The meme-inspired cryptocurrency PEPE is making headlines with a remarkable price increase. Over the past 24 hours, the token has surged by 20%, hitting a peak of $0.00002622. This significant rise has pushed its market capitalization beyond $11 billion, positioning PEPE as the third most valuable meme-based digital currency.
How Have Large Investors Affected Prices?
The influence of large investors, known as whales, has been crucial in driving PEPE’s recent rally. Data shows that these substantial buyers have made significant purchases in recent weeks, which has led to a decrease in market supply and a subsequent price increase. This trend has substantially boosted PEPE’s market presence.
Will PEPE See a Price Increase of 150%?
Market expert Javon Marks predicts that PEPE could rise by 150% in the coming weeks, a projection that traders are closely observing. This optimistic forecast suggests that PEPE could continue to gain momentum in the competitive landscape of cryptocurrencies.
Key takeaways from PEPE’s recent performance include:
- A 20% price increase in 24 hours.
- A market cap exceeding $11 billion.
- Increased trading volume of 78%, totaling $1.67 billion.
- Potential for a further 150% price rise according to market analysis.
The recent price movement of PEPE has sparked renewed interest among traders and investors alike. As market conditions fluctuate, the future trajectory of PEPE’s performance remains a focal point for many in the cryptocurrency space.