Pepe All-time high
Pepe Coin Price Poised for 30% Upswing in Bullish Rally
Published
1 month agoon
By
adminPepe (PEPE) price, a major meme coin, recently experienced a strong price surge, mirroring a broader cryptocurrency market rally. This increase reflects growing bullish sentiment, with investors showing confidence in further gains. Analysts expect continued momentum for altcoins, driven by a generally positive crypto market outlook. Pepe aims for a potential 30% increase as optimism rises across the sector.
Pepe Coin Price Eyes Major Gains with 30% Bullish Potential
Crypto analysts predict that Pepe Coin could soon see significant gains, with a bullish outlook suggesting a 30% potential increase. The meme coin, appears set to venture into uncharted price territory.
$PEPE & Crypto Is On The Way To Outer Space 🐸🚀🌌
We Are Heading To Unexplored Territory 📈
Latest #PEPE & Crypto News Update 👇🐸📺 pic.twitter.com/HOF4TSzkOu
— Crypto Zeus ⚡ (@CryptoZeusYT) November 11, 2024
Market trends and indicators signal a strong upward trajectory for Pepe Coin as it prepares to break previous resistance levels. Many investors are watching closely, anticipating the meme coin’s move toward “outer space” in the crypto landscape.
The next few weeks may reveal if Pepe Coin’s bullish trend will hold as excitement grows in the broader crypto community.
Pepe Price Sees Modest Gains Amid Volatility
Over the past week, the meme coin has shown slight upward momentum. The latest PEPE price is at $0.00001287, with a modest 3% increase within the day. The cryptocurrency’s recent performance indicates volatility, with a daily low of $0.00001148 and a high of $0.00001309, reflecting the market’s mixed sentiment.
Despite the recent gains, Pepe’s price remains significantly below its all-time high of $0.00001718, recorded on May 27, 2024. This marks a drop of around 30% from its peak value. On the other hand, Pepe’s all-time low of $0.000002764, registered on April 17, 2023, suggests a substantial growth potential, showing over 45,600% appreciation since its inception.
Will PEPE Hit ATH in This Bullish Run?
Today, Bitcoin surged to an all-time high of $85,000, fueling global investor enthusiasm. Altcoins followed suit, experiencing significant gains. This unprecedented crypto market rally has strengthened investor confidence as digital assets witness remarkable market growth, reaffirming optimism in cryptocurrency investments.
The whale transaction count in PEPE has surged, crossing 244 transactions involving over $100,000. This spike coincides with rising PEPE prices, hitting a new level. Increased whale activity suggests heightened interest, potentially signaling further market momentum. Elevated transaction volumes may attract additional investors, making PEPE’s market movements more volatile.
Ethereum-based token PEPE has experienced impressive growth recently, showing a steady upward trend. If this bullish momentum holds and key resistance remains intact, analysts predict PEPE could soon reach price targets near $0.00001718, marking a potential 30% surge. The Relative Strength Index (RSI) indicates 71, marking an overbought condition.
Pepe Coin Price shows strong bullish potential, driven by rising investor confidence and market momentum. Analysts foresee a 30% surge if key resistance levels hold. Whale activity boosts optimism, while market conditions support further gains.
Frequently Asked Questions (FAQs)
Investor optimism, whale activity, and a strong crypto market rally.
Analysts suggest it may approach previous highs if momentum holds.
It has risen over 45,600% from its all-time low in April 2023
Coingape Staff
CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Source link
You may like
Investors turn to Lightchain AI 3000x potential after PEPE drop
Moonpay In Talks To Acquire Coinbase Commerce Rival Helio
The Satoshi Papers Explores The Role Of The State In A Post-Bitcoin World: An Interview With Natalie Smolenski
Stablecoin Issuer Tether Invests $775,000,000 Into YouTube Rival Rumble
Solana L2 Sonic includes TikTok users in airdrop
5 Tokens Ready For A 20X After Solana ETF Approval
24/7 Cryptocurrency News
Is PEPE Price Nearing A 150% Jump As Market Cap Hits $11B?
Published
2 weeks agoon
December 8, 2024By
adminPEPE has continued its bullish momentum, reaching a new all time high in both price and market cap. The meme-based cryptocurrency surged by 20% in the past 24 hours, achieving an all-time high of $0.00002622.
As its market capitalization surpasses $11 billion, the crypto community is closely watching for further price movement, with some analysts predicting a potential 150% rally.
PEPE Reaches New ATH in Market Cap and Price
After hitting an all-time high today, PEPE has crossed a $10 billion market capitalization, cementing its position as the third-largest meme coin by market value. Pepe’s market cap has since climbed to over $11 billion, making it the 20th largest digital asset across the entire crypto market.
