ambcrypto.com
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Most memecoins have had a rough year, but not Pepe [$PEPE].
While $DOGE and $SHIB slipped on the charts, the frog kept jumping up. And now, it’s pulling away from the rest of the pack.
In a recent backtest, $PEPE was measured against 10 of the biggest memecoins. The results have been amusing, to say the least.
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The window covers 12 months. It’s evident that none of the memecoins had a good time, with all of them spending most of the year bleeding. The only real break was all the way back in January, when $PEPE climbed by over 20%.
The other top memecoins barely got back to even.
For most of mid-year, they moved pretty much together. Then, in late August, they split up. $PEPE got better at holding itself up, and it’s been ahead ever since.
The difference was most evident on 11th November. On that day, $PEPE was down only 6.6%, and other memecoins were down 60%.
Since early July, $PEPE’s market cap has risen by about 92%. On the contrary, Shiba Inu [$SHIB]’s has been basically where it started, up just 0.66%.
On the other end of the spectrum, Dogecoin [$DOGE] has gone backwards, down about 18% at press time.
$PEPE’s run kicked off in late August with one big jump, and it’s only gone up from there. It even touched 137% above its July level earlier this week.
Then, it fell back. However, its still stronger than the others.
It’s been a bad week for memecoins. Every coin in the top 10 is down over the last seven days. Official Trump [TRUMP] and $PEPE took the biggest hits to the tune of 12.7% and 12.3%, respectively.
$DOGE lost about 10.4% of its value while Floki [FLOKI], Pudgy Penguins [PENGU] and Bonk [BONK] lost between 7% and 9%. MemeCore [M] held up the best, falling by only 1.4%.
Funnily enough, it’s now neck and neck with $PEPE; both at a market cap of about $1.86 billion.
