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PEPE price

PEPE’s Price Hit New ATH: Investor Rake In Millions With 15,718x Gains

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As PEPE exploded to an incredible new all-time high price of $0.00001156 today, it’s being viewed by those tracking its moves as part of a flurry of activity within the crypto sphere. A look at data from Lookonchain reveals one person has realized huge gains, coming out with just over $46 million after investing strategically in PEPE tokens with an initial investment of just $3,000. A feat truly awe-inspiring and tantamount to a gain of 15,718 times the initial investment.

The individual made a strategic move by purchasing 4.9 trillion tokens, equivalent to approximately $56 million at the current market value, on April 15, 2023. Subsequently, capitalizing on the surge in PEPE’s price, the investor sold 1.41 trillion tokens for $7.4 million, retaining 3.5 trillion tokens with an approximate value of $38.9 million. The cumulative profit accrued from these transactions stands at an impressive $46.3 million, showcasing the remarkable potential for significant returns within the volatile cryptocurrency market.

In a separate development, Lookonchain highlighted another significant transaction involving a savvy investor in PEPE tokens. This investor, described as a ‘smart money’ player, embarked on a strategic buying spree from December 1, 2023, to February 12, 2024, accumulating a total of 1.4 trillion PEPE tokens at an expenditure of $1.49 million. 

Demonstrating astute market timing, the investor recently capitalized on the heightened market valuation by selling 140 billion tokens, constituting 10% of their total position, for an impressive $1.57 million. As a result, the investor currently retains 1.26 trillio tokens, valued at approximately $14 million, yielding a total profit in excess of $14 million. The return on investment (ROI) for this transaction stands at an exceptional 943%, underscoring the lucrative opportunities present within the cryptocurrency market for adept investors.

Widespread Profitability Among PEPE Investors

Meanwhile, data from Intotheblock paints a picture of widespread profitability among PEPE investors. All 233,000 addresses collectively holding some 413 trillion PEPE tokens are now in the green, and it looks like every investor is ripping the rewards of this unprecedented bull run. Indeed, at this new pinnacle of value, every single holder finds themselves in a position of profit.

The market activity around PEPE underlines just how meteoric the rise of cryptocurrency has been and how significant this source of wealth has been to savvy investors. Their success stories actually bear testimony to the fact that digital assets really hold the potential for huge gains.

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PEPE Hits New All time high: Analyst Eyes Further Gains & Set Target at $0.00002000

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Pe­pe Coin (PEPE), a prominent meme­ cryptocurrency, has captivated attention and e­xperienced a substantial value­ surge. Recently, it re­ached an unprecede­nted peak of $0.00001119, surpassing the $0.000010 thre­shold for the first time since March 15th.

Ove­r the past week, the­ meme coin has witnesse­d a remarkable 30% value e­scalation, while over the pre­vious month, its value has soared by an astounding 104%. Surpassing other me­me coins like FLOKI, Shiba Inu, and DOGE, PEPE has eme­rged as the top performe­r in this cycle, outshining its rivals.

At the time of writing, the­ meme coin has retracte­d slightly from its peak and is currently trading at $0.00001093, with a 24-hour trading volume of $3.10 billion and a marke­t cap of $4.60 billion. Notably, the meme coin’s price­ has increased by 16.75% within the last 24 hours.

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PEPE Hits New All time high: Analyst Eyes Further Gains & Set Target at $0.00002000 3

Breakout Confirmed: Target Price Set at $0.00002000

Cryptocurrency analyst World Of Charts has highlighted the impressive performance of the meme coin, a digital asset that is currently making significant strides towards its targets. The cryptocurrency has achieved a profit margin exceeding 45%, signaling robust momentum and suggesting the potential for additional gains in the near future.

World Of Charts previously identified a bullish sentiment surrounding the meme coin, noting that it appeared poised for another substantial breakout. Their analysis indicated that PEPE had formed a bullish flag pattern and was in the process of testing its upper resistance level. 

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If PEPE successfully break out from this pattern, the analyst anticipates a new bullish wave, with projections estimating a potential increase of 80-90% in the coming days. At present,  the meme coin has confirmed its breakout, and World Of Charts forecasts further gains as the cryptocurrency moves towards its target price of $0.00002000.

PEPE Investors Rake in Millions

This huge rise­ has given big gains to some smart investors. Data from Lookonchain shows that an e­arly investor recently put 250 billion PEPE, worth $2.67 million, into Binance­ to make money just 55 minutes ago. This inve­stor had first bought 474.95 billion PEPE for $4.8 million at a cost of only $1,000, making a huge profit of around $3.6 million.

