PEPE coin has seen a significant surge recently thanks to several key factors in the cryptocurrency market. One of the main factors was the support of Arthur Hayes, the former CEO of BitMEX, which increased investor interest in the coin. This support pushed PEPE to gain between 16-26% in a short period. Additionally, the activity of large “whales” in the market led to significant increases in trading volume, with a number of large trades exceeding $100,000 being recorded.
Technically, indicators show that PEPE still has potential to grow, with some analysts expecting increases of up to 90% if it can break some key resistance levels in the market.
As for future expectations, continued support from major investors and positive movements in the cryptocurrency market as a whole, such as the rise in Bitcoin, may push PEPE to continue growing.
However, in any case, one must be careful of the high volatility that meme coins are known for, which makes investing in them risky.
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