Pepe Nosedives 9.1% While New Competitor Scores $6.4 Million
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Pepe (PEPE) continues to face downward price pressure in recent days. A new competitor, touted as Shibarium on Pepe, is gaining attention and attracting retail investors. Launched in April 2023, Pepe's initial success marked a significant development in the market last year.
The rise of the new competitor suggests shifting interests among retail investors and may impact Pepe's future performance.
Overall, the initial excitement around Pepe seems to be waning, with competitors stepping in to capture market share.
Source: cryptonews.com ↗
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