- PEPE trades at $0.00001027, up 7.81% in 24 hours but down 41% over the past month; its yearly gain stands at 909%.
- 51% of holders are in profit, while 47% face losses, marking a shift in investor sentiment.
- Analysts predict a 68.93% rise in February, potentially pushing the token up 206.40% from current levels.
Meme coins are back in action. The crypto market is seeing gains across assets, but some stand out more than others. While Shiba Inu (SHIB) struggles, Pepe Coin (PEPE) is racing ahead. The frog-themed token is making waves. But can it push through resistance and hit new highs this month?
At press time, PEPE trades at $0.00001027, marking a 7.81% gain in the last 24 hours. This comes despite a brutal 41% drop over the past month. But zoom out, and the picture changes. Over the last year, the meme coin has skyrocketed by 909%.
December was a turning point. The meme coin closed 2024 at an all-time high of $0.00002825. The current price sits 63% below that peak. Can February bring another rally?
IntoTheBlock data sheds light on investor sentiment. Right now, 51% of PEPE holders are in profit. Another 47% are in the red, waiting for a reversal. This marks a shift, more investors are seeing gains than losses.
Pepe’s February Price Predictions
CoinCodex analysts predict big moves. Their forecast shows a potential 68.93% surge in February. That could take PEPE to an average price of $0.00001697. The projected range varies from $0.08907 to $0.00003078. If the higher end holds, the meme coin could rally 206.40% from today’s levels.
Despite its volatile past, the meme coin remains a market favorite. Its community is strong, and traders are betting on another breakout. If February delivers as predicted, the frog-themed coin could set a fresh all-time high. Whether it sustains those gains, however, remains the big question.