Pepe Coin Price Prediction as PEPE Becomes Top 10 Most Traded Crypto in the World – Can PEPE Reach $1?
Pepe Coin price has entered the top 10 cryptocurrencies by 24-hour trading volume, with CoinGecko data currently putting it eighth overall, ahead of BNB but behind Binance USD (BUSD).
Despite its impressive rise, PEPE is currently down by 2% in the past 24 hours, although its price of $0.00000192 represents a 70% gain in a week and a 650% increase in the past fortnight.
As meme-y as it seemed when it first appeared in the market, the ability of PEPE to maintain and build on its early momentum suggests that it has now become an established meme token, with its volume far outstripping that of Dogecoin and Shiba Inu.
This means it could easily continue rising again once its current correction has played out, potentially losing more decimal places as it climbs further up the cryptocurrency leaderboard.
PEPE has actually gained by 0.5% in the past hour, with its chart reflecting this recent recovery of momentum.
Indeed, PEPE had been due a recovery, givne that its various indicators had more or less bottomed out in the past day.
Its relative strength index (purple) had dropped below 30 early this morning, helping the meme token to begin rising again.
Likewise, its short-term moving average (yellow) had fallen underneath its long-term average (blue), and given that it too is close to a bottom, we could see PEPE mount a more substantial recovery in the next day or so.
Indeed, after testing the $0.00000190 support level, PEPE has been able to resume its earlier climb, suggesting that further gains are incoming.
As noted above, the fact that PEPE is now one of the most widely traded coins in the market suggests that it could be here to stay, despite its beginnings.
It seems that whales and exchanges have latched onto the coin, which has
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