PEPE's High Returns May Be Difficult Due to Market Cap, Says Bankless
CryptoNewsTerminal Staff31 May, 2024
PEPE's High Returns May Be Difficult Due to Market Cap, Says Bankless
Bankless, a popular crypto podcast platform, has cautioned investors against expecting high returns from the meme coin PEPE. The outlet noted that while PEPE has experienced impressive gains this year, its current market capitalization of $6.2 billion makes it challenging for it to sustain the same level of growth. Bankless compared PEPE's situation to that of Dogecoin (DOGE), which saw its market cap soar to $75.26 billion during the last bull cycle but has since fallen to $7 billion. "Nothing goes up forever in crypto," Bankless emphasized. While some upside potential remains for PEPE, investors should carefully consider their investment decisions. As of writing, PEPE is trading at $0.00001533, up 6.31% on the day. Its market cap currently ranks 19th, just below Polygon (MATIC).
