š±šPEPE Price Prediction as Market Recovery Brings 114.5% Increase ā Is 1 Dollar PEPE Coin Coming?
The price of PEPE has increased by 13.5% in the last 24 hours to $ 0.00000131, as the broader market has recorded a 3.5% increase over the same time period.
PEPE is now up 16% in a week and 100% in the last 30 days, which marks a strong comeback for meme coin, which has been weakening in the last few months after a strong May.
PEPE Price Forecast While the Recovery of the Market Provides an Increase of 114.5% ā Is the $ 1 PEPE Coin Coming?
PEPE has shown significant strength during the recent rally, and the cryptocurrency has outperformed many other top 100 coins.
The level of support (green) reinforces this view due to the fact that it has been settling at increasingly high points over the past few weeks.
This gives PEPE a strong foundation to launch new highs, and since its volume is still relatively high, more gains may come soon.
In fact, whales have been accumulating tokens in recent days, which indicates that the coin may make some more gains before correcting to the downside again.
What did the whale buy recently?
Whale, which has $10,080ETH ($19.4 million), spent $1,433ETH ($2.6 million) to buy $2.51 million ARB at $1,045 and $1,038ETH ($1.9 million) to buy $1.65trillion PEPE at $0.000001154.
Whale currently earns $177 thousand from $ARB(+7%) and $159 thousand from $PEPE(+8%).
- Lookonchain (@lookonchain) November 9, 2023
Of course, it should be remembered that PEPE is a 'pure' meme token, that is, he has no basic foundation or any real possibility of adoption.
Therefore, there is nothing that supports its price in the long run, so above-average declines may be seen when whales feel the need to make a profit.
However, since the market is likely to recover for at least a few weeks, PEPE may reach $ 0.000003 or $0.000004 before reaching the peak.
