Cryptocurrency trading provides plenty of opportunities for risk and reward, and the past week has been particularly fruitful for investors who have their eyes on the PEPE Coin. The asset has skyrocketed by an astounding 1,200 percent, while other popular cryptos have remained stagnant. Catch up on the latest crypto news and understand the significance of this sharp rise in value with our comprehensive recap.

1. PEPE Coin Soars as Crypto Market Stagnates

PEPE Coin is one of the few crypto coins that have seen significant growth over the last month, even as the crypto market generally has not. In the last 30 days, PEPE Coin is up more than 25%, and has seen steady growth throughout the month.

The coin is becoming more widely adopted, with increased usage as a form of payment on many websites and in some physical stores. An increasing number of financial institutions are also adopting the coin, providing hedging and other services. This could be the main driver of its growth.

Exchange volume is on the increase, with daily volume more than double what it was 30 days ago.
Transactions per day are up, with a growing number of users making transactions.
Market capitalization of PEPE Coin has grown significantly since the start of the month — now 6 times higher than at the start of the month.

2. Latest Week in Crypto: A Recap

This past week was a huge one for the cryptocurrency markets. Traders and enthusiasts around the world watched as the price of Bitcoin and Ethereum rose to new heights. Let’s take a closer look at some of the key events that shaped the markets this week.

Ethereum Hits New All-Time High: The price of Ether, the cryptographic token that powers the Ethereum network, topped out above $2800 this week, setting a new all-time high that surpasses its prior peak of $1943 in February.
Bitcoin Up Over 15% This Week: While Ethereum rose to all-time highs, Bitcoin was still the star of the show. The leading cryptocurrency rose about 15% this week, bringing the total for the month of May to over 40%.
SEC Tightens Regulations: The US Securities and Exchange Commission (SEC) published updated guidance on digital assets and digital asset investing, making it clear that digital assets must obey securities laws and regulations.
Jack Dorsey to Create Dedicated Crypto Team: Twitter CEO Jack Dorsey announced plans to create a dedicated crypto team to explore new use cases for digital assets, specifically Bitcoin’s Lightning Network.

Overall, this past week was an exciting one for the crypto markets and traders are eagerly awaiting what the weeks ahead will bring. With multiple pieces of positive news coming out and the market seemingly on a bullish trend, those investing in crypto will have something to cheer about. Overall, the news of PEPE Coin’s massive appreciation was an inflection point in the cryptocurrency market with other cryptos being unable to keep up. It’s always important to stay up to date with developments in the crypto market, so make sure to check back in regularly to stay in the loop.