PEPE Price Prediction: Is $1 Possible for PEPE in 2024 as it His New ATH?

The frog meme coin, well-known. At $0.00001101, the price of PEPE has reached a new all-time high record. Is this the beginning of a bull run to $1 or something else?

 

 

PEPE‘s value was $0.00001101 an hour ago, a 22.30% increase in price in the last day. Officially, this meme coin has reached a new all-time high record. For the second time this year, the frog meme coin has surpassed its ATH; the first occurred in March when the price of PEPE spiked and set a previous ATH.

 

PEPE continues to be optimistic, and it’s possible that it will move considerably higher in the next days. The market’s rising demand for tokens is the reason behind this. The trade volume has increased by 300% in the last day as a result. In addition, PEPE’s market capitalization has increased by 22%, reaching $4,540,608,117.

 

The token’s market cap is currently ranked 23rd on CoinmarketCap, a significant improvement from before. PEPE is expected to rank among the top 20 cryptocurrencies if the current trend holds true.

 

 

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PEPE Price Prediction: Why Is PEPE Price Pumping?

 

The PEPE price spike that started yesterday is still going strong today. Two massive peaks have formed on the token thus far, separated by only a few hours. The PEPE spike has not yet reached its endpoint. If the trend keeps on, we might see a higher peak.

 

This success has propelled PEPE to the position of most profitable meme coin, surpassing DOGE and SHIB. For the past month, the PEPE price has been steadily rising, resulting in a 95% increase in price. What caused PEPE to reach its all-time high?

 

Three major reasons contributed to this upsurge. Some of the factors contributing to this include PEPE’s rising market prominence, the demand for meme currencies, and the intervention from whales.

 

 

 

 

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PEPE Price Prediction: PEPE Is Still Popular After A Year

 

PEPE, which debuted around the same time last year, is now investors’ favorite meme coin. The token’s early investors made hundreds of thousands of dollars as it reached a peak shortly after its launch in 2023. Even if PEPE’s price dropped, its popularity remained same. With three months of advances in a row, PEPE’s credibility was restored at the beginning of this year.

 

 

These two profitable occurrences helped establish PEPE’s name and reputation in the industry. Its stellar reputation propelled its worth to ATH for several days. Not to mention that the cryptocurrency market was in a correction zone, with meme coins being the only ones that remained somewhat stable. The present spike in the price of PEPE can be attributed to this general meme domination.

 

 

 

 

 

 

PEPE Price Prediction: A Rise in Whale Activity

 

 

According to the Sentiment report, there has been a more than 416% spike in the last 24 hours for whales with transaction values exceeding $100,000. As a result of this upsurge, the daily volume of whale transactions has increased from 35 to 697.

 

This frog meme coin’s price increase set off the PEPE whales. The whale boosted their transaction pace in pursuit of gains, and their participation contributed to the total ATH high. In addition, the data shows that 8.03 trillion tokens have been inflows, a 255% rise.

 

Despite a jump in the outflow rate to 6.73 trillion PEPE, the value has soared due to a net influx of 1.3 trillion coins. But because these whales consume all the market earnings, it can lead to selling pressure.

 

 

 

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Is $1 Possible for PEPE?

 

PEPE, the meme coin, has once again demonstrated its value to investors, as it reached a new all-time high today. As a result, greater gains in PEPE price are anticipated before the year comes to a close. Many people who have put their money into PEPE are hoping that it will soon reach $1 and join the ranks of the top ten cryptocurrencies.

 

It will take a lengthy bull run for the value of the frog meme coin to get close to $1, and there is still a long way to go. Nevertheless, the token’s consistent appreciation over time suggests that it may one day leap to $1.

 

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How to Buy Pepe Coin?

 

 

Notable options for buying PEPE include BTCC, Binance, and KuCoin. Among these, BTCC is one of the best exchanges as it witnesses a large trading volume of PEPE/USDT. Compared to Binance, BTCC has no regulatory concerns and is available in U.S., Canada and many other countries in Europe. Furthermore, BTCC exchange is highly recommended due to its favourable attributes such as extremely low fees, user-friendly interface, excellent customer support, and robust security measures with no reported hacks or security breaches to date.

 

Below is a step-by-step guide on how to buy Pepe coin on BTCC.

 

Step 1: Login in your BTCC account. If you’re new user, check our sign up guide to register here.

 

Step 2: Click here to buy PEPE. BTCC offers a leverage up to 50x for PEPEUSDT Perpetual.

 

Step 3: After setting up the leverage, choose the order type.

 

Step 4: Finish other settings, including the Stop Loss/Take Profit.

 

Step 5: Click the Buy PEPEUSDT Perpetual button (green) and confirm the order.