In a recent tweet from IntotheBock, the crypto community was alerted to the awakening of $PEPE, a meme-inspired cryptocurrency that has garnered attention with a substantial price surge. The latest data reveals that an impressive 63.2% of PEPE holders are currently in profit, marking it as the second-highest profit ratio among the leading meme coins in the market.
The surge in profitability is not the only positive sign for the coin. Active addresses have witnessed a remarkable uptick, peaking at nearly three times the number recorded just last week. Transaction activity is also on an upward trajectory, with large transactions experiencing a significant spike from a monthly low of approximately 10 daily to an impressive 160, while the total number of daily transactions has soared to over 5.6k.
PEPE Price Analysis and Market Position
At the time of reporting, the cryptocurrency is trading at $0.000002 with a 24-hour trading volume of $206 million. Over the past 24 hours, the coin has demonstrated a 2.08% increase; in the weekly chart, it has surged by an impressive 37.65%. It currently holds the 87th position on CoinMarketCap, boasting a market cap of $641 million. The circulating supply stands at 417,481,332,889,206 PEPE coins out of a maximum supply of 420,690,000,000,000 PEPE coins.
Over the last month, the coin has experienced a notable 25.9% price increase, adding an impressive $0.00000037 to its value. This sudden growth has positioned the coin as a potential solid asset, provided the positive momentum continues. In the past 30 days, Pepe Token has recorded 16 out of 30 (53%) green days, reflecting a 9.58% price volatility.
Analysts and enthusiasts are looking towards the future with optimism for the coin. The latest price forecast suggests a potential 5.27% increase, reaching $0.000001579 by December 09, 2023. Technical indicators are signaling a bullish market sentiment of 85% for PEPE, while the Fear & Greed Index is displaying a score of 72, indicating a prevailing sentiment of greed among investors.
Looking further ahead, predictions for the end of December indicate a price range between $0.00000128 and $0.00000166. This forecast underscores the prevailing confidence in PEPE’s potential for continued growth and stability in the crypto market.
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