Will PEPE Go Up?
š¤š¤š¤š¤š¤š¤
BinanceSquareCreatorAward#
As with most other cryptocurrencies, PEPEās price is a reflection of market supply and demand. The supply is capped at 420.69 trillion tokens, so the price is exclusively the result of market sentiment. So, with this in mind, it is only possible for PEPE to go up if people continue buying it. For this to happen, the project has to remain relevant as well as support a strong community of HODLers. While the project has been able to do this so far, sustaining it is much more difficult. If the creators can continue to support their users in this way, then PEPE could go up.Will PEPE Go Past All-Time Highs?
PEPE recently set ATHs of $0.00001718 in May 27, 2024. This was the result of a 80% increase within the span of a few weeks. However, after reaching all-time highs, the token sold off quite a bit. After reaching ATHs, the token has lost about 30% of its value. This was likely the result of many holders taking profits after a huge week for the token.
While some of these investors may sell and walk away with their gains, others could be looking for the next chance to enter. For PEPE to reach new highs, sellers will likely have to re-enter and continue pushing the token to new heights. In addition, more attention brought to the token could lead to new buyers, which could also push the price to new highs.
