PEPE Coin Surpasses Bitcoin in Social Media Buzz

Pepecoin (PEPE) has recently gained significant attention on social media platforms, surpassing Bitcoin in terms of buzz and hype.

As the cryptocurrency market continues to rapidly evolve, the power of social media in driving prices and market sentiment cannot be underestimated.

With Pepecoin generating a wave of interest and excitement among investors and traders, the question now arises: could this spark a renewed bullish run for PEPE?

Pepecoin, named after the popular Pepe the Frog meme, has emerged as a promising new player in the cryptocurrency space. Its community-driven approach and unique branding has attracted a loyal following, helping it gain traction on social media platforms such as Twitter and Reddit.

Pepecoin (PEPE) appears as a social media darling

Pepecoin (PEPE) has taken the cryptocurrency world by storm, surpassing Bitcoin and other popular digital assets when it comes to social media. This newfound attention has triggered an increase in discussions and mentions of PEPE on various social media platforms, such as tweeted by LunarCrush, a leading social analytics platform.

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TRENDS

🐸 $pepe now leads social engagement, even higher than #bitcoin currently.

This metric indicates extremely high community participation in social posts, as measured by likes, retweets, comments, bookmarks, influential account participation, and more.… pic.twitter.com/5omzcenzKN

— LunarCrush (@LunarCrush) 13 May 2023

The platform’s data reveals that PEPE has emerged as the front-runner in social engagement, surpassing even Bitcoin and Shiba Inu (SHIB) in this metric. While Bitcoin took second place, Shiba Inu lagged behind in seventh place.

With millions of users actively discussing and sharing information about digital assets, social media platforms have become breeding grounds for hype and speculation.

LunarCrush’s data indicates that PEPE has managed to capture the attention and enthusiasm of crypto enthusiasts, generating a significant level of social engagement. This increase in online activity suggests that investors and traders are closely following PEPE and may be considering it as a potential investment opportunity.

PEPE Price is struggling to move up despite high social engagement activity

Despite the high level of social engagement and buzz surrounding Pepecoin, the cryptocurrency has seen a drop in price in recent days. CoinGecko reports that at the time of writing, PEPE’s price stands at $0.00000175, marking a decrease of 8.7% in the last 24 hours.

Moreover, over the past week, the cryptocurrency has seen a significant decline of 29.0%, highlighting a bearish trend that may have shaken the confidence of some investors.

BTCUSD reclaims $27K region on the daily chart at TradingView.com

The drop in PEPE’s price is particularly notable given the recent increase in social media activity around the coin. Although it is too early to tell what the future holds for Pepecoincould the current bearish trend signal a correction after the initial hype surrounding the coin.

– Selected picture from today’s parents