In a recent turn of events, Pepe Coin (PEPE) has surged to a new all-time high, marking a significant moment in the ongoing meme coin mania that’s back to shake the crypto world.
The price of PEPE now sits at $0.00001031, showing a dramatic 91% increase over the last month and an astonishing 466% rise over the past year.
PEPE’s price ascended to $0.00001128, according to the latest data from CoinMarketCap, amid a broader meme trading frenzy paralleled by a surge in stocks like GameStop (NYSE: GME), which almost doubled in price recently.
PEPPE price action. Source: TradingView
Whale activity has been particularly notable, with significant purchases indicating strong confidence in PEPE’s potential for further gains.
This guy spent 1.86M $USDC to buy 195B $PEPE 12 hours ago and has now made an unrealized profit of $236K.https://t.co/TSngBKN2yC pic.twitter.com/Oszxx3nIO2
— Lookonchain (@lookonchain) May 14, 2024This optimism is tempered by a cautionary note for investors, where the recent peak could lead to a minor correction. Despite a 4% drop in the past day, market sentiment remains overwhelmingly bullish, suggesting that after a brief dip, PEPE could climb.
Pepe price prediction
Currently, PEPE holds a market cap of $4.3 billion, ranking it as the 23rd largest cryptocurrency by market cap.
PEPPE 1 month prediction. Source: CoinCodex
According to recent data from CoinCodex, Pepe Coin is projected to experience a significant surge in value. Experts predict a 235.49% increase in the cryptocurrency’s price, potentially reaching $0.00003646 by June 13, 2024.
Current market analysis reveals a bullish sentiment, further supported by a Fear & Greed Index score of 66, indicating prevailing market greed.
Even though the current trends show strong market interest, it remains crucial for investors to stay informed and consider diverse perspectives before making investment decisions.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
