Reasons why $PEPE going to rise
The recent surge in PEPE cryptocurrency can be attributed to several key factors:
1. Major Exchange Listings: In November 2024, prominent platforms like Coinbase and Robinhood added PEPE to their offerings. Coinbase's announcement led to a 58% price increase within 24 hours, and Robinhood's inclusion further expanded PEPE's accessibility to a broader retail audience.
2. Increased Whale Activity: Significant investors, known as "whales," have shown heightened interest in PEPE. On December 8, 2024, whales increased their PEPE holdings by approximately $1.14 billion, indicating strong confidence in the token's potential.
3. Elon Musk's Social Media Influence: On December 31, 2024, Elon Musk changed his X (formerly Twitter) profile name to "Kekius Maximus" and updated his avatar to an image of Pepe the Frog in golden armor. This move is linked to a meme-inspired cryptocurrency token of the same name and caused the token's value to skyrocket by 500-800% within 24 hours.
4. Positive Market Sentiment: The re-election of President Donald Trump has positively impacted the cryptocurrency market, with Bitcoin surpassing $90,000. This favorable environment has benefited various cryptocurrencies, including PEPE, as investors seek opportunities in the expanding digital asset landscape.
These developments have collectively contributed to the rising value and popularity of PEPE in the cryptocurrency market.