Pepe Price Prediction as PEPE Overtakes Fantom in Market Cap Rankings

Simon Chandler

Last updated:

March 22, 2024 07:34 EDT

| 3 min read

The Pepe price has slipped by 4% in the past 24 hours, falling to $0.000007863 as the cryptocurrency market suffers a 1.5% drop today.

PEPE is now down by 10% in a week, yet the meme token holds onto an impressive 580% gain in the last 30 days.

Given its ability to rise disproportionately during rallies and bull runs, the coin should return to growth as soon as the market recovers some momentum.

And with PEPE recently climbing the market cap rankings and overtaking Fantom for 42nd place overall, it could easily build on such gains in the very near future.

Pepe Price Prediction as PEPE Overtakes Fantom in Market Cap Rankings – Time to Buy?.

PEPE’s indicators are reflective of a coin that has spent much of the past week falling, with the coin suffering from a lack of momentum right now.

Its 30-day average (yellow) looks as though it has flatlined and will begin falling towards (and below) its 200-day (blue), with a rebound not likely until it has fallen some distance below.

At the same time, the coin’s relative strength index (purple) has fallen below 50 this morning and looks to be heading towards 30.

This indicates a withdrawal of demand and interest as the market has corrected in the past couple of weeks, with PEPE (as a meme token) being particularly sensitive to fluctuations.

Nonetheless, the rallies of February and early March have been kind to PEPE, which was not even in the top-100 by cap in early February.

Whales also continue to hold onto the meme token, implying that many bigger and savvier traders expect the token to return to growth sooner or later.

As we’ve noted before, the whale mentioned in the above tweet still holds onto $30 million in PEPE, according to the latest Etherscan data.

This bodes well for PEPE, which will continue to have its ups and downs, but looks as though it will remain a vehicle for big profits for some time to come yet.

And when combined with a market that many expect to rise further in the wake of the Bitcoin halving (and not to mention volatile Bitcoin ETF volumes), the Pepe price should see further rallies soon enough.

It could hit $0.000010 in the next few weeks, before touching $0.000020 by the summer, although it will be one of many meme coins that...

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