Pepe Coin (PEPE) made a splash in 2023, positioning itself behind DOGE and SHIB after a market shake-up. Following subsequent declines and uncertainties, PEPE now appears to be gearing up for a potential increase in value. According to a forecast by renowned analyst Ali Martinez, Pepe Coin could experience a 54% increase if a certain condition is met.
Pepe Coin Price Could Rise by 54%
Ali Martinez’s prediction points to a significant rally, and investors seem to be closely monitoring Pepe Coin’s performance.
On the other hand, the price range between $0.00000793 and $0.00000664 is seen as a critical threshold, according to the analyst. Moreover, a positive close outside this range could trigger incredible surges in Pepe Coin’s price.
The analyst also noted that such a close could bring about a potential 54% upward move for PEPE. If Pepe Coin can rise above $0.00000793, it could potentially reach an all-time high of $0.0000122. As of this writing, PEPE’s ATH is at $0.00001074, recorded on March 14, 2024.
Furthermore, Coinbase International’s decision to include Pepe Coin perpetual futures, set to be implemented on April 18th, could also have a positive impact on PEPE.
This could be a significant milestone for the meme cryptocurrency. This move could increase liquidity and market participation by allowing investors to speculate on price movements without a deadline restriction.
Following the news of its listing on Coinbase International, Pepe Coin saw a notable increase in trading value. Consequently, the price of Pepe Coin rose by approximately 5% thereafter.
The price increase can be seen as a reflection of the market’s positive sentiment towards the growing accessibility and trading options for Pepe.
What is PEPE’s Current Dollar Value?
Introduced to the market in April 2023, Pepe Coin remained in third place in terms of market value for a long time before being overtaken by WIF, now ranking fourth among meme coins. As of this writing, Pepe Coin has a market value of $3.02 billion, underscoring its significance in the crypto space.
Despite facing significant criticism from Coinbase in the past, the community’s resilient stance for the cryptocurrency seems to continue.
As of this writing, PEPE continues to trade at $0.0000069 following a 4.8% decrease.
