Is PEPE the top pick for investors this week?
Despite bearish market sentiment, PEPE’s price has risen by 6% and trading volume has increased by 40%.
After the approval of the spot Ethereum ETF, PEPE looks to be the top pick for investors.
Amid this bearish market sentiment, Pepe [PEPE] has become the top ETH-based altcoin with an impressive price surge.
After the Ethereum exchange-traded fund (ETF) received a huge inflow of $107 million, crypto investors turned their attention to PEPE, driving its open interest and price up sharply.
A research analyst shared his views that PEPE could rise sharply in the coming days.
In addition to this prediction, the analyst also shared a PEPE chart, which shows that PEPE tends to experience a sharp rebound after a consolidation period of 60 candles.
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In the past 24 hours, the prices of DOGE, SHIB, and FLOKI fell by 1.2%, 0.8%, and 1.1%, respectively.
In addition, top crypto assets including Bitcoin (BTC) and Ethereum (ETH) also fell by 0.8% and 1.9%, respectively, in the past 24 hours.
