Pepe Coin Price Prediction as PEPE Suddenly Shoots Up 19% – Are Whales Buying?
PEPE price predictions are turning bullish in dramatic fashion as the frog meme coin jumps 17% in value in the past 24 hours.
Currently priced at $0.000001753, PEPE is sitting on a monthly gain of 98%. PEPE started blasting higher at the end of June, but is still way off its all time high of $0.000004449 printed on May 5th this year.
Nevertheless, early buyers of PEPE have seen returns of 23,310%, and given the 60% drawdown from the all-time high (ATH), there is plenty of headroom for more explosive upside.
Since the token's inception on April 10th, at its height it reached a market capitalization that shattered the $1 billion market ceiling.
PEPE currently has a market cap of $688 million, making it the 63rd-ranked coin, according to Coinmarketcap data.
The ruling by the judge Analisa Torres in the US District Court of Southern New York that Ripple selling XRP tokens to the public did not constitute the promotion of an unregistered security, has lifted the entire crypto complex.
Along with top altcoins, PEPE has been among the main beneficiaries of the XRP news. XRP price predictions are going ballistic – but so too are PEPE forecasts.
In the case of PEPE this is not because of any particular utility of the token or legals, so much as its brand reach, as this popular tweet shows:
Given the fair wind for crypto as a result of the XRP ruling, and before it the news that BlackRock had filed to launch a spot bitcoin ETF, there is now strong bullish momentum for PEPE.
Indicative of those opportunities is the activity of PEPE whales. Cryptonews analysis shows buying activity among the largest 100 PEPE holder is heating up.The second-largest whale PEPE wallet, excluding exchange wallets, added 35,357,279,418 PEPE tokens in the past
Read more on cryptonews.com
