PEPE Coin hits a new all-time high against Bitcoin, indicating strong momentum despite cautious warnings of potential pullbacks.
The listing on exchanges and growing market adoption positions PEPE Coin as a dominant player in the evolving cryptocurrency market.
#PEPE Coin made headlines yesterday for hitting a new all-time high (ATH) after being listed on Upbit, Coinbase, and Robinhood, three of the leading cryptocurrency trading platforms, as we reported earlier. Today it has surpassed another benchmark, not against the US dollar, but relative to the value of Bitcoin.
PEPE’s extraordinary expansion makes it one of the leading players in the cryptocurrency market, but it also raises questions about its sustainability and risks. In a video, The Crypto Report host offers cautious advice for investors looking to ride this wave and a comprehensive look at what lies ahead for PEPE.
Wave of PEPE coins: Balancing growth and caution
PEPE’s astonishing performance has confirmed its ranking among the hottest tokens available. The Crypto Report claims that the memecoin’s meteoric rise – even among the top 100 cryptocurrencies – indicates its growing power.
It is fascinating that PEPE has maintained its bullish momentum even with other rivals such as Peanut the Squirrel (PNUT) breaking important resistance levels.
After yesterday’s daily candle on Upbit, Coinbase, and Robinhood revealed notable bullish activity, the coin broke out higher. PEPE continues to outperform not only its meme coin rivals but also the broader market, and the previous daily close confirms this rise.
He adds that the cryptocurrency market is still in the early stages of its bull run.
Developments such as the rise of Bitcoin acceptance at state and global levels, as well as the potential infusion of trillions of dollars across the market, could be significant tailwinds for meme coins like PEPE. Still, he stresses that assessing the coin’s long-term potential depends on knowledge of market cap dynamics; therefore, he advises paying more attention to market cap than price targets.
Meanwhile, PEPE is trading at around $0.00002138 at the time of writing, up 98.33% over the past 7 days. The memecoin has seen a minor correction, but investors still find great appeal in its solid performance.
