Throughout May, PEPE token has seen significant growth, with its price jumping by 136% to around $0.00001632. This popular meme token has shown strong performance over the month, hitting an all-time high of $0.00001718 just two days ago. Additionally, PEPE has climbed into the top 20 cryptocurrencies by market cap.

Comparing PEPE and MATIC

Currently, PEPE ranks 19th in market capitalization, with a cap of $6,858,900,630, closely following Polygon (MATIC), which holds the 18th spot with a market cap of $7,296,410,542. Despite being a low-cost meme token, PEPE has delivered substantial returns to its investors. Since its inception a year ago, PEPE has become a favored cryptocurrency. Considering this and various technical factors, PEPE's ongoing price increase might soon surpass Polygon. For the latest in financial news, visit COINTURK FINANCE.

In just one month, PEPE's market cap has surged, doubling from the start of May. On May 1st, PEPE's market cap was $2.60 billion and it rose to $7.34 billion by the end of the month. This rapid growth puts PEPE on the brink of overtaking Polygon in market cap, a feat that seems achievable if the current trend continues.

PEPE's Outstanding Performance

On May 27th, PEPE nearly matched Polygon's market cap, reaching $7.13 billion, while Polygon stood at $7.15 billion. The constant activity around this meme token has driven its price up consistently. In contrast, Polygon has seen a slowdown, which has limited its market demand.

PEPE's trading volume is currently $1.9 billion, significantly higher than Polygon's $330 million. This disparity in trading volume has been evident throughout May, suggesting a higher demand for PEPE compared to Polygon. Throughout May, PEPE's price soared from $0.00000612 to $0.00001632, achieving a 136% gain.

Meanwhile, Polygon's price has only increased by 3% during the same period. Although Polygon's current trading price is $0.7302, making it more valuable than PEPE, the competition between the two remains fierce. If the current trends persist, PEPE might soon overtake Polygon and claim the 18th spot.