As in many markets, the basic principle in crypto is to buy low and sell high. However, most fail to achieve this. You often see investors in cryptocurrencies selling at a lower price when it drops a bit more and then buying at a higher price, zeroing their balance. Therefore, the time to buy the right projects is during dips. Some altcoins bring significant losses, while others rise and bring gains. The choice is in the hands of the investors.
PEPE Coin
One of the few altcoins that marked last year was PEPE Coin, achieving significant gains. This year, it was also one of the most interesting among meme coins. Of course, it couldn’t withstand the BTC drop, and investors faced losses. So, what about the whales?
When we examine Pepe (PEPE) whale activity, the increase in the accumulation of addresses holding between 100,000 and 10 million PEPE Coins is noteworthy. Despite the price drop, this whale group increased their assets by 3%. Considering the overall increase in demand in the last day, whales might have found support.
In addition to the increase in addresses holding between 100,000 and 10 million PEPE Coins, there is also a noticeable recovery in the number of daily active addresses on the network. During the same period, the number of daily active addresses increased by 105%, while newly created addresses for trading tripled.
Whale accumulation, strong network activity, and the recovery in BTC price may further whet investors’ appetite.
PEPE Coin Price Prediction
Even if appetite increases, what matters is the price rising. Meme coins are particularly preferred by new investors because their high volatility quickly shows them the beautiful side of crypto with strong gains during uptrends. Conversely, when declines begin, meme coins experience very rapid losses, which can be painful for these new investors.
As for the price, DMI indicates that a rapid recovery period has not started yet. If a decline occurs, $0.000010 could be tested. On the other hand, if the BTC price closes above $63,000 and network activity along with whale interest continues, $0.000012 and higher peaks could be tested.
