Can Pepe Achieve a 3X Surge to $15 Billion Market Cap Amid the New Pepe-Themed Presale Frenzy?

Pepe, the popular meme coin, has experienced a significant surge, rallying an impressive 43% in just a week.

This strong performance has not only brought renewed attention to Pepe itself but also to other meme coins with a Pepe theme.

A prime example is Pepe Unchained, which has already raised a staggering $4.5 million during its presale, underscoring the potential of Pepe-inspired projects within the meme coin market.

Pepe (PEPE) price analysis and price prediction

Pepe’s (PEPE) price has surged by an astounding 43% within a week, marking a significant breakout in the market. This surge is evident in the Pepe chart, which showcases a substantial breakout scenario.

Despite not having reached the pinnacle point of the high of $0.00001324, there is a strong indication that further upside potential exists for Pepe. If this upward momentum continues, the breakout scenario could come to fruition once again, presenting a promising opportunity for investors.

Currently, investors are already long on Pepe, having hit multiple take profits with stop losses positioned at the entry point, ensuring a secure position in the market.

Looking at the past day’s price movement, a channel starts to form where the price keeps bouncing between two trend lines. This often suggests the trend will continue upwards, as long as the price doesn’t fall sharply below the lower line.

There’s a chance for a small dip in price if Pepe falls below the trend line seen on the last hour’s chart. This dip might bring the price down to around $0.00001135. But even if that happens, it likely wouldn’t be a major setback. The overall sentiment for Pepe is still positive.

Examining the weekly price chart, we see Pepe’s current price hovering between its bear market low of $0.0000005817 and its recent peak of $0.0000169.

Interestingly, the 0.236 Fibonacci extension suggests a potential 3x increase in value, which would translate to a market cap of around $15 billion, putting Pepe closer to Dogecoin’s territory.

Pepe’s current market cap sits at $5 billion, already challenging established meme coin giants like Shiba Inu (SHIB) and Dogecoin (DOGE). Toppling Shiba Inu with its $10 billion market cap, Pepe (PEPE) would only need to double its current valuation.

However, Dogecoin (DOGE), boasting a $19 billion market cap, presents a more significant hurdle. To reach the coveted top 10 cryptocurrencies, Pepe would need to experience a fourfold increase in market capitalization.

Since Pepe seems undervalued and the market is looking good overall, this price target seems realistic, keeping the positive outlook strong. For those seeking alternative investments, check out our 2024 guide to the best meme coins to buy.

Pepe Unchained: A New Layer 2 Blockchain Initiative with High Profit Potential

Following Pepe’s recent price increase, a new project called Pepe Unchained is catching attention in the crypto world. Investors are optimistic about its potential, with many considering it one of the top meme coins to buy at the moment.

Pepe Unchained’s presale is on fire, pulling in an impressive $150,000 daily on average. This strong momentum is reflected in the $4.5 million already raised, showcasing sustained investor interest.

Great Saturday news! We've raised $4.5M!

Pepe Unchained is breaking barriers and making waves