Pepe surged 80% in 24 hours, breaking the record: Is SHIB going to step down?
The frog meme coin PEPE is popular, and the price has reached a new high of $0.00002457. Let's talk about whether PEPE can continue to rise and surpass SHIB.
PEPE's price rose sharply this morning, breaking the historical record of $0.00002457. This meme coin rose 80.8% in 24 hours, 126.8% in a week, 146.5% in half a month, and 119.4% in a month. From November last year to now, PEPE has risen nearly 20 times.
Data speaks: Coingecko shows
PEPE is now the second best cryptocurrency in the top 100 in terms of market value, ranking 17th. It is about to surpass Shiba Inu (SHIB), which is the 12th largest in terms of market value.
Why is PEPE so popular?
Memecoins are now in the limelight, stronger than other cryptocurrencies. Especially those based on Solana, which are rising like a rocket. Peanut Squirrel (ONUT), PEPE, dogwifhat (WIF), Popcat, Bonk, etc. are much more bullish than Bitcoin (BTC) and Dogecoin (DOGE).
Wallet data tells you:
Retail investors are now adventurous, and memecoins have become a hot commodity. The Federal Reserve is likely to cut interest rates by 25 basis points this month, and everyone is more adventurous.
Look again: Walmart's stock price has also hit a new high, soaring all the way
If Trump is elected president, the market will have more confidence in high-risk cryptocurrencies, such as memecoins like PEPE.
Can PEPE continue to rise?
The cryptocurrency bull market is here, and PEPE is expected to set new highs. Everyone is also looking forward to the relaxation of cryptocurrency regulation after Trump takes office.
CoinCodex said:
PEPE will continue to rise in the next few weeks, and is expected to reach $0.00007207 on December 12 this year. From the current price to that time, it can rise by 206.4%.
However, CoinCodex also reminded:
If the cryptocurrency market collapses, PEPE will also fall
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