Pepe Price Prediction as PEPE Blasts Up 20% with $100 Million Trading Volume – Are Whales Buying?
Pepe Coin has experienced a notable resurgence, grabbing the attention of many investors. Its consistent upward trend has surged from $0.000001185 to roughly $0.000001356 with a trading volume of $100 million.
This highlights the increasing passion and engagement towards this cryptocurrency.
Pepe coin is performing well, providing a promising outlook for investors. The cryptocurrency, known for its frog theme, has seen a remarkable resurgence.
The current Pepe price is $0.000001, with a 24-hour trading volume of $83,254,842. Pepe has increased by nearly nearly 20% in the last seven days and is now ranked #72 in the market, with a live market cap of $522,153,169.
It has a total quantity of 420,690,000,000,000 PEPE coins and a circulating circulation of 391,790,000,000,000 PEPE coins.
Impressively, the coin's price has even managed to breach a significant resistance point situated at $0.00000135, indicating the possibility of its upward trajectory persisting in the future.
Whale Activity and Potential Impact on Pepe Coin's Performance
As previously mentioned, the recent resurgence of Pepe coin has been notably driven by substantial investments from prominent players often referred to as whales.
While their participation can indeed provide a short-term boost to the coin's price, it also introduces certain risks.
These influential investors hold the capacity to suddenly offload a substantial portion of their coin holdings, potentially triggering a sharp decline in value and consequential losses for other coin holders.
According to data sourced from Lookonchain, it becomes evident that these whales have been showing heightened interest in PEPE.
Their involvement is underscored by a substantial investment of 1 million USDC, enabling them to acquire a massive 807 billion PEPE tokens at an average price of $0.000001239 per token.
This strategic move serves as a clear reflection of the escalating value attributed to PEPE within the market.
The ongoing performance of PEPE coin strongly indicates that whales are actively working to stimulate demand, akin to their actions observed in July.
Nonetheless, it's imperative to recognize that this surge could be primarily fueled by speculative activities.
Presently, the PEPE coin remains limited in its utility, largely revolving around trading based on speculative assessments of its worth.
Pepe Coin Price Predictions and Trends for 2023
Since the start of its trading, it has experienced an astonishing 25,000% growth within just 20 days.
The price of Pepe coin could fluctuate between $0.0000008 and $0.00000450.
Although recent market movements bring an air of uncertainty, there's a prevailing sentiment that the coin might witness a substantial surge.
By year's end, Pepe coin could potentially touch a high of $0.00000450.
However, there's also a possibility of facing hurdles that could depress its price to as low as $0.00000080.
The median price is anticipated to hover around $0.00000265.
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Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.