The frog-themed cryptocurrency Pepe (PEPE) has become a noteworthy player in the crypto market, with recent data suggesting that more than half of its holders are currently profitable. According to IntoTheBlock data, 69% of PEPE holders are profitable, or “making money.” As analysts closely monitor PEPE’s performance, expectations for large price swings are evident, with speculation that PEPE could drop below zero to hit new resistance levels. Such predictions have added to the market’s enthusiasm, with investors and fans debating the token’s price trajectory.

Over the weekend, cryptocurrency analyst Ali suggested that PEPE could be preparing for its next move. He suggested watching for a daily close outside the $0.00000793 to $0.0000664 range, which could result in a 54% increase for PEPE. As analysts hinted at a major price move, the PEPE community waited with bated breath.

PEPE has fluctuated wildly between $0.00000475 and $0.00000572 after hitting a low of $0.00000393 on April 13. As of this writing, PEPE has fallen 2.42% over the past 24 hours to $0.000004998, mirroring the overall price decline in the cryptocurrency market as the dollar posted its biggest five-day gain since October 2022. Chairman Jerome Powell said policymakers are in no rush to cut interest rates.

In listing news, Coinbase will add support for Pepe perpetual contracts on Coinbase International Exchange and Coinbase Advanced. The 1000PEPE-PERP market will be open starting April 18, 2024. In other listing news, PEPE is now listed on Swiss fintech platform SwissBorg. The move allows PEPE token holders to access 16 fiat currencies, including the euro and Swiss franc, directly through the Swissborg app.