Although this meme coin has performed modestly over the past few weeks, with its imminent listing on Binance.US, PEPE is expected to achieve a historical high in 2024. In fact, the token previously hit a new milestone price of $0.000025 in early November and may break through this level this week.
Over the past month, PEPE has continued to rise, and there has been a large number of new stocks listed in the digital asset space. Although PEPE has been stagnant since peaking last month, the sustained positive sentiment may allow it to return to record levels before the end of this year.
This year, PEPE is expected to set a new historical high.
The importance of 2024 for the cryptocurrency industry is undeniable. It has driven an increase in interest across the entire asset class. This has led the leading cryptocurrency Bitcoin to achieve a six-figure historical high for the first time. Moreover, it has proven to be an upward trend, pushing various digital assets to achieve historical highs.
This includes PEPE, which plans to set a new historical high in 2024 and list on Binance.US, hoping to further drive up the price of meme coins. The asset has already enjoyed brilliance this month. In fact, it has firmly become the third-largest meme coin, only behind Shiba Inu (SHIB) and Dogecoin (DOGE).
According to data from CoinMarketCap, the token has risen by over 161% in the past 30 days. Additionally, the token has still risen by 15% in the past 7 days, currently trading at $0.000022. With trading volume surging by 87% in the last 24 hours, it is expected to challenge its historical price in the coming days.
Short-term holders currently dominate the token. In fact, wallets holding the token for less than a month account for 48% of the total PEPE supply. However, Binance.US is expected to create an influx of liquidity and trading volume this week. This could push the asset above $0.000025 before 2025 arrives.
