pepe coin As of today, it is worth $0.000008893 and has increased by 5.11% in the last 24 hours. Its market capitalization is $3.73 billion and its 24-hour trading volume reached $1.30 billion. Pepe Coin is making some waves despite its modest market dominance of 0.14%.
On March 9, 2024, Pepe Coin reached its highest price ever, reaching $0.0000059873. On the other hand, its lowest recorded price was $0.00000000001057 on April 14, 2023. Since then, Pepe has had fluctuations. The lowest point since the last all-time high was $0.0000057596 and the highest point since the last low was $0.0000059213.
Looking ahead, sentiment around Pepe Coin’s price prediction appears to be bullish, with the Fear and Greed Index showing an extreme greed level of 81.
In terms of supply, there is currently 420.69 trillion PEPE in circulation of the same amount of maximum supply.
Pepe Coin Price Prediction: Why Did PEPE Price Rise?
A trader bought 600B $PEPE($1.04M) from #Binance at a high price last year.
After 10 months of patient holding, $PEPE has experienced a surge!
NEWS CONTINUES BELOWHe deposited 200B $PEPE($1.48M) to #Binance for profits, with 400B $PEPE($2.91M) left.
His total profit $PEPE is ~$3.35M. pic.twitter.com/cUzWDRkcOb
— Lookonchain (@lookonchain) March 4, 2024
Pepe’s rise in popularity is fueling the coin’s upward trajectory. Retrieved from LookOnChain informationssheds light on Pepe’s appeal, especially among crypto whales.
According to reports, a single crypto- whale received 840.86 billion coins from Binance. This significant purchase underscores how much attention Pepe is getting in the crypto world right now.
The term “crypto whale” refers to individuals or organizations that own large amounts of cryptocurrency. In this regard, one such whale purchased a large amount of Pepe from a popular cryptocurrency exchange called Binance. This purchase shows that there is strong demand and interest in Pepe among large investors, which could contribute to the rise in the value of the coin.
How High Can PEPE Price Rise in March?
The current landscape surrounding Pepe provides a compelling narrative for potential price growth. PEPE is trading above its 200-day simple moving average, indicating an upward trend, and the fact that it has had a green day in 19 of the last 30 days, a significant positive performance of 63%, shows that the momentum is clearly in favor of price increase. Moreover, it is trading near its cycle high, indicating there is still room for further upside.
An important factor contributing to Pepe’s potential price increase is its high liquidity, which is reflected in its significant market capitalization. This liquidity provides a solid foundation for continued trading activity and investor confidence, making PEPE an attractive option for both short-term investors and long-term investors.
When these factors are considered together, it is reasonable to expect the upward momentum in Pepe’s price to continue. Given the current bullish indicators and favorable market conditions, meme coinIt is not unreasonable to predict that the price of will reach new highs in the near future.
Based on the analysis and considering the current market conditions, it is conceivable that Pepe Coin could indeed trade in the range of $0.000008149 and $0.00003891. This represents a wide range of potential price movements, ranging from a more conservative lower end to a significantly bullish upper end.
According to estimates, if Pepe reaches his upper price target of $0.00003891, it would represent an impressive increase of almost 350% from his lower bound. Such an increase would indicate significant enthusiasm in the market and investors’ confidence in the coin’s potential.
