Will the market value of PEPE exceed 100 billion in 2025?
Notably, on December 14, a long-dormant whale account was suddenly activated and transferred 2.1 trillion PEPE into the market. This move undoubtedly injected new vitality into the market and also revealed the whale's firm confidence in the future trend of PEPE. Considering that the initial purchase price for investors was only 27 dollars, while the current market value has far exceeded this figure by millions of times, this significant change undoubtedly adds more room for imagination regarding the future development of PEPE.
From a technical perspective, after PEPE's market value reached 10 billion dollars, it experienced a brief consolidation period, but subsequently displayed a descending triangle pattern. If PEPE can close above 0.000032 dollars on the weekly candlestick chart, then the market is expected to witness a remarkable breakthrough. According to price prediction analysis, by January 16, 2025, PEPE's price is expected to rise by 226%, reaching 0.000074 dollars.
In addition, PEPE's 14-day Relative Strength Index is 51, indicating that it is neither in an overbought nor oversold state, thus presenting an opportunity for an upward movement. From the market response perspective, PEPE had already shown a reasonable price range in mid-November and has continued to trade above its moving average. This reflects the bullish traders' optimistic expectations for the future market and suggests that PEPE is likely to experience a significant increase in the coming days.
In terms of trading volume, PEPE's large trading volume has reached 1.82 billion dollars, and the number of active addresses has also reached 6,230. These figures not only indicate PEPE's activity in the market but also reflect its broad investor base. It is noteworthy that 90% of holders are currently in profit, which further enhances market confidence in it. Additionally, according to IntoTheBlock data, approximately 20% of new holders entered the market in the past month, injecting new vitality into PEPE's future development.
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