One encouraging feature is the 24-hour trading volume of PEPE, which just topped $1 billion today, up from $350 million a few days ago.
However, some of this volume may come from sales, as the whale sent just over 1 trillion PEPE to Binance earlier this morning.
This could cause the price to move negatively in the next day or so, but overall PEPE is likely to rise in the medium to long term. This is due to a number of market factors, including traders preparing to launch the first Ethereum exchange-traded funds (ETFs) in the coming weeks. Cutting rates will also lead to a decrease in their value, with the Fed and Bank of England likely to support demand by lowering interest rates. Since large investors still prefer to use PEPE for profit, the price of Pepe Coin could easily reach new highs before the end of the year. By the New Year it may exceed the $0.00002 mark.
In the near future we will publish long-term forecasts for top altcoins that have the potential for multiple growth! You can subscribe to the blog so you don't miss any reviews!