Solana
Pepe overtakes Solana and DOGE in daily volume amid ATH rally
Continuing the good news for the Ethereum-based meme coin, Pepe recently surpassed Solana (SOL) and Dogecoin (DOGE) in daily volume amid its recent record rally. Indeed, the memecoin offering has officially ranked among the five best performers in terms of 24-hour transaction volume.
Pepe’s continued dominance culminated in an all-time high on Tuesday morning. Specifically, the asset reached an all-time price of $0.00001097. Additionally, the meme coin has increased by over 15% over the past day, according to CoinMarketCap.
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Pepe dominates Dialy volume, toppling SOL and DOGE
Throughout 2024, meme coins will become a massive part of the digital asset market. Although they have always had their place, this year investors have increased their exposure to this asset class. This peaked in March, with coin mania driving up prices of newcomers like Dog Hat (WIF) and Book of Meme (BOME).
This development has led to the growing importance of the Solana network. Many of these newly competitive offerings were blockchain-based, moving traffic away from Ethereum. However, one of the most popular meme coins of the last year has reasserted itself, along with the power of Ethereum, with a recent rally.
Read also: Pepe Price Prediction for Mid-May: Will She Drop a Zero This Month?
Pepe has skyrocketed this week, with the asset surpassing both Solana (SOL) and Dogecoin (DOGE) in daily volume amid its recent record rally. Indeed, both outdated assets are important moments to affirm the growing importance of the Ethereum-based meme coin.
In Solana, the native token returned to positive price performance over the past month. Additionally, this represents the ongoing clash between Solana and Ethereum for decentralized supremacy. At Pepe, the meme coin has outperformed not only Solana’s largest meme coin offerings, but also its own native asset.
Additionally, Dogecoin (DOGE) has become the pinnacle of the meem coin market. The original offering has long been the market leader. This may not have changed with Pepe’s recent rise, but it denotes a continuing shift in which coins investors are willing to put their faith in.