Meme coins have a unique place for PEPE Coin because it built a strong community by drawing volume during tough times. The frog-themed meme coin tried something different. With continuous double-digit increases, it caught the attention of Binance and others last year and was listed in a low-volume environment.
Future of PEPE Coin
Last year, in an environment where the daily total volume fell to 14 billion dollars, it managed to draw a volume close to 1 billion dollars. Under today’s conditions, the mentioned figure corresponds to something around 10 billion dollars. The reason Binance and others were attracted was this strong interest in PEPE Coin.
After the Binance listing, the price reached an ATH level and now, in the heated environment of 2024, it broke a new all-time record. Meme coins are especially seen as a quick profit opportunity by new investors entering the markets. PEPE Coin has proven itself in this area, so it could see effective gains in the bull market expected to last at least until mid-2025.
Although it narrowly escaped collapse when some managers in the team emptied the treasury, PEPE Coin solidified its ground by overcoming this challenging process.
PEPE Coin Price Prediction
The price is currently squeezed between the 100 EMA (0.00001390) and the 200 EMA (0.00001218). If the 100 EMA cannot be maintained as support, a return to the bottom of this range will be expected. Trading within the Ichimoku Cloud usually reflects a period of consolidation and indecision. The current situation for PEPE Coin also shows this. After the last peak, the bulls weakened.
On the daily chart, the price, which rose from approximately 0.000009 to 0.000017 dollars at the end of May, is trying to find its balance at 0.000014 dollars. If sales continue below 0.000012 dollars, this could accelerate profit-taking with the change in market sentiment.
The two exponential moving averages (EMA) at 0.00000871 and 0.00000623 are upward trending. For now, since the BTC price is holding above 70,000 dollars, it may not be necessary to be too pessimistic about PEPE Coin. With the US data coming on Friday, volatility is likely to increase, and altcoins may start to adopt a more decisive stance in terms of direction.
