PEPE altcoin and HYPE altcoin are two of the most popular altcoins right now in the crypto market. PEPE, recognized as a meme-native liquidity hub, has seen substantial gains and trading volumes, while HYPE is bridging Decentralized Finance (DeFi) functionalities with altcoin momentum. Both altcoins have attracted investor attention.
PEPE has a market cap of $5.4 billion and $1.3 billion in daily trading volume. The altcoin is up 80% over the past 30 days and 45% in the last month alone. PEPE is the native token of Hyperliquid, a new Layer 1 derivatives protocol. It provides governance rights and platform incentives to each of its holders.
HYPE, which sells for $1.60, has a current market cap of $14.4 billion. At the time of writing, its daily trading volume is about $360 million. HYPE, on the other hand, has shown a 28% increase over the last week.
HYPE then achieved an all-time high close to $50 in July. The long-term vision of the altcoin project is to connect DeFi capabilities and altcoin hype. Its recent performance is just a sign of growing investor confidence in the overall altcoin market.
PEPE’s impressive gain and record daily trading volume further underscore the boom in meme-centric cryptocurrencies. Its use as the native token for Hyperliquid only adds to its utility within the DeFi space. The recent gains may have more to do with the broader adoption and speculation in the crypto market.
HYPE’s alpha testing performance is a strong example of the ways that altcoins can add DeFi functionalities and take advantage of these trends. Its unique focus on bridging functionalities may appeal to users interested in varied investment opportunities. The token’s weekly gain alongside the overall market, including Bitcoin’s bullish performance, indicates positive sentiment in the market and confidence among investors.
