PEPE price surges 75% in 24-hours: What's Next?
PEPE has been making headlines after a massive price surge of 75% in just 24 hours, capturing the attention of crypto enthusiasts everywhere. As the price soared, so did its trading volume, which recently shot past $10 billion even outpacing its market capitalization by roughly 20%. This kind of explosive movement raises big questions: Whats driving this rally? And what could be next for PEPE? In this PEPE price article, well dive into the details behind PEPEs sudden rise, the factors pushing its popularity, and what the future might hold for this popular coin.
How has the PEPE Price Moved Recently?
Today, Pepe Coin is priced at $0.00002274, with an impressive 24-hour trading volume of $14.65 billion and a market cap of $9.57 billion, giving it a market dominance of 0.31%. In the last 24 hours, PEPE has surged by 74.75%.
Pepe Coin reached its all-time high of $0.00002545 on November 14, 2024, while its all-time low was $0.01057, recorded on April 14, 2023. Since hitting its peak, the lowest price PEPE has seen is $0.00002209, and the highest since that dip has been $0.00002462. Currently, market sentiment remains bullish, with the Fear & Greed Index at 88, indicating "Extreme Greed."
Pepe Coin's circulating supply stands at 420.69 trillion PEPE, matching its maximum supply of 420.69 trillion PEPE.
Why Pepe (PEPE) Price is UP?
PEPEs recent price spike is largely thanks to a major boost in visibility and demand following its listings on Robinhood and Coinbase on November 14. These two platforms are huge playersCoinbase ranks right behind Binance as one of the worlds top crypto exchanges, and Robinhood is extremely popular among everyday U.S. traders.
As soon as PEPE was made available on these platforms, a wave of interest kicked in, propelling its price to new highs. This increased demand isnt surprising; both platforms bring significant attention and accessibility to a wide audience, especially for retail investors who now have a much easier way to trade PEPE.
Looking forward, this surge in price could keep its momentum if the listings continue to drive interest from both individual and institutional traders. However, theres likely to be some ups and downs, as the current hype could cool off if no new updates or partnerships emerge to sustain the excitement.
If PEPE manages to keep up its visibility and community engagement, the listings on such big platforms might have set the stage for a more stable, long-term growth. But in the near term, we can expect some volatility as the market digests this big news.
How high can PEPE price go?
PEPE has shown remarkable growth over the past year, rising by an impressive 1,843% and outperforming 88% of the top 100 crypto assets. This kind of sustained performanceespecially surpassing giants like Bitcoin and Ethereumhighlights the level of interest and confidence PEPE has garnered.
Another indicator of its upward potential is its current position above the 200-day simple moving average, which suggests a strong long-term trend that many investors look for when determining a potential for growth. Coupled with a consistent performance, with 15 green days in the past month, PEPE has demonstrated resilience and continued upward movement even amid broader market fluctuations.
Looking ahead, PEPEs high liquidity relative to its market cap supports the possibility of further price increases. High liquidity generally provides a buffer against extreme volatility, allowing PEPE to maintain stability even during heavy trading periods. Additionally, while PEPE is currently trading near a cycle low, the recent surge in demand from its Robinhood and Coinbase listings could create a new support level that attracts more investors.
Given these factors, PEPEs price has room to rise further, potentially reaching new highs if it sustains current momentum. However, its essential to consider that continued growth will depend on ongoing demand, market conditions, and PEPEs ability to maintain engagement within the crypto community. With the right mix of factors, PEPE could climb significantly higher, although traders should watch for volatility as market excitement ebbs and flows.
Read more: https://cryptoticker.io/en/pepe-price-surges-75-in-24-hours-whats-next/
Text source: CryptoTicker
