PEPE's price increase expectations are based on the Elliott Wave Theory, which believes that the currency will have a significant five-wave increase.
According to this theory, the price of PEPE has completed an ABC correction, setting the stage for further gains towards $0.0000145.
Currently, PEPE is trading at $0.00001255, down 1.8% in the past 24 hours.
Despite the slight decline, its market capitalization remains strong, reaching $5.3 billion, making it the third largest meme coin by market capitalization. However, its 24-hour trading volume fell by 29.5% and currently stands at $736 million.
Overall, PEPE may be about to see a significant rise. However, the cryptocurrency market changes rapidly, and investors need to pay close attention to market dynamics and risks to adopt corresponding trading strategies.
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