PEPE Primed For A Big Leap: 80% Price Increase Incoming?

Christian Encila

1 year ago

3 mins read

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Created by industry experts and meticulously reviewed

The highest standards in reporting and publishing

How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Although the market for cryptocurrencies could be cooling off, one meme coin is not going to catch a cold. PEPE, a token with the internet’s well-known frog, has bucked recent negative patterns with a price and trading activity increase. With some experts projecting astronomical gains, this tenacity has spurred conjecture of a possible “bullish breakout” in the next days.

PEPE Weathers The Storm

While Bitcoin and Ethereum have rested in recent weeks, PEPE has seen startling strength. PEPE has not given in to the wider market chill unlike its more seasoned rivals. Actually, the meme coin has barely moved this week and even appreciated an almost 10% price increase over the past 24 hours. Analyzers and investors both have taken notice of this resiliency.

PEPE price action in the last 24 hours. Source: Coingecko

Trading Frenzy: PEPE Ignites Investor Interest

Increased trading activity supports the fresh optimism about PEPE even more. The coin is definitely in the forefront since its 24-hour trading volume exceeds an amazing $1.26 billion. Furthermore evidence of PEPE’s increasing influence in the crypto scene is its market value, which right now stands at a good $3.23 billion.

Technical Analysis Paints A Bullish Picture

Adding fuel to the fire, crypto analyst World Of Charts has identified a bullish flag pattern in PEPE’s recent price action. This technical indicator often precedes a price breakout, suggesting that PEPE might be on the cusp of a significant upward trajectory.

$Pepe #PEPE On Verge Of Another Breakout Formed Bullish Flag & Testing Its Upper Resistance Incase Of Breakout Expecting Another 80-90% Bullish Wave In Coming Days#Crypto pic.twitter.com/f2jtxpOIp3

— World Of Charts (@WorldOfCharts1) May 2, 2024

World Of Charts predicts a potential price surge of 80-90% in the coming days if the coin manages to break free from its current resistance level.

Meme Coin Frenzy: A Double-Edged Sword?

PEPE’s future is clouded with caution even with the positive view. The coin belongs to the meme coins category, a well-known segment of the bitcoin market distinguished by volatility and usually lacking significant basic support.

Total crypto market cap currently at $2.2 trillion. Chart: TradingView

Unlike well-known initiatives with practical uses, meme coins mostly depend on internet trends and community buzz to drive their value. Sharp market swings accompanied by equally spectacular falls can result from this.

Although an 80–90% return on investment is clearly appealing, professionals advise prospective investors to approach PEPE with a reasonable dose of doubt. Though hopeful, the analyst’s projection shouldn’t be considered financial bible. Particularly in the meme coin sector, the market for cryptocurrencies is naturally erratic.

Featured image from Pexels, chart from TradingView

Christian Encila

They say journalists never truly clock out. But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn.

Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats – a testament to his dedication to his furry companions (more on that later).

Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley!

So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill).

Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair.

Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin’ helps him analyze and write meticulously formatted articles even better.

Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies.

Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects.

So, the next time you tread into the world of cryptocurrency, remember the man behind the words – the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.