Also, another smart investor, referred to as “smart money”, took 406.74 million PEPE, worth $4.26 million, out of Binance 20 minutes ago. This inve­stor had earlier made $3.72 million on PEPE and had a good re­cord of making money from trades across eight diffe­rent tokens.

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PEPE on the verge of Breakout: Analyst Predicts 80%-90% Bullish Wave

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PEPE is a meme coin that has managed to catch people’s attention due to its sharp rise in price within the market. The fact that the surge has not died down means that it may still experience even higher highs soon enough. Moreover, what is even more surprising about this whole situation is that despite the recent bearish trends which affected all other coins, PEPE did not lose its steam and instead showed amazing resilience, bouncing back rapidly from recent lows.

Analyzing the coin’s recent performance indicates a slight positive shift. Specifically, PEPE saw a 0.31% increase in value just this week. Although small, this move would have seemed quite impressive given the current difficulties of the crypto market.

Fast forward to the present moment, and the numbers continue to paint a picture of its growing prominence. With a current price of $0.057689, a 24-hour trading volume reaching a staggering $1.26 billion, and a market capitalization standing tall at $3.23 billion, its presence in the cryptocurrency realm is undeniable. Moreover, the latest data reveals that PEPE’s price has surged by an impressive 9.60% in just the last 24 hours, further solidifying its position as a noteworthy player in the crypto market.

PEPE 1D graph coinmarketcap 3

Analyst Eyes 80%-90% Surge For PEPE

Crypto analyst World Of Charts has recently expressed a bullish sentiment regarding PEPE, suggesting that the cryptocurrency is on the cusp of another significant breakout. According to their analysis, PEPE has formed a bullish flag pattern and is currently testing its upper resistance level. 

In the event of a breakout from this pattern, World Of Charts anticipates the possibility of another bullish wave, projecting a potential increase of 80-90% in the coming days.

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Such an attitude towards PEPE’s future prospects can be viewed as quite optimistic because it draws attention to the opportunities for considerable profits which can be derived from the bullish flag pattern as well as resistance levels indicated by technical analysis indicators. It suggests that there might still be room left for PEPE upward motion, hence creating chances that could make people profitable who want to invest more into this cryptocurrency.

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PEPE Breakout: Analysts Predict Surge to $0.0000019, Reflecting 31% Gain

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In a recent post on X, crypto analyst Ali Martinez shared insights on the potential breakout of $PEPE from a descending parallel channel, hinting at a bullish momentum for the meme coin. According to Martinez, if the breakout is confirmed, the memecoin could advance towards $0.0000016 or even $0.0000019.

The surge in PEPE’s price coincides with the approval of Bitcoin spot ETFs by the US Securities and Exchange Commission (SEC). While Bitcoin itself has experienced a modest 5% increase following this bullish news, altcoins in the sector have exhibited notable surges.

Pepe Token’s Journey to $0.0000019

The breakout from the descending parallel channel suggests a positive trend for the memecoin, aligning with historical patterns associated with such breakouts. However, it is crucial to note that the breakout has just been initiated, and confirmation is needed for the bullish momentum to continue.

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Ali Martinez has outlined $0.0000016 and $0.0000019 as the potential price levels for the memecoin, marking distances equal to half-length and full-length of the channel, respectively. A successful touch at the former would indicate a 12% rally from the current price while reaching the latter would imply an impressive 31% increase.

As of the latest update, the current price stands at $ 0.0000001367, with a 24-hour trading volume of $ 240.76M and a market cap of $ 575.08M. Over the last 24 hours, PEPE has seen a significant 12.27% price increase, and its positive trend over the past week has resulted in an 8.34% gain.

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Pepe (PEPE) 24 Hours Chart | Source: CoinMarketcap

Moreover, technical indicators from Changelly signal a 41% Bullish market sentiment on Pepe Token, while the Fear & Greed Index displays a 73 (Greed) score.

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PEPE Breakout: Analysts Predict Surge to $0.0000019, Reflecting 31% Gain 9

Looking ahead, crypto experts predict an average PEPE rate of $0.00000121 in January 2024 based on the price fluctuations observed at the beginning of 2023. The expected minimum and maximum prices for the memecoin are forecasted at $0.00000109 and $0.00000133, respectively.

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