This comes on the back of sustained growth since early November, when PEPE price began a notable rally. During that period, the coin experienced a 100% weekly surge, driven by major exchange listings, including Coinbase and Robinhood.
Although it retraced by 25% in subsequent weeks, whale accumulation provided support for the asset, leading to its recent resurgence.
Whale Accumulation Sparks Renewed Rally
Recent on-chain data shows that whales have played a significant role in PEPE’s latest rally. Reports indicate substantial accumulation of PEPE by large investors in recent weeks, with several high-value purchases recorded. Such activity has reduced available supply on the market, creating upward pressure on the price.
Increased trading activity in the derivatives market has also fueled the rally. PEPE’s derivatives trading volume rose by 78%, reaching $1.67 billion, while open interest jumped by 39% to $368 million.
These metrics reflect growing interest from traders and investors, further boosting the asset’s upward trajectory.
PEPE Eyes 150% Surge Amid Bullish Projections
As PEPE’s price continues to rise, market analysts suggest the possibility of a 150% increase in the coming weeks.
The cryptocurrency is currently trading at $0.00002622, with some analysts like JAVON MARKS projecting a potential move to $0.000063.
PEPE’s recent performance has sparked discussions about its potential to overtake SHIB should it rally to $1. SHIB currently holds a $19 billion market cap, leaving an $8 billion gap between the two tokens. While some investors view this as a challenging goal, others believe the ongoing market cycle could enable PEPE to close the gap.
Kelvin Munene Murithi
Kelvin is a distinguished writer with expertise in crypto and finance, holding a Bachelor’s degree in Actuarial Science. Known for his incisive analysis and insightful content, he possesses a strong command of English and excels in conducting thorough research and delivering timely cryptocurrency market updates.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Source link
Investors turn to Lightchain AI 3000x potential after PEPE drop
Moonpay In Talks To Acquire Coinbase Commerce Rival Helio
The Satoshi Papers Explores The Role Of The State In A Post-Bitcoin World: An Interview With Natalie Smolenski
Stablecoin Issuer Tether Invests $775,000,000 Into YouTube Rival Rumble
Solana L2 Sonic includes TikTok users in airdrop
5 Tokens Ready For A 20X After Solana ETF Approval
Solana beats Ethereum in a key metric 3 months in a row
SCENE’s 2024 Person of the Year: Iggy Azalea
BTC Risks Falling To $20K If This Happens
Most Layer 2 solutions are still struggling with scalability
Here’s why Stellar Price Could Go Parabolic Soon
Perp-Focused HyperLiquid Experiences Record $60M in USDC Net Outflows
Experts say these 3 altcoins will rally 3,000% soon, and XRP isn’t one of them
Robert Kiyosaki Hints At Economic Depression Ahead, What It Means For BTC?
BNB Steadies Above Support: Will Bullish Momentum Return?
182267361726451435
Why Did Trump Change His Mind on Bitcoin?
Top Crypto News Headlines of The Week
New U.S. president must bring clarity to crypto regulation, analyst says
Will XRP Price Defend $0.5 Support If SEC Decides to Appeal?
Bitcoin Open-Source Development Takes The Stage In Nashville
Ethereum, Solana touch key levels as Bitcoin spikes
Bitcoin 20% Surge In 3 Weeks Teases Record-Breaking Potential
Ethereum Crash A Buying Opportunity? This Whale Thinks So
Shiba Inu Price Slips 4% as 3500% Burn Rate Surge Fails to Halt Correction
Washington financial watchdog warns of scam involving fake crypto ‘professors’
‘Hamster Kombat’ Airdrop Delayed as Pre-Market Trading for Telegram Game Expands
Citigroup Executive Steps Down To Explore Crypto
Mostbet Güvenilir Mi – Casino Bonus 2024
NoOnes Bitcoin Philosophy: Everyone Eats
Trending
- 3 months ago
182267361726451435
- Donald Trump5 months ago
Why Did Trump Change His Mind on Bitcoin?
- 24/7 Cryptocurrency News4 months ago
Top Crypto News Headlines of The Week
- News4 months ago
New U.S. president must bring clarity to crypto regulation, analyst says
- Price analysis4 months ago
Will XRP Price Defend $0.5 Support If SEC Decides to Appeal?
- Opinion5 months ago
Bitcoin Open-Source Development Takes The Stage In Nashville
- Bitcoin5 months ago
Ethereum, Solana touch key levels as Bitcoin spikes
- Bitcoin5 months ago
Bitcoin 20% Surge In 3 Weeks Teases Record-Breaking Potential
✓ Share: