PEPE reaches a new historical high, is retail preference the highest? The legendary 1000x return.
Pepe's market capitalization has now reached $10.67 billion, increasing by 18% in the last 24 hours, surpassing Litecoin. This breakthrough may be related to the surge in demand for meme coins and active network activity.
In terms of price, Pepe directly broke through the $0.000026 mark, reaching a high of $0.0002754, currently reported at $0.00002683, with a 24-hour increase of 19%. If this bullish trend continues, PEPE's price may set a new historical high, reaching $0.000030.
Retail interest in PEPE is continuously increasing.
Especially after being listed on Robinhood, PEPE's Subreddit is now the most active in this round of meme coins, with a rapid growth in Subreddit members. This growth is fueled by the popularity of the topic 'PEPE to $1' in the Subreddit—implying a 46,000x return. Although this target is clearly unattainable, this 'skyrocketing' story is similar to the narratives that once drove DOGE and SHIB to surge.
Overall, PEPE dominates this round of meme coins, and its growth is expected to accelerate further with the recovery of the Ethereum ecosystem. As retail investors return and start buying coins, they will not choose coins based on the deep analysis familiar to crypto Twitter users. Instead, their focus is on ensuring their investment portfolio, chasing that legendary 1000x return.
Retail investors rely on word-of-mouth marketing, forming a reverse cycle: as the price rises, profit stories spread, attracting more participants. For example, a retail investor tells a friend they made 3 times on PEPE but are still holding because 'it’s still early.' The higher the price, the faster this news spreads.
If these trends on Reddit continue, the data from Subreddit will become 'alpha', effectively indicating retail interest in the coins. Currently, PEPE is clearly the winner among this group, and the recovery of the Ethereum ecosystem (and the price increase) will further accelerate this growth.
Unveiling the most comprehensive history of PEPE's price pumps!
If bought at the beginning of the year, it has now gained 163 times. Will Pepe continue to pump?
PEPE's 163x price pump over the year demonstrates that memes are the prominent trend this round. How much was it at the beginning of the year, and now it's 163 times? Let's discuss Pepe's price pumping techniques below:
Divided the news about PEPE based on the price pump into three stages:
1. Price pump, November 12-14.
2. Consolidation and accumulation, November 15-December 3.
3. Price pump 2, December 4-9.
(1) Price pump, November 12-14:
On November 13, PEPE was listed on Robinhood, as reported by the classic publicity media DEGEN NEWS.
Subsequently, Coinbase's official Twitter started promoting 'frogs', reaching 2.38 million views. On that day, Pepe was listed on Coinbase, and on the 14th, Upbit listed Pepe. For major funds based in the US, it is clear that the peak of publicity represented by non-leading players in Asia has passed. Thus, the market ends.
(2) Consolidation and accumulation, November 15-December 3:
On the 18th, Musk retweeted the PEPE meme image, with several posting formats:
1. Pepe meme image + PEPE
2. KOL calls on the 28th, Binance PayDay collaborated with Pepe, marking the end of a sideways market.
(3) Price pump 2, December 4-9.
December 4:
1. PEPE is being hosted on Coinbase Prime.
2. Pepe was listed on Binance US; the effects of large listings on liquidity and price are very obvious.
December 8
1. MoonPay calls out Pepe; recently, MoonPay has been quite active.
2. Posted various links for Pepe; the tweet does not encourage external links; what does it signify to post like this as a leading meme?
December 9, that is today,
Retweeted MoonPay's tweet: "Breaking News: You can now purchase $PEPE using Apple Pay, Venmo, PayPal, and other frog-friendly payment methods across all 50 states and 180 countries. The most interesting results are the most likely to occur."
Represents that in the US, you can purchase Pepe without deposit and withdrawal using the above methods.
How will PEPE operate in the future?
1. Looking at the publicity forms, Pepe generally interacts with top players and may pump the price. However, the calls from KOLs do not seem to signal a price pump.
2. Looking at the overall sentiment of this round of memes, there’s a meme celebration; if Pepe doesn't pump the meme temporarily, it might just consolidate for a while.
I personally think PEPE has long-term potential.
Firstly, as a leading meme, it has a head effect in the meme phenomenon.
Secondly, if Pepe collaborates with major players in the future, it may rise again.
It is worth noting that Pepe may rise significantly in a bull market but could drop considerably in a bear market.
More practical strategies, specially prepared for spot enthusiasts and those accumulating coins during the bull market! Click on my avatar to follow and get my bull market strategy deployment, shared for free with all fans. You need references, I need fans, to be the most generous bull market blogger on the internet!
