With Bitcoin stable at $96,000, the rally of meme coins has also adjusted according to the current market trend, slowing their rise a bit. With the recent price drop, Pepe seems to maintain its stance in that context, preparing to reach a new high next month. Could it achieve a new ATH in December 2024?

Pepe's November highlights: What happened and what could happen?

Mid-November is an extremely profitable time for Pepe as this token achieved incredible growth momentum when BTC hit $99,000. Pepe maximized profit during that time, with its price yielding nearly 97% profit.

"Meme coins have definitely provided the best returns for traders in the past week, with DOGE (+96%), PEPE (+97%), WIF (+67%) and BONK (+67%) leading the way. The historical social dominance of speculative assets often indicates greed and emotional trading. Be cautious as memes are the main topic of interest in cryptocurrency on X, Reddit, Telegram, 4Chan, and BitcoinTalk."

According to Santiment, memecoins like Pepe and WIF dominated the market in November, slowing down as BTC stabilized at $96,000.

"Top trending tokens in cryptocurrency are dominated by meme coins as speculative assets dominate this historic bull run. The 6 notable assets with significantly higher discussion rates on social media are PNUT, PEPE, DOGE, MEME, NUX, and COIN. Bitcoin ranks 7th."

Earlier this month, the leading cryptocurrency exchange Robinhood also listed Pepe on its exchange, helping this token reach a new high.

According to Crypto Jack, a notable cryptocurrency analyst, Pepe's price recently broke out of a wedge pattern and is currently heading towards $0.00003800.

Token price forecast for next month

According to CoinCodex, Pepe could eventually rise to a new price of $0.00006594 by the end of next month.

"According to our current Coin price prediction, Pepe Coin is expected to rise by 229.53% and reach $0.00006594 by December 29, 2024. According to our technical indicators, the current sentiment is optimistic, while the Fear & Greed Index is showing 77 (extreme greed). Pepe Coin recorded 13/30 (43%) green days with a price volatility of 34.01% in the past 30 days. Based on the forecast for Pepe Coin, now is a good time to buy Pepe Coin."

DYOR! #Write2Win #Write&Earn $PEPE