Data shows that, in the week ending November 1, $PEPE was one of the few top-50 coins to post gains against the market, ranking among the week’s leaders in relative strength.
CoinPulseHQ’s weekly review based on CoinGecko data, as of November 1 at 14:00 UTC: PEPE was trading at around $0.000004926, up about 10.9% over 7 days and 10.1% over 30 days. In the same review, Bitcoin was at around $77,874, down about 3.1% over 7 days and 10.2% over 30 days. Only 13 of the top 50 coins posted gains, with a median return of around -1.8%. Total crypto market capitalization was around $2.61 trillion, down about 2.7% from October 25, while Bitcoin dominance was around 59.9%.
Two points of divergence stand out. First, the pattern of gains: PEPE’s 7-day and 30-day gains were both in double digits, suggesting its weekly strength was not merely the tail end of a single-day spike; it was also positive over the monthly period. Second, market breadth: with only 13 of 50 coins posting gains and the median return in negative territory, the market was not broadly rising. PEPE’s gains came against a backdrop of declines across most coins.
Outlook: The key question is whether PEPE can hold on to this week’s gains or give them back along with the broader market. Its relative strength over the week holds only if the price does not fall back to its starting area.
Personal opinion only; this is not investment advice.
#PEPE $PEPE
CoinPulseHQ’s weekly review based on CoinGecko data, as of November 1 at 14:00 UTC: PEPE was trading at around $0.000004926, up about 10.9% over 7 days and 10.1% over 30 days. In the same review, Bitcoin was at around $77,874, down about 3.1% over 7 days and 10.2% over 30 days. Only 13 of the top 50 coins posted gains, with a median return of around -1.8%. Total crypto market capitalization was around $2.61 trillion, down about 2.7% from October 25, while Bitcoin dominance was around 59.9%.
Two points of divergence stand out. First, the pattern of gains: PEPE’s 7-day and 30-day gains were both in double digits, suggesting its weekly strength was not merely the tail end of a single-day spike; it was also positive over the monthly period. Second, market breadth: with only 13 of 50 coins posting gains and the median return in negative territory, the market was not broadly rising. PEPE’s gains came against a backdrop of declines across most coins.
Outlook: The key question is whether PEPE can hold on to this week’s gains or give them back along with the broader market. Its relative strength over the week holds only if the price does not fall back to its starting area.
Personal opinion only; this is not investment advice.
#PEPE $PEPE
