Pepe (PEPE) has created a stir in the cryptocurrency market, stabilizing its market capitalization at $10 billion. As interest continues to grow, analysts are beginning to debate whether the token has the potential to break through the $100 billion market cap before 2025. Since meme coins are often driven by community enthusiasm and speculative trends, the trajectory of PEPE may depend on sustained investor interest and market conditions.
PEPE maintains stable blockchain activity.
According to data from Coinglass, PEPE's spot indicators show outflows of over $2.61 billion in the past week. Significant outflows from exchanges usually signal potential upward momentum, as investors retain tokens in personal wallets or cold storage. The less PEPE available on exchanges, the higher the value of the scarce tokens.
On December 14, a dormant whale account became active, transferring its entire balance worth 2.1 trillion PEPE. Investors initially purchased these tokens at a price of $27, and now their value has increased to more than 1,900,000 times that amount. This significant shift usually indicates that whales have confidence in the asset or are preparing for price changes.
The Binance PEPEUSDT long/short ratio is 4.15, indicating high trader interest. Currently, about 20% of top Binance traders hold short positions, while 80% hold long positions.
What do the technical indicators for PEPE say?
From a technical perspective, PEPE formed a descending triangle pattern after briefly consolidating around a $10 billion market cap. PEPE could close with a weekly candlestick price above $0.000032 and is poised for a breakout. According to price prediction analysis, PEPE is expected to rise by 226% by January 16, 2025, reaching $0.000074.
The 14-day RSI is at 51, suggesting that PEPE is neither overbought nor oversold, indicating potential for upward movement. Considering these indicators, it makes sense for PEPE to be slightly above mid-November prices. However, due to bullish traders expecting significant rises in the coming days, PEPE continues to trade above its moving averages.
Currently, the large transaction volume on PEPE is up to $1.82 billion, with 6,230 active addresses. 90% of holders are in profit, and the token has seen significant investment due to bullish expectations. According to data from IntoTheBlock, about 20% of PEPE holders entered the market in the past month.
Next steps for PEPE holders
As the Ethereum network expands, PEPE and RTX are also continuously growing. With the launch of a cross-border payment system, Remittix (RTX) is expected to yield higher investment returns. This popular new cryptocurrency focuses on overcoming international payment barriers through a structure that allows for cryptocurrency to fiat currency conversion, low fees, and adaptability to location constraints.
The cross-border payment market is expected to exceed $250 billion by 2027, and Remittix has sufficient support to tackle this rapidly growing industry. Currently, this popular new cryptocurrency is undergoing a presale, priced at $0.0156 each. Early holders of $RTX can enjoy premium features such as account management and staking rewards. Invest now to seize the opportunity and win their limited-time giveaway event, offering $250,000 worth of USDT.