🐸🐸🐸Pepe Coin Will Reach New ATH, Here Are the Key Factors Behind the Increase
#Cryptocurrency markets are entering an early bull run phase, with prices stabilizing before potential fluctuations. In the midst of this market trend, a cryptocurrency has received significant attention, #PEPE with an impressive increase of 1300%, PEPE is preparing to reach all-time highs soon, feeding on these most important reasons.
The Main Factors Behind the PEPE Surge
The popular meme-inspired cryptocurrency PEPE has surpassed previous resistance levels, distinguishing itself from other meme coins such as Dogecoin and Shiba Inu. Despite experiencing a remarkable 1300% increase in price over the past year, PEPE has struggled to maintain the momentum above $0.0000080.
Recently, the total supply of the PEPE token was reduced from 180.7 trillion to 178.7 trillion. Since supply and demand dynamics greatly affect cryptocurrency performance, this decline could potentially contribute to a price increase.
Another notable factor is the “breast coin age” of the PEPE coin, a metric that shows the average time that has elapsed since the coin's last movement. During this month, the age of the meme coin has steadily increased, which indicates that more investors are holding their tokens instead of selling them.
Meanwhile, this growing era of meme coins reflects Decelerating investor confidence in the long-term prospects of the PEPE coin. Currently, the PEPE coin is in the process of consolidation and provides a balance between the Decant supply and the demand.
