Pepecoin (PEPE) hasn’t just attracted attention but has also positioned itself among the leading meme coins in 2024 by displaying a remarkable growth curve. Its evolution is striking, especially considering that its lowest price was $0.00000005514 on April 18, 2023, over the last 12 months. Pepecoin (PEPE) has come from such humble beginnings to now trade at a value that’s higher than its previous all-time low by a whopping 14,799.18%.
On the other hand, the coin reached its peak on March 14, 2024, amounting to $0.00001064. This peak showed enthusiasm, perhaps speculation within the community. However, it should be noted that despite this high point, current prices stand at about 22.77% lower than what they were then. This fluctuation brings out how dynamic the cryptocurrency market is and how it ebbs and flows.
Pepe Coin traded at $0.058211 at the last update with a strong 24-hour trading volume of $973.55M and a market capitalization of $3.45B. Pepecoin, despite having a small decrease of 5.73% over the last 24 hours, still holds sway among investors and supporters due to its resilience and possibility for further growth.
Pepecoin (PEPE) Potential to Surge 50%
According to crypto analyst Matthew Hyland, despite experiencing a pullback from its all-time high (ATH), Pepecoin (PEPE) appears to be gearing up for significant upward movements. There are still questions about PEPE’s future pricing, but Hyland shared a bullish outlook. The analyst noted its resilience and strength in the face of recent market dynamics. In addition, he noted that the coin was attempting to go above of its resistance levels, indicating an opportunity for further gains.
The coin’s remarkable resilience has been underscored by Hyland, especially during a significant increase of 10xt. The analyst opined that if PEPE can confirm a close above key resistance levels, then it may be the beginning of major bullish momentum.
Another analyst also shared this optimistic view, referring a Bullish Pennant Breakout already seen in the 6-hour timeframe. This breakout pattern usually indicates a continuation of the ongoing uptrend, and there should be an expectation for a 40-50% bullish wave in the near future.
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