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Can The Meme Coin Hit New ATH?

May 16, 2024
in Altcoin
Reading Time: 2 mins read
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Can The Meme Coin Hit New ATH?
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Pepe Coin (PEPE) has been forging new milestones with its recent price performance. As the weekend approaches, the question on everyone’s mind is whether PEPE can continue its impressive run and hit a new all-time high (ATH).

PEPE’s Remarkable Performance

Over the past week, PEPE has demonstrated a remarkable 24.8% increase in value, showcasing its strong momentum and growing popularity. In addition, the meme coin’s performance over the last 30 days has been even more impressive, with a 106.6% surge.

Looking back over the past year, PEPE has skyrocketed by 493.1%, cementing its position as one of the most noteworthy developments in the crypto space.

Also read: Ripple: ChatGPT-4o Predicts When XRP Price Will Rebound

Coincodex Prediction: New ATH on the Horizon

Source: Coincodex

According to a prediction by Coincodex, a renowned cryptocurrency analysis platform, PEPE is likely to hit a new ATH of $0.00001158 this weekend. Also, this forecast has generated notable excitement among PEPE holders and potential investors, as it suggests that the meme coin’s upward trajectory is far from over.

Data from Coingecko, a leading cryptocurrency data aggregator, reveals that PEPE already achieved a new ATH of $0.00001151 on May 15, 2024. This milestone serves as a testament to the meme coin’s growing popularity and strong support.

Also read: Dogwifhat: Can WIF Hit $4 This Weekend?

Looking ahead, Coincodex’s price prediction for Pepe Coin indicates a staggering 221.55% price rise, reaching $0.00003326 by June 15, 2024. This projection has added to the excitement surrounding PEPE and its potential for substantial gains in the near future.

The current sentiment surrounding PEPE is overwhelmingly bullish, as indicated by various technical indicators. A popular metric to gauge market sentiment, the Fear & Greed Index, currently stands at 70, indicating a strong sense of greed among investors. PEPE’s impressive track record, with the meme coin recording 20 out of 30 (67%) green days over the last month and a modest 19.67% price volatility, further supports this bullish sentiment.

Also read: Top 3 NFT-Related Cryptocurrencies To Watch In May

Credit: Source link

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