Pepe (PEPE) has stirred up the cryptocurrency market, with a market capitalization stabilizing at $10 billion. As interest grows, analysts begin to debate whether the token has the ability to break through a $100 billion market cap before 2025. Since meme coins are often driven by community enthusiasm and speculative trends, PEPE's trajectory may depend on ongoing investor interest and market conditions.
PEPE maintains stable blockchain activity
According to data from Coinglass, the PEPE spot indicator shows outflows exceeding $2.61 billion over the past week. Significant outflows from exchanges often indicate potential upward momentum, as investors keep tokens in personal wallets or cold storage. The less PEPE there is on exchanges, the higher the value of the scarce token.
On December 14, a dormant whale account became active, transferring its entire balance of 2.1 trillion PEPE. Investors initially purchased these tokens at a price of $27, and now their value has increased to more than 1,900,000 times that amount. This enormous shift typically indicates that whales have confidence in the asset or are preparing for price changes.
The long/short ratio for PEPEUSDT on Binance is 4.15, indicating high trader interest. Currently, about 20% of top Binance traders hold short positions, while 80% hold long positions.
What do PEPE technical indicators say?
From a technical perspective, PEPE formed a descending triangle pattern after a brief consolidation near the $10 billion market cap. PEPE may close above $0.000032 with a weekly candlestick and is on the verge of a breakout. According to price prediction analysis, PEPE is expected to rise 226% by January 16, 2025, reaching $0.000074.
The 14-day RSI is at 51, indicating that PEPE is neither overbought nor oversold, suggesting an opportunity for upward movement. Combined with these indicators, it makes sense for PEPE to be slightly above mid-November prices. However, with bullish traders expecting significant increases in the coming days, PEPE continues to trade above its moving averages.
Currently, the large transaction volume on PEPE reaches $1.82 billion, with 6,230 active addresses. 90% of holders are in profit, and the token has seen significant investment due to bullish expectations. According to data from IntoTheBlock, approximately 20% of PEPE holders entered the market in the past month.
Next Steps for PEPE Holders
As the Ethereum network expands, PEPE and RTX are also continuously expanding. With the launch of cross-border payment systems, Remittix (RTX) is expected to generate higher returns on investment. This hot new cryptocurrency focuses on overcoming barriers to international payments through a structure that converts cryptocurrency to fiat, low fees, and adaptability to location restrictions.
By 2027, the cross-border payment market is expected to exceed $250 billion, and Remittix has sufficient backing to tackle the rapidly growing industry. Currently, this hot new cryptocurrency is undergoing a presale, priced at $0.0156 per token. Early holders of $RTX can enjoy premium features, such as account managers and staking rewards. Invest now to seize the opportunity and win their limited-time giveaway campaign, offering $250,000 worth of USDT.