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Even with an increase of 60%, most PEPE holders 'are in the red'

Fast Take
  • The meme cryptocurrency Pepe (PEPE) recorded quite significant increases in October
  • PEPE achieved prominence last week, managing to grow more than 60%
  • According to a survey, the majority of PEPE investors are still in the red
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the meme cryptocurrency Pepe (PEPE) registered quite significant increases during the month of October. Rising from the ashes, PEPE rose to prominence last week, managing to present an increase in its price of more than 60%.

According to a survey shared by cryptocurrency analysis platform, IntoTheBlock, on October 30, even with the gains recorded last week, the majority of PEPE investors are still in the red.

“PEPE had a standout performance last week, rising more than 60%. Interestingly, despite these gains, our data indicates that the majority of $PEPE holders are still in a losing position. At least for a while".

According to the data, 35% of meme coin holders are making profits, while 51% are going against profits at the moment.

 

At the time of publication, the price of Pepe was quoted at US$0,00000117, up 5.5% in the last 24 hours. In the last seven days, the PEPE cryptocurrency has registered a growth of 57.9%.

It is worth remembering that a survey by the cryptocurrency analysis platform, Santiment, shared on October 25 revealed 10 cryptocurrencies that are registering spikes in the creation of new wallets.

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The analysis noted that the focus of traders has been mainly on the market's largest cryptocurrencies, Bitcoin (BTC) and Ethereum (ETH). With this, mid-cap companies have quietly seen huge increases in network growth.

According to the survey, with Axie Infinity (AXS), Decentraland (MANA), Fantom (FTM), Injective (INJ), Polygon (MATIC), Dai (DAI), Pepe (PEPE), Power Ledger (POWR), Quant (QNT) and SingularityNET (AGIX) selling spikes in the creation of new portfolios, market prices may continue to rise.

Disclaimer: The views and opinions expressed by the author, or anyone mentioned in this article, are for informational purposes only and do not constitute financial, investment or other advice. Investing or trading cryptocurrencies carries a risk of financial loss.
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