PEPE Sees Dramatic 11% Surge, Analyst Says More Coming

by

Crypto expert Ali Martinez is optimistic about Pepecoin (PEPE), predicting further gains for the popular meme token. This viewpoint follows PEPE‘s recent surge by 11% over the last week.

PEPE’s next move

At present, PEPE is priced at $0.00000717, representing a 3.73% rise over the past 24 hours. Based on recent trends, it appears that PEPE could be gearing up for another price shift according to the insights shared by the analyst.

Martinez advised traders and investors to carefully monitor PEPE‘s daily closing price, which fluctuated between $0.00000793 and $0.00000664. According to him, this price range is significant for PEPE as it might lead to a substantial 54% price surge if the level is maintained.

Keep an eye on $PEPE‘s upcoming plans. A daily closing price beyond the span of $0.00000793 and $0.00000664 might trigger a potential surge, potentially resulting in a 54% increase for #PEPE.— Ali (@ali_charts) April 12, 2024

The crypto market may be unpredictable, but it’s worth noting that analysts have valid reasons for projecting a 54% price increase for PEPE, making it a realistic possibility. In just the past day, PEPE‘s trading volume has surged by nearly 50%, reaching $747 million. Additionally, its market capitalization has grown by 2%, now totaling $2.9 billion. As a result, PEPE now ranks as the fourth largest meme coin in terms of market capitalization.

Investor interest in PEPE is high, as evidenced by heightened trading volume. This could potentially lead to a significant price surge for the cryptocurrency. Even with a 5% drop in value over the past month, investors remain eager to acquire more PEPE, viewing this setback as an opportunity rather than a reason to retreat.

PEPE fights for meme coin dominance

Introduced in 2023, PEPE has developed into a strong competitor within the meme coin marketplace. As stated by U.Today’s articles, PEPE‘s significant increase aligns with the current cryptocurrency market uptrend of 2023.

In good news, Coinbase International, the international division of the leading crypto exchange, has announced the upcoming availability of PEPE perpetual futures starting April 18. Perpetual futures enable traders to predict the meme coin’s price trends without being concerned about expiration dates.

Read More

2024-04-12 18:12