Pepe coin price is pumping 33% at $0.000001644, as the weekend market flashes green, especially where meme coins are concerned, as with $SPONGE and AiDoge.com also climbing.
Only a month old Pepe has delivered a 2,777% return for its early investors.
A swooning bitcoin price has impacted sentiment and prices over the past couple of days, but anyone zooming out from the near-term noise will have noticed that the leading crypto is still up 61% and above its all-important 200-day moving average.
Meme coins are of course far more erratic than bitcoin due to the red hot speculative price action that surrounds the sector, so technical analysis can be far less important than momentum and sentiment.
Regarding momentum, Pepe zoomed to a market cap that was briefly above $1 billion – a remarkable achievement for such a young coin.
Meme coins are very far from being on the last leg as some have predicted.
Coins such as Pepe, even newer and perhaps more promising meme coin $SPONGE, Wojak and even Milady Coin, all look like they have the legs for plenty more running.– If you are looking for the best meme coins to invest in, click the story at the link –
Pepe price predictions see the coin rising to as high as $1, which would equate to a 60,827,150% – a 60 million percentage climb from the current price.
That might be outlandish but only a fraction of that return could deliver life-changing returns.
Regardless of what the future holds, those who bought the dip yesterday are sitting on substantial gains, underscoring the Warren Buffett maxim to buy when others are scared.
But before Pepe went parabolic it was in the relative doldrums. It was only as its existence began to become more widely known that it took off, with momentum feeding back
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