PEPE or Pepe Coin is flying like a rocket to the moon as the price of PEPE has doubled from what it was two weeks ago. During these two weeks, the price of PEPE formed multiple peaks, one higher than the other, creating many new all-time highs. This is the first time that PEPE has risen so much, creating a noticeable hype.

Is this the end, or can this meme coin go even higher?

The price of PEPE is $0.00001681 USD, moving away from its latest all-time high of $0.00001683 USD, which was set a few hours ago, after breaking the previous all-time high of $0.00001577 USD set yesterday. PEPE is not any dog-based meme coin, but a frog-inspired cryptocurrency that was launched last year with the goal of generating profits for its holders.

PEPE has proven its worth by creating a huge peak right after its launch, then another peak at the beginning of the year, and multiple peaks in May alone. Overall, PEPE has surged 29476% since its launch. Among them, it has risen by 136% this month and 77% last week.

The improvement of PEPE is not only reflected in the price, its market value has risen to 19th place on CoinmarketCap, reaching 7.09 billion US dollars. In addition, as demand increases, the address holdings also increase.

The market is still bullish on PEPE due to the higher demand for buying PEPE. The relative strength index (RSI) shows that the overbought zone drives the rice price to continue to rise. In addition, technical indicators including MACD and historical volatility index show a bullish trend.

So far, the PEPE price has shown short-term and long-term growth potential. With the upcoming post-halving rebound and altcoin season, its value may increase several times. Many analysts claim that the PEPE price will increase by at least 10-15 times this year, reaching the target of $0.0002 by 2025.

The price increase of PEPE this year is the highest among cryptocurrencies. Even surpassing Bitcoin, which has soared above $70,000 and aims at the historical target of $73,750.07. Fearing that PEPE will repeat last year’s history, investors remain bullish on PEPE and are buying more even at such high prices. It will have to be seen how PEPE shapes its image in the crypto market next.#PEPE创历史新高

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