PEPE Coin Forecast Q4 2024$BTC
Since the launch of the PEPE coin in 2023, it has been the talk of the town. This coin has succeeded in bringing the meme story back to life in the world of digital currencies. And because of PEPE, there has been a strong recovery in the token market.
Strongly in mid-2023, which eventually led to the meme frenzy that occurred in early 2024. Since the listing of the PEPE coin on the Binance platform, it is considered one of the most famous coins in the crypto market, so let us know more about the PEPE coin expectations in the last quarter of 2024.
In this article
PEPE Coin Price Analysis
PEPE Coin Weekly
PEPE coin performance on daily level
How much can PEPE coin increase?
Could a PEPE reach $1?
PEPE Coin Price Analysis
The most important thing that distinguishes any meme coin is its supportive community. The PEPE coin is considered one of the most famous meme coins ever due to its nature. This coin was famous even before it was traded because the PEPE meme is very famous in the crypto world and is widely used on the X platform. Therefore, when a coin representing this meme was launched, the crypto community quickly interacted with it and raised its price like crazy. Within about a month of the coin’s launch in 2023, it reached 1 billion in terms of market value. It even exceeded this number and succeeded in reaching the top 50 coins in the digital currency market in terms of the size of the project.
Although the price of the coin was subjected to a very strong price correction in the second half of 2023, it eventually managed to rise again. Below you can see the performance of the coin on the monthly chart since its listing on the Binance platform until now.
Notice how the coin went through a buying period where whales were trying to buy without raising the price. This period lasted for about 8 months until the price explosion that occurred in February 2024. The performance of the coin in general was very disappointing at the end of 2023 because the entire market was on the rise. But this was of course followed by a very high upward madness that pushed the price of the coin to the top.
After that, another sharp price drop occurred in the last six months, but notice how this time the bottom was much higher than the previous time. Finally, the explosion occurred in November, after the announcement of the coin being listed on Coinbase and Robinhood. Also, which led to the PEPE coin expectations exploding into the sky due to the hysterical price rise.
PEPE Coin Weekly
If we look at the weekly chart of the currency, we will notice that it underwent a rather violent correction at the end of May, and notice how this correction continued until almost the end of October.