Is $PEPE Dead? Investors Are Jumping Ship to These Trending Altcoins

Pepe Coin (PEPE), the meme coin that took the crypto industry by storm in April and at one point commanded a market cap of as much as $1.8 billion, continues to experience a sharp decline in its price.

PEPE was last changing hands just under $0.0000009, with its market cap having now retraced to around $350 million.

That means PEPE, which has been trending sharply lower now since mid-May, is down 80% from its record peaks.

While its market cap of $350 million implies the cryptocurrency is far from dead, on-chain metrics suggest that PEPE could experience further downside as hype continues to fade.

The number of PEPE holders appears to have peaked at around 116,000, according to a Dune dashboard.

If this starts to fall, that would weigh heavily on the price and signal that retail traders, the driving force of PEPE’s upside, are giving up on the coin.

But while the hype for Pepe fades, other altcoins are picking up steam.

Here are two crypto start-ups that are building innovative use-case-solving platforms that are rated highly by analysts at Business 2 Community.

Ecoterra (ECOTERRA)

Ecoterra (ECOTERRA) is the native cryptocurrency of a blockchain-run green ecosystem that incentivizes environmentally friendly behavior.

As outlined in the project’s Whitepaper, the award-winning project is building an all-in-one $ECOTERRA-powered web3 ecosystem, designed to encourage recycling via its first-of-its-kind Recycle-to-Earn (R2E) system, facilitate trade in recycled materials and encourage individuals and businesses to offset their carbon footprint.