Pepe (PEPE) is among the many best-performing cryptocurrencies of the final 12 months, rallying 787.9% since late July 2023 and 5% over the earlier month. The frog-themed memecoin is presently following the market-wide correction, falling 4.3% within the each day charts, 3.1% within the weekly charts, and three.7% within the final two weeks.
The newest correction is probably going because of Bitcoin (BTC) falling under $67,000, pushed by fears across the US authorities transferring practically $2 billion value of BTC. Fears a few sell-off across the Mt. Gox reimbursement have additionally added to investor fears.
Is Pepe to hit a brand new all-time excessive?
According to the analysts at CoinCodex, the frog-themed memecoin will hit a brand new all-time excessive in August. The platform forecasts a bullish outlook for the asset over the following few weeks. According to CoinCodex information, Pepe will hit an all-time excessive of $0.00001725 on Aug. 10, 2024, an increase of about 47.4% from present ranges. The platform anticipates the asset to proceed rallying all through this month, hitting $0.00003997 on Aug. 27, 2024. Reaching $0.00003997 from present ranges would translate to an increase of about 241.6%.
Changelly analysts additionally paint a bullish image for Pepe over the following few weeks. The platform anticipates the asset to hit a brand new all-time excessive of $0.00001775 on Aug. 9, 2024. Like CoinCodex, Changelly additionally predicts the memecoin to breach the $0.00003 mark in August, hitting $0.00003996 on Aug. 27, 2024.
Pepe has witnessed unbelievable development in a really quick time. The memecoin has climbed into the highest 30 initiatives by market cap and is slowly inching nearer to the highest 20. Other memecoins, equivalent to BONK, FLOKI, and POPCAT, have additionally displayed stellar performances over the past 12 months.
