Prominent meme cryptocurrency Pepe Coin (PEPE) has been making headlines lately. The asset recently managed to score big in its market cap. PEPE’s market value rose over the $10 billion mark. An array of established assets like Litecoin (LTC) and Uniswap (UNI) made way for PEPE as it emerged as the 20th largest cryptocurrency. Amidst this, the price of the meme coin also saw a rise. Find out how high PEPE can surge during the last month of 2024.
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PEPE’s All-Time High
Earlier today, PEPE surged to a high of $0.00002748. Following a slight correction, the meme coin traded 9.1% below this peak. At press time, the asset was trading at $0.00002518 after a 1.48% rise over the past 24 hours.
In addition, strong institutional interest was indicated by the $1.14 billion rise in whales’ PEPE holdings over the weekend. Cryptocurrency expert Ali Martinez brought this development to light. Usually, when whales create the groundwork for bullish momentum, this kind of accumulation has come before price surges.
The increase in whale activity coincides with PEPE’s incorporation into MoonPay. This is a cryptocurrency payment service that now enables over 20 million customers in 180 countries to buy the token using Venmo and Apple Pay. The latest spike in the asset could be related to the increased whale activity as well as this collaboration.
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December Prediction
Data from CoinCodex implies that PEPE will rise to a high of $ 0.00007172 later this month. This further notes an 182% spike from the meme coin’s current price mark. But the market has to watch out for a potential drop to $ 0.00002655 which is currently much higher than the asset’s new all-time high. Meanwhile, the average trading price of PEPE lingers at $0.00004282.
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