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Cryptocurrency News Articles
PEPE Coin Predictions Suggest It Could Eliminate Four Zeros From Its Price, Mimicking the Success of DOGE and SHIB
Dec 31, 2024 at 04:44 am
PEPE, the third-largest meme coin after SHIB and DOGE has been generating considerable buzz recently as analysts predict it could soon experience a significant price surge.
A third-largest meme coin, PEPE, has been attracting attention with analysts predicting a potential price surge.
CryptoZeus, a renowned analyst in the meme coin scene, raised expectations for PEPE’s future, describing the token as “extremely explosive.”
In a recent YouTube video, CryptoZeus highlighted PEPE’s resilience during market movements, indicating that the coin's price consolidation suggests another breakout might be on the horizon.
“Pepe could potentially be on the drive for another explosive breakout coming up soon,” the analyst stated, referring to a triangle consolidation that began on December 9.
If this breakout occurs, CryptoZeus predicts that PEPE could reach 0.0000314 USD, with the possibility of the coin shedding up to four zeros, setting a new all-time high.
He also highlighted the importance of community support and retail adoption in the success of meme coins like PEPE.
The token is already seeing significant interest, especially from large retail holders, with over 92,000 investors contributing substantial amounts. PEPE's community is also rapidly expanding, with more than 355,300 holders and roughly 1,000 new holders joining daily.
Adding to these positive developments, recent whale activity has sparked further speculation about PEPE's potential.
One of the largest whales, which had not traded in over 600 days, recently moved 2.1 trillion PEPE tokens, valued at $52 million. Such activity suggests a surge in interest from large investors, further fueling expectations of a significant price rally for PEPE.
This has led many to draw comparisons between PEPE and other meme coin success stories like DOGE and SHIB, which saw explosive growth in previous bull markets.
Predictions from CoinCodex also suggest that PEPE could reach $0.000152 by 2029, indicating a 600% increase. Other projections indicate significant growth in the next two to five years, with many analysts believing that PEPE is on the cusp of a parabolic price movement.
The broader market environment also adds to the optimism. Bitcoin’s recent price rally has historically led altcoins, including meme coins, to follow suit, often resulting in impressive performances.
According to CryptoZeus, this ongoing bull run could continue attracting institutional money into Bitcoin and blue-chip coins like PEPE, providing a significant boost in price.
“In a bull market, the money flows into blue-chip cryptos. While low-cap coins can offer quick profits, blue chips like Bitcoin and PEPE usually lead the race as institutional money pours in,” he added.
PEPE was trading at roughly $0.000019 at press time, showing an 11.81% decrease in the past 24 hours. However, the coin’s trading volume surged by 60% during the same period, reaching $3.45 billion.
PEPE’s market cap also rose from the 25th to the 23rd position, highlighting its increasing momentum despite the price decline.
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The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
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