pepe Coin Price Set for 54% Rise: Popular Analyst
solana‘s prominent cryptocurrency Pepe Coin (PEPE) is preparing for a potential increase in value. According to crypto analyst Ali Martinez’s prediction, Pepe Coin price could rise by 54% if it meets a condition. This comes after the announcement that Pepe has been added to Coinbase International’s perpetual futures offerings.
Pepe Coin Price Will Increase by 54%
While Martinez’s prediction points to a significant upside potential, investors are closely monitoring Pepe Coin’s performance. Additionally, according to the analyst, the determined price range of $0.00000793 – $0.00000664 serves as a critical threshold. It also suggests that a daily close outside this range could indicate an extremely bullish price for Pepe Coin.
He also noted that such a close would signal a potential 54% move for PEPE. If Pepe Coin rises above $0.00000793, it indicates that the price could reach a new all-time high of $0.0000122. Currently, ATH stands at $0.00001074, reached on March 14, 2024.
On the other hand, Coinbase International’s decision to include Pepe Coin perpetual futures is planned to be implemented on April 18. Additionally, this represents a significant milestone for the meme cryptocurrency. This move increases liquidity and market participation by allowing investors to speculate on price movements without expiration date restrictions.
Following the news that it was listed on Coinbase International, there was a significant increase in the transaction value of Pepe Coin. Thus, it was noticed that the price of Pepe Coin increased by approximately 5%. This increase underlines that Pepe’s accessibility and expansion of trading options have been positively received by the market.
Also Read: Pepe Meme Coin Futures Launched on Coinbase, Prices Increase by 5%
PEPE Crypto Gathers Today
Launched in April 2023, Pepe Coin currently ranks fourth among meme coins in terms of market cap. At the time of writing, a market capitalization of $3.02 billion was recorded for Pepe Coin, underlining its significant presence in the crypto world.
Pepe Coin’s journey has had its share of controversies, including past conflicts regarding his relationship with the character Pepe the Frog. Despite being labeled a “hate symbol” by Coinbase in the past, the community remains resilient and focused on the coin’s development and listing milestones.
In response to concerns about how the character Pepe would be handled, writer Matt Furie took legal steps to secure representation of the character and prevent abuse. These measures reflect a commitment to preserving the integrity of the character and clearing up misconceptions about the character’s use.
As of writing, the Pepe Coin price increased by 3.45% to $0.000007185 on Friday, April 12. Additionally, PEPE’s 24-hour trading volume increased by 43.62% to $755.32 million. Considering the current price, the PEPE meme coin is poised for a massive 70% increase, according to Martinez’s prediction.
Also Read: FOXY Price Rises 40% After Big Listing Announcement
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