Binance shared a 7-day price prediction for Pepe (PEPE) memecoin, highlighting three key factors driving its potential rise:
1. A surge in active addresses has contributed significantly to the price hike.
2. Decreased circulation and stagnant ancient coins suggest further advantages.
3. Despite a 15.75% increase followed by a 2% dip in the last 24 hours, Pepe's rise stands out compared to other memecoins.
Pepe's price movement seems closely tied to its network activity, as evidenced by the rise in active addresses from 2,669 to 4,470. This metric, indicating user transactions, could continue to influence Pepe's price trajectory.
The spike in social dominance, reflecting increased discussion about Pepe compared to other top projects, suggests heightened market attention. However, excessively high social dominance might not bode well for the price, as past instances have shown reversals during peak discussions.
Looking ahead, there's speculation that Pepe's price could reach $0.00001, considering the healthy level of social dominance observed recently.
