The Best Report Benzinga Has Ever Produced”
Massive returns are possible within this market! For a limited time, get access to the Benzinga Insider Report, usually $47/month, for just $0.99! Discover extremely undervalued stock picks before they skyrocket! Time is running out! Act fast and secure your future wealth at this unbelievable discount! Claim Your $0.99 Offer NOW!
Advertorial
© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
