$PEPE

As Bitcoin stabilizes at $96,000, the rebound of meme coins also follows the current market trend, but their momentum has slightly slowed down. After a recent price pullback, Pepe seems to have found its footing in the market, preparing to hit new highs next month. Will it set a new historical high by December 2024? Let's wait and see.

In mid-November, Pepe experienced a fruitful moment, with the token gaining strong momentum, and BTC also breaking the $99,000 mark. During this period, Pepe recorded nearly 97% rich profits.

According to Santiment analysis, meme coin traders have reaped significant rewards in the past week, with DOGE (+96%), PEPE (+97%), WIF (+67%), and BONK (+67%) leading the performance. Highly speculative assets often indicate market greed and emotional trading when they are hot topics on social media. When discussions around cryptocurrencies unfold on platforms like memes, Reddit, Telegram, 4Chan, and BitcoinTalk, investors should remain vigilant.

In November, meme coins like Pepe and WIF dominated the market, but as BTC stabilized at $96,000, their upward pace has slowed. The top six assets with the highest discussion on social media include PNUT, PEPE, DOGE, MEME, NUX, and COIN, with Bitcoin only ranking seventh.

Earlier this month, leading cryptocurrency exchange Robinhood launched Pepe, helping the token set new highs.

Well-known cryptocurrency analyst Crypto Jack pointed out that the price of Pepe has broken through a single wedge pattern and is moving towards the $0.00003800 mark. He emphasized: "PEPE price has broken through the descending wedge, reclaiming the $0.000021 support level. The $0.00002576 resistance level is crucial. Watch for the target to break through $0.00003800."

Next month’s token price prediction

CoinCodex predicts that Pepe may break through a new high of $0.00006594 by the end of next month. They stated: "Based on our current coin price forecast, by December 29, 2024, the price of Pepe Coin is expected to rise by 229.53% to $0.00006594. Technical indicators show current market sentiment is bullish, with a fear and greed index of 77 (extreme greed). Pepe Coin has recorded 43% green days in the past 30 days, with a price volatility of 34.01%. According to the prediction, now is a good time to buy Pepe coins." Lastly, it is recommended to keep an eye on the Ethereum chain’s little dog puppies, as the altcoin season is already on the way. #PEPE市值超越LTC $SHIB