🐸🔥Will Pepe Coin (PEPE) Rise Before Bitcoin Halving?
As the Bitcoin halving, which is expected to take place on April 20, 2024, approaches, there is an excitement of expectation and speculation in the cryptocurrency market. This event takes place every four years with the aim of reducing the creation and supply of new coins on the market. Historically, the halving has been associated with high Bitcoin increases that have overflowed into some altcoins.
In the midst of all this, #pepe Coin (PEPE), a popular Solana meme coin, is emerging as the focal point of potential Sunday gains. PEPE has had a difficult month amid the downturn in the market, but showed signs of a comeback last week. Despite the price fluctuations, is the frog-themed meme coin ready for a price rise ahead of the Bitcoin rise?
The Potential Increase of Pepe Coin
Crypto analyst Ali Martinez predicts a promising future for Pepe Coin. His forecast suggests that PEPE could experience a significant rise of 54% if he manages to cross a significant price threshold. In particular, Martinez points to the December Decile between $0.00000793 and $0.00000664 as the critical region. If the daily close of Pepe Coin violates this December, this could be a signal of an important bullish trend.
If PEPE successfully closes above $ 0.00000793, Martinez believes that the cryptocurrency can reach an all-time high of $ 0.0000122. Currently, ATH is located at the level of $ 0.00001074, which was reached on March 14, 2024. This potential increase presents an attractive opportunity for investors who have been closely following PEPE's performance.
