$PEPE , one of the most popular meme coins, has seen significant price fluctuations recently. In November 2024, it surged 85% in 24 hours to around $0.00002243, driven by intense whale activity and listings on major platforms like Coinbase. This led to a significant increase in daily trading volume to $20.3 billion.
Factors affecting the price of $PEPE :
1. General cryptocurrency market: If cryptocurrencies continue to rise during the current cycle, PEPE could benefit.
2. Popularity and community engagement: Being a meme coin, it relies heavily on community momentum and popular memes.
3. Whale activity: Large buys or sells can significantly impact the price.
Forecast:
Short-term (2024): The price could reach an average of $0.000055-$0.000090 by the end of the year according to market analysis, with the potential for further upside if the positive momentum continues.
Long term : The price could reach $0.0050 or more if the project maintains its momentum of popularity and community support.