A noteworthy revival of Pepe Coin has attracted the interest of numerous investors. With a $100 million trading volume, its steadily rising trend has soared from $0.000001185 to around $0.000001356.
This demonstrates the growing interest and enthusiasm for this coin.
Pepe currency is doing well, giving investors a positive outlook. The frog-themed #cryptocurrency has experienced a surprising comeback.
Price, $PEPE
Pepe 's price is currently $0.000001, and its 24-hour trading volume is $83,254,842. With a live market cap of $522,153,169, Pepe is now ranked #72 in the market after rising by almost 20% over the past seven days.
A total of 420,690,000,000,000 PEPE coins are present, with 391790,000,000,000 PEPE coins currently in circulation.
A big resistance level at $0.00000135 has even been successfully overcome by the coin's price, which suggests that its upward trajectory may continue in the future.
Possible Effects of Whale Behavior on Pepe Coin's Performance
As was already established, significant expenditures from well-known players, sometimes known as "whales," have significantly fueled the recent revival of Pepe coin.
Data obtained from Lookonchain makes it clear that these whales have been displaying increased interest in PEPE.
Their engagement is demonstrated by a substantial investment of $1,000,000 USDC, which allowed them to purchase an enormous 807 billion PEPE tokens at an average cost of $0.000001239 each.
This tactical choice is a crystal-clear illustration of the growing market value placed on #PEPE .
The continued success of PEPE coin strongly suggests that whales are actively attempting to increase demand, similar to their behaviour shown in July.
But it's crucial to understand that this upswing can be mostly driven by speculative activities.
The PEPE coin currently has a restricted range of applications and is primarily traded based on speculative valuations.
Price forecasts and trends for pepe coins in 2023
It has achieved an astounding 25,000% rise in just 20 days since it began trading.
Pepe coin's value could change from $0.0000008 to $0.00000450.
Although recent market moves have created some doubt, the consensus is that the currency may experience a significant increase.
Pepe coin might reach a peak of $0.00000450 by year's end.
Yet, there is a chance of encountering difficulties that might drive down its price to as little as $0.00000080.
It is projected that the median price will be close to $0.00000265.