With Bitcoin stabilizing at $96K, the meme cash rally has additionally adjusted to the present market momentum, slowing their momentum up a notch. With the current worth fallbacks, Pepe appears to be sustaining its stance nicely amid the lot, gearing as much as hit a brand new worth excessive subsequent month. Will it be capable of declare a brand new ATH in December 2024? Let’s discover out.
Pepe November Highlights: What Happened And What May Happen?
The mid-November was extremely profitable for Pepe because the token gained unbelievable momentum with BTC hitting the $99K mark. Pepe netted the utmost quantity of income through the time, with its worth raking in practically 97% of income.
“Meme coins have undoubtedly netted the best returns over the past week for traders, with DOGE (+96%), PEPE (+97%), WIF (+67%), and BONK (+67%) leading the way. Historically high speculative asset social dominance typically indicates greed and emotional trading. Be cautious while memes are the main cryptocurrency topic of interest across X, Reddit, Telegram, 4Chan, and BitcoinTalk.”
Per Santiment, memecoins like Pepe and WIF dominated the market closely in November, retracting its tempo as BTC stabilizes at $96K.
“The top trending tokens in crypto are being dominated by meme coins as speculative assets dominate this historic bull rally. The top 6 notable assets seeing significantly higher discussion rates across social media are PNUT, PEPE, DOGE, MEME, NUX, and COIN. Bitcoin sits at #7.”
Earlier this month, main cryptocurrency exchange Robinhood additionally listed Pepe on its exchange, which helped the token rating new recent highs.
Per Crypto Jack, a noteworthy crypto analyst, the worth of Pepe lately broke a single wedge sample and is now heading in the direction of claiming the $0.00003800 mark.
“The price of PEPE broke out of a descending wedge, reclaiming $0.000021 support. Resistance at $0.00002576 is key. Watch for a breakout to target $0.00003800. @MarketSpotter Signal Sniper caught the long entry perfectly! 🐸”
The Token’s Price Forecast For Next Month
As per CoinCodex, Pepe might get away finally to sit down at a brand new worth mark of $0.00006594 by the top of subsequent month.
“According to our current Coin price prediction, the price of Pepe Coin is predicted to rise by 229.53% and reach $0.00006594 by December 29, 2024. Per our technical indicators, the current sentiment is bullish, while the Fear & Greed Index is showing 77 (extreme greed). Pepe Coin recorded 13/30 (43%) green days with 34.01% price volatility over the last 30 days. Based on the Pepe Coin forecast, it’s now a good time to buy Pepe Coin.”
