CandleFocus

PEPE price rally flips DOGE, SHIB, UNI, and LTC – Here’s why

Author: Content Editor
PEPE, a memecoin, reached a new all-time high of $0.000027 on December 8 and surpassed the $11 billion market cap milestone. It now ranks 20th on the crypto market cap list, overtaking Uniswap and Litecoin. Analysts predict that PEPE will continue to lead the memecoin market, outperforming popular coins such as DOGE, SHIB, UNI, and LTC. The recent price surge is attributed to speculation that the SEC, under a potential Trump administration, could approve policy changes for staking yield on crypto ETFs. PEPE's price has risen by 33.9% in a few days and its market cap broke past $11 billion. The coin's rise has been accompanied by growing demand, reflected in the surge of new addresses and mentions on FOX News. Despite whale sell-offs, PEPE's price has remained resilient. Open interest levels and the number of short-term holders of PEPE have also increased. Technical analysis suggests further price growth for PEPE, with patterns indicating a potential increase to $0.000031. At the time of writing, PEPE is trading at $0.00002556, up 4% in the last 24 hours.

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