$PEPE Supremacy Continues — Market Update: May 09, 2023 | by Xian Senado, CWP® | Coinmonks | May, 2023

• The global cryptocurrency market lost 2.19% of its value, falling to $1.113 trillion from $1.197 trillion in the previous week, with a similar 15.63% drop in trading volume to $31.71 billion in just 24 hours.
• Despite the market’s downturn, Pepe ($PEPE) was the most trending and top gainer cryptocurrency, with a 59.38% increase in value. On the other hand, Sui (SUI) was the market’s biggest loss, with a 76.06% drop in value to $1.08.
• Investors should always exercise caution and conduct thorough research before making investment decisions in the cryptocurrency market, given its high volatility and instability. Any central authority does not regulate cryptocurrencies, and investors are responsible for managing their own risks and security measures.

The cryptocurrency market has grown significantly recently, with numerous digital assets witnessing fast price movement and market capitalization rise. The market, on the other hand, is recognized for its tremendous volatility and instability, with cryptocurrencies frequently seeing dramatic price changes in short periods.

The global cryptocurrency market lost 2.19% of its value, falling to $1.113 trillion from $1.197 trillion in the previous week, with a similar 15.63% drop in trading volume to $31.71 billion in just 24 hours. This is according to the most recent CoinMarketCap data.

Despite the market’s downturn, Pepe ($PEPE) was the most trending cryptocurrency. After it launched on centralized exchanges such as Binance together with $FLOKI, its value soared to $0.00000206 and a $904 million 24-hour trading volume.

Pepe ($PEPE) was likewise the market’s top gainer, with a 59.38% increase in value, followed by Stacks at $0.7749 per coin. Stack is an open-source network that provides smart contracts and a virtual machine that allows the development of various decentralized apps (dApps) on top of the Bitcoin blockchain.

Sui (SUI), on the other hand, was the market’s biggest loss, with a 76.06% drop in value to $1.08. Sui is a new cryptocurrency that aims to create a decentralized platform for controlling internet content while emphasizing data privacy and security.