PEPE Coin, the meme-inspired cryptocurrency, has made headlines in the crypto market as it reached its all-time high (ATH) of $0.00001467 and secured a spot among the top 20 cryptocurrencies by market cap, which currently stands at $6 billion.
Originally launched as a meme token, PEPE Coin has transformed from a niche internet joke into a serious contender in the crypto market. Its impressive growth can be attributed to effective marketing strategies, strong community support, and strategic partnerships. This success signifies the increasing demand for meme coins and investors’ curiosity to explore beyond traditional cryptocurrencies like Bitcoin and Ethereum.
Experts predict that within a year of its launch, PEPE Coin could become the fourth largest crypto asset, given its current ranking at 20 by market cap. This reflects the evolving nature of the crypto ecosystem, where unconventional meme projects can gain mainstream attention and achieve success.
At present, PEPE is trading at $0.00001433 with a market cap of $6 billion, highlighting its strength and prominence in the market. If the bullish trend continues, the price of PEPE may reach the resistance level of $0.00001510, with the next resistance level at $0.00001875. Further gains could push the price even higher, potentially hitting $0.00002010.
On the other hand, if the trend reverses, the price of PEPE may fall to the support level of $0.00001365, followed by the next support level at $0.00001216. The lowest support level it might touch is $0.00000767.
Looking ahead, if PEPE establishes itself as a top investment in 2024, this year could prove favorable for the coin. Market momentum and investor sentiment would provide additional support, and future upgrades and advancements could potentially propel PEPE to surpass its current ATH and set a new record.
In other news, a subsidiary of Gate.io has ceased operations and withdrawn its license application in Hong Kong.
