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Despite the Fact That PEPE Has Increased by Thirty Percent, Would Whales Continue to Buy?

Phillip Bryant

ByPhillip Bryant

Feb 28, 2024
Despite the Fact That PEPE Has Increased by Thirty Percent, Would Whales Continue to Buy?

The price of Pepe (PEPE) surged by 30% on Monday as investors returned to the meme coin due to increased risk appetite in the cryptocurrency markets. This coincided with Bitcoin (BTC) reclaiming $54,000 for the first time since December 2021.

Recently traded at just below $0.0000018, the Pepe value has reached its peak levels since July 2023.

PEPE even made an unsuccessful effort to surpass its peak levels from summer 2023 in the $0.00000188 range.

A significant increase in daily trading volumes to more than $460 million on major cryptocurrency exchanges may suggest large investors are purchasing.

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Nevertheless, it may indicate a surge in retail trading activity.

Regardless, considering the robust bullish momentum currently present in the cryptocurrency market this week, Pepe’s price risks are still leaning toward the upside.

Pepe Price Forecast – What’s on the Horizon for PEPE?

If the Pepe value decisively manages to surpass the resistance around $0.00000188, it could surge back to its all-time highs.

This indicates the possibility of increasing by up to 150% from the current levels.

That would bring Pepe’s market capitalization back to approximately $1.8-9 billion.

However, ever since it was introduced in early 2023, Pepe has established itself as one of the leading meme coin labels in the world of cryptocurrency.

It may reach a market cap of around $10 billion during this bullish market, resulting in potential profits of over ten times the current levels.

These would represent significant profits, but numerous meme coin investors are seeking returns nearing 100 times their investment.

Despite its positive outlook, Pepe’s market capitalization is excessively inflated to provide returns of this magnitude.

Coins with market caps below $100 million are the only ones with a realistic shot at achieving gains of 100 times their value.

An example of a coin that has the potential to provide significant returns is a recently introduced meme coin known as Frogwifhat (FWIF).

Frogwifhat (FWIF) Is an Alternative to Pepe That Should Be Considered

An emerging meme cryptocurrency named Frogwifhat (FWIF) has the potential to become the next big meme coin to experience a 100-fold increase in value.

The cryptocurrency was introduced on the Ethereum network earlier today and quickly reached a market capitalization of up to $4 million in just a short period.

Investors currently have an opportunity to buy, as the token has retraced to approximately $0.0016 and a market capitalization of about $1.6 million.

After examining the