The cryptocurrency industry witnessed the entry of a fairly new frog-themed meme coin in the canine-dominated arena. PEPE has been making headlines since the time of its launch. More recently, PEPE was one of the few coins that hit a new peak this month. The meme coin slowed down after a notable rally during the past 30 days.
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Is PEPE Experiencing A Correction?
The cryptocurrency traded at $0.00001932 following a 3.79% decline over the past 24 hours. It should be noted that PEPE has had a challenging week, as it dropped by over 4%. But the meme coin surged by a staggering 112% throughout the month. About 12 days ago, on November 14, the asset hit an all-time high of $0.00002524. Currently, PEPE is trading 23% below this peak.
It looks like whales were pocketing the asset while it was dipping. The meme coin’s large transaction volume currently sits at $260.3 million. This comes after an increase of 47% over the past day, according to data from IntoTheBlock.
Despite PEPE’s latest price drop, CoinMarketCap’s community sentiment revealed a bullish notion. Amidst 92458 votes, 88% were bullish about the meme coin, witnessing a major surge. In addition, only 12% of them were not positive about the asset surging in the future.
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Thanksgiving Price Prediction
Thanksgiving will likely bring great news for the PEPE community. The asset is expected to surge by over 5% from its current price and trade at a high of $ 0.00002029.
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As seen in the above chart, PEPE is all set to end November on a great note. But the asset’s chances of revisiting its all-time high or surging high this month are on the backseat for now. December may roll out new opportunities for the meme coin and its investors.
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