The price of Pepe (PEPE) jumped 30% on Monday as investors flocked to the same coin amid a surge in risk-taking activity in cryptocurrency markets as Bitcoin (BTC) reclaimed 54,000 $ for the first time since early December 2021. šø
Last changing hands just below $0.0000018, Pepe price is at its highest level since July 2023.šø
PEPE even tried in vain to surpass its summer 2023 highs in the $0.00000188 area.šø
A 3x increase in daily trading volumes, reaching over $460 million on major crypto exchanges, could indicate whale buying.šø
However, it could just as easily signal a spike in retail activity.šø
Regardless, given the strength of the bullish momentum felt in the crypto market as of this week, Pepe's price risks remain tilted to the upside. š³
Pepe Price Prediction ā Whatās Next for PEPE? š®
If Pepe price convincingly moves back above resistance at the $0.00000188 area, a return to record highs is underway.šø
This means upside potential of up to 150% from current levels.šø
This would bring Pepe's market cap down to around $1.8 billion to $9 billion.šø
But since its launch in early 2023, Pepe has established itself as one of the leading cryptocurrency brands.šø
It could likely reach a market cap of around $10 billion during this bull market, meaning potential gains of more than 10x from current levels.šø
These would be significant gains, but many coin speculators seek returns closer to 100x.šø
As good as its prospects are, Pepe's market cap is far too inflated to deliver such returns.šø
Only coins with a market cap of less than $100 million have a real chance of making 100x gains.šø
One such coin that could generate significant gains is a just-launched meme coin called Frogwifhat (FWIF). šø
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