CandleFocus PEPE Coin Hits New ATH Moving Closer to SHIB in Rankings
2024-12-09
Author: Content Editor
PEPE, the third-largest memecoin, has reached a new all-time high of $0.00002748. This surge has allowed PEPE to surpass Litecoin and Uniswap in market cap, making it the 20th largest cryptocurrency. While it currently ranks below Dogecoin and Shiba Inu in market cap, analysts believe that PEPE still has a long way to go to catch up to SHIB. The overall bullish market, led by Bitcoin's rally and Ethereum's recent price breakout, has positively impacted memecoins like PEPE. Some analysts predict that PEPE could reach $1 by 2025. PEPE has seen strong growth since its launch in April 2023, with a 46,373% increase. Its open interest has also risen to $369.91 million. PEPE is currently following an ascending channel, indicating a bullish trend, but with signs of overbought conditions, it may encounter resistance. Analysts have set a bullish price target of $0.00003600 for PEPE by the end of the year.
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