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Analyst Predicts Record-Shattering Price for Pepe Whales in the Crypto Market
While much of the cryptocurrency market is still reeling from the recent slump, one meme coin—Pepe Coin—is refusing to give in.
As other cryptocurrencies fear a 5% decline in Bitcoin's (BTC) value, PEPE is showing off its impressive 20% daily increase and large gain over the previous month.
Crypto Tony and other optimistic pundits are crowing about the meme coin's probable all-time high (ATH) due to its recent bullish behavior.
An Anchor Amidst the Market Crash
Meme currency held its own throughout the current market fall, unlike its altcoin cousins. The fact that it has been able to weather the storm indicates a robustness that may be inspiring confidence among investors and drawing in new ones.
To hold PEPE throughout the last 30 days has been a wise decision. Presently, the price is $0.058, a whopping 20% increase. Additionally, the daily trading volume of $755 million is encouraging. This also adds gasoline to the already strong positive sentiment in the market.
Crypto enthusiasts are ecstatic by the recent uptick in whale activity. According to Lookonchain statistics, affluent investors have shown a lot of faith in the meme currency by buying a lot of it.
Meme coins are becoming more and more seen as real investment options, which might lead to additional price hikes and attract even more investors.
The massive 350 billion token (or just over $3 million) withdrawal from Binance by address 0xa145 is a good illustration of this. By pointing to the potential for lucrative swing trading opportunities, this activity strengthens the optimistic sentiment.
Notable cryptocurrency expert Crypto Tony has joined the chorus of bulls. Citing the meme currency's intrinsic power and recent price activity, he expects a new high for the meme coin.
Anyone looking for the next great thing in cryptocurrency is likely to pay heed to this upbeat prediction from a prominent figure in the industry.
