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- $PEPE Coin recorded an $ATH of $0.00002748, marking a 140% growth in the past 30 days.
- $PEPE Coin now holds a market cap of $11.15B, surpassing major cryptocurrencies like $LTC and $UNI.
In the ongoing bull cycle, $PEPE, the third-largest memecoin in the crypto market, has once again hit a new all-time high ($ATH) within the past 30 days. According to CoinMarketCap data, $PEPE Coin reached its $ATH of $0.00002748 just 4 hours ago.
This surge in $PEPE’s price has propelled the memecoin to overtake well-established cryptocurrencies like Litecoin ($LTC) and Uniswap ($UNI), securing its position as the 20th largest cryptocurrency by market cap. At the time of writing, the $PEPE price was $0.0000265, holding a market cap of $11.15 billion, signaling strong investor interest and continued bullish momentum.
Despite trailing behind Dogecoin and Shiba Inu in market cap—at $65.54 billion and $18.23 billion, respectively—$PEPE holds its position as the third-largest memecoin, though analysts believe it still faces an uphill battle to overtake $SHIB.
The global crypto market enjoying a strong bull run, largely driven by Bitcoin’s impressive rally—above the $103K zone. Further, Ethereum’s recent price breakout, reclaiming the $4K, has boosted the entire crypto ecosystem. The surge in ETH value has positively impacted Ethereum-based tokens, driving increased interest.
This has sparked optimism across the market, benefiting major altcoins, especially memecoins. Popular meme tokens like Shiba Inu ($SHIB) and Dogwifhat (WIF) have also seen exponential growth.
$PEPE’s Bullish Outlook and Price Target
$PEPE’s rapid rise has been a highlight in the past few days, with analysts predicting continued bullish momentum. Some are even speculating that $PEPE could eventually reach the $1 milestone by 2025. However, this target remains a long way from its current $ATH.
Since its launch in April 2023, $PEPE has witnessed a jaw-dropping 46,373% increase. Moreover, $PEPE’s open interest has surged to a new high of $369.91 million, with a 10% rise over the last 24 hours, according to Coinglass data.
Looking ahead, the memecoin is currently following an ascending channel, with higher highs and lows, indicating a bullish trend as it moves between two parallel trend lines.
Zooming in, $PEPE’s price is expected to trade within a bullish range. With $PEPE’s strong bullish momentum, reflected in its RSI of 71 and a CMF of 0.18, analysts are optimistic about its future.
However, with signs of overbought conditions, the altcoin is expected to face resistance soon. TheNewsCrypto analysts have set a bullish price target of $0.00003600 for the token by the end of the year.
Disclaimer: The opinion expressed in this article is solely the author’s. It does not represent any investment advice. TheNewsCrypto team encourages all to do their own research before investing.