The Pepe (PEPE) meme coin has confirmed a new rising trend after surpassing its previous all-time high (ATH). With a fully diluted valuation of $8.8 billion and a daily traded volume of $4.8 billion, PEPE has seen a 150% rally in the last two weeks, entering its long-awaited price discovery phase. The meme coin industry, led by Pepe and Dogecoin (DOGE), is expected to dominate the upcoming altcoin season. The recent listing of PEPE on top-tier cryptocurrency exchanges, including Coinbase and Robinhood, has further attracted investors. Technical analysis suggests that PEPE could potentially experience a 10x increase in price towards $0.0009. Traders should be cautious of a potential fakeout before a bullish breakout.
- Content Editor ( coinpedia.org )
- 2024-11-18
PEPE Price Could 10x: Why This Meme Coin is Gaining Traction