The holiday spirit is currently in the crypto space, with the altcoin market buzzing with new developments and activity. The meme space is also thriving, with investment inflows increasing by the day. In this context, Pepe has been attracting incredible attention recently, creating a new wave of speculation about whether the token has the strength to reach new highs before Christmas 2024.
Pepe: How high can prices go this December?
Pepe has had a breakout November, with the token recording some spectacular price action to work with. For example, Pepe surged over 10% last week, following a staggering 154% gain last month. The token is currently priced at $0.00002067 and is now heading for new highs amid a thriving and hyped market.
November was particularly beneficial for the meme coin, setting the stage for its further growth. The token hit new highs and was part of a larger speculative asset narrative where it gained maximum attention as Bitcoin hovered around $99,000.
“The top trending tokens in crypto are dominated by meme coins as speculative assets dominate this historic bull run. The top 6 notable assets with significantly higher discussion rates on social media are PNUT, PEPE, DOGE, MEME, NUX, and COIN. Bitcoin is in 7th place.”
In December, Pepe's bullish momentum slowed down a bit, but the prospect of the token reaching new highs in the near future remains strong.
Token Price Prediction December
According to CoinCodex, Pepe could reach a new price of $0.00005702 around Christmas 2024.
By the end of December, the token price could reach an all-time high of $0.00006860, increasing 235% in the process.
“According to our current Pepe Coin price prediction, Pepe Coin price is predicted to increase by 235.04% and reach $0.00006860 by January 2, 2025. According to our technical indicators, the current sentiment is bullish while the Fear & Greed Index is showing 76 (extreme greed). Pepe Coin recorded 15/30 (50%) green days with a price movement of 28.75% in the last 30 days. Based on the Pepe Coin forecast, now is a good time to buy Pepe Coin.”