PEPE, a rising star in meme coins, has continued its impressive upside momentum, posting significant gains in recent weeks. As of 06:46 UTC, PEPE has surged 13% in the last 24 hours, trading at $0.00001682. This recent spike is a testament to the growing interest and organic demand for PEPE, setting it apart from many other meme coins that rely on artificial hype and speculative trading.
Growing Holder Numbers Signal Strong Demand
One of the critical indicators of PEPE’s robust performance is the exponential growth in the number of holders. In the past 24 hours alone, it has attracted 1,749 new holders, bringing the total to an impressive 230,583. This surge in holder numbers points to the increasing support for PEPE, with many investors recognizing it as the most compelling narrative in the current cycle.
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+1749 new $PEPE holders today.$PEPE made another ATH today.
Support for $PEPE is growing exponentially as people realize it’s the biggest narrative this cycle.
The cabal in shambles as $PEPE completely destroyed their business model of shillfluencer pump and dumps.
💚🐸 https://t.co/P7UKiegfZw pic.twitter.com/ekaeUyTGFM
— Plazma (@Plazma0x) May 26, 2024
Organic Demand Driving PEPE’s Popularity
Unlike many meme coins that experience rapid price fluctuations driven by shills and speculative trading, PEPE’s rise is fueled by genuine interest and organic demand. This organic growth is crucial as it indicates a more sustainable and stable upward trajectory for the coin, potentially reducing the risk of abrupt crashes typical of pump-and-dump schemes.
Not sure if the snowball effect is more satisfying or the fact that shillfluencers are in disbelief pic.twitter.com/lK7VVv0MgY
— ADH (@adh_andrew) May 26, 2024
Potential Coinbase Listing Could Propel PEPE Higher
The speculation of a potential listing on Coinbase adds to the optimism surrounding PEPE. Rumor mills have anticipated that Coinbase will soon add PEPE to its trading platform. Given its current price momentum and its growing popularity on social media, this speculation might turn into reality sooner rather than later. Coinbase already lists PEPE perpetual futures on its other platforms, such as Coinbase International, which further adds credibility to these rumors.
🐸💚$PEPE 🐸 STILL HAVE THE BIGGEST CATALYST TO SENT IT TO THE MOON 🚀🚀🚀@coinbase SPOT TRADING LISTING IS COMING SOON 🔥🔥 pic.twitter.com/NnunVCFvj7
— Zaka Crypto🐸 (@ZakaCrypto) May 26, 2024
Broader Market Factors Boosting PEPE
Beyond its internal dynamics, broader market factors also play a significant role in driving PEPE’s momentum. One notable factor is the recent approval of Ethereum ETFs. These ETFs are expected to uplift the entire Ethereum ecosystem, benefiting all projects and tokens built on it. With PEPE already bullish, the positive ripple effects from a rally across the Ethereum ecosystem could significantly enhance its market position.
Aiming for a $100 Billion Market Cap
With all these positive factors converging, PEPE is well-positioned to achieve remarkable growth in the coming months. Analysts and enthusiasts speculate that it could hit a $100 billion market cap within the year if the current trends continue. This ambitious target, while optimistic, reflects the firm belief in PEPE’s potential to become a significant player in the cryptocurrency market.
More Upside Coming
PEPE’s recent performance has been impressive, with a 13% gain in the last 24 hours and a growing number of holders. The organic demand driving PEPE sets it apart from many other meme coins, indicating a more sustainable growth trajectory. Speculation about a potential Coinbase listing and the broader positive impact of Ethereum ETFs further bolster PEPE’s prospects.
As the cryptocurrency market continues to evolve, PEPE stands out as a promising asset with the potential for significant gains soon. Whether it will reach the ambitious $100 billion market cap remains to be seen, but the current momentum and market conditions certainly make it a possibility worth watching.
PEPE Making New Highs As Bulls Sustain Momentum
PEPE continues trending upwards as buying volumes rise. Its momentum has accelerated in the last 24 hours, pushing the price towards the $0.00001700 price target. If there is a pullback in the day, it could drop to around $0.00001631, now a critical intra-day support level. Breaching the $0.00001631 support could see PEPE drop to the more solid $0.0001574 support.
Bulls Likely To Remain In Control
While a pullback could always play out in the day, the odds are higher that bulls will remain in control for the remainder of the day. Demand for PEPE remains strong as more buyers jump in to capitalize on the rising prices. At the same time, the broader market is sending bullish signals as Ethereum draws closer to $4k. These are all factors that could keep the coin heading higher in the week.
Disclaimer: Cryptocurrency is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
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