Pundit Calls PEPE Extremely Explosive Amid Record Holder Metrics

PEPE, the third-largest meme coin after SHIB and DOGE has been generating considerable buzz recently as analysts predict it could soon experience a significant price surge.

CryptoZeus, a well-known analyst within the meme coin community, has raised expectations for PEPEs future, describing the token as extremely explosive.

In a recent YouTube video, CryptoZeus highlighted PEPEs resilience amidst market fluctuations, noting that the coins price consolidation suggests it could be on the cusp of another breakout. PEPE could potentially be on the drive for another explosive breakout coming up soon, he said, referencing a triangle consolidation pattern since December 9.

He further predicted that if this breakout materializes, PEPE could reach 0.0000314 USD, with the possibility of the coin eliminating up to four zeros from its price, setting a new all-time high for the token.

He also underscored the critical role of community support and retail adoption in the success of meme coins like PEPE. The token is already gaining significant traction, particularly among large retail holders, with over 92,000 investors contributing substantial amounts. Additionally, PEPEs community continues to grow rapidly, with more than 355,300 holders and approximately 1,000 new holders joining daily.

In addition to these positive developments, recent whale activity has further fueled speculation about PEPEs potential. Recently, one of the largest whales, which had not traded for over 600 days, moved 2.1 trillion PEPE tokens worth $52 million. Such activity suggests a surge in interest from large investors, further fueling expectations of a significant price rally for PEPE. This has led many to draw comparisons between PEPE and other meme coin success stories like DOGE and SHIB, which saw explosive growth in previous bull markets.

Predictions from CoinCodex also suggest that PEPE could reach $0.000152 by 2029, representing a 600% increase. Other forecasts also indicate significant growth in the next two to five years, with many analysts believing that PEPE is on the cusp of a parabolic price movement.

The broader market environment also adds to the optimism. Bitcoins recent price rally has historically led altcoins, including meme coins, to follow suit, often resulting in impressive performances. According to CryptoZeus, this ongoing bull run could continue attracting institutional money into Bitcoin and blue-chip coins like PEPE, providing a significant boost in price.

In a bull market, the money flows into blue-chip cryptos. While low-cap coins can offer quick profits, blue chips like Bitcoin and PEPE generally outperform as institutional money pours in. He added.

PEPE was trading at roughly $0.000019 at press time, reflecting an 11.81% drop in the past 24 hours. However, the coins trading volume surged by 60% during the same period, reaching $3.45 billion. Additionally, PEPEs market cap climbed from the 25th to the 23rd, underscoring its growing momentum despite the price decline.

Text source: ZyCrypto

Cryptocurrency