Top Reasons Why PEPE Price Is All Set To Hit New ATH Soon
The post Top Reasons Why PEPE Price Is All Set To Hit New ATH Soon appeared first on Coinpedia Fintech News
The cryptocurrency market saw a 4 percent drop in the last 24 hours, settling at approximately $2.48 trillion at the time of this report. This decline coincided with Bitcoin (BTC) encountering significant bearish pressure due to a death cross between the 50 and 100 SMA and a red 9 candlestick from the TD Sequential on the 12-hour time frame.
Amidst this market turbulence, traders are turning their attention to meme coins, overshadowing utility-based altcoins. The meme coin sector has witnessed explosive growth, boasting a market cap exceeding $54 billion and an average daily traded volume of around $6.2 billion.
Pepe Emerges as a LeaderEthereum-based meme coin Pepe (PEPE) has consistently stood out, experiencing a remarkable surge of over 53 percent in the past seven days. Currently trading at around $0.00000726 during the mid-London session on Thursday, Pepe’s rise can be partly attributed to the recent listing of Pepe perpetual futures 1000PEPE-PERP on the Coinbase International Exchange and Coinbase Advanced.
$PEPE is showing a clear bullish flag pattern breakout, indicating potential for breaking all-time highs. 