Pepe (PEPE), a cryptocurrency, has been skyrocketing with recent data indicating a market capitalization surpassing the $500 million mark. Additionally, a tweet from a crypto trader, Nebraskangooner, suggested that the PEPE's market cap may soon reach $1 billion. At press time, PEPE was changing hands at $0.000002094, a significant 81.84% increase from the beginning of the day, as shown by CoinMarketCap data.

Over the past 8 hours, PEPE's price experienced a high of $0.00000239811, a territory to which it came after breaking two resistance levels and flipping them into support ones. While PEPE's value has since retracted, the 9 EMA line on the 4-hour chart trading above the 20 EMA line proposed a further price hike within 24-48 hours.

Nebraskangooner's analysis hadn't proceeded precisely as expected, though the crypto saw a drop off of roughly 30%, as predicted, before an impressive surge in market capitalization. Through careful observation and technical analysis, the trader was able to predict a deflation in PEPE's price, as well as the forthcoming boom in market capitalization.

Given the positive track record of the cryptocurrency and its recent surge in values, PEPE is certainly an exciting asset to monitor in the future. However, any potential purchase should be done with caution and research, and any action taken by the reader is strictly at their own risk.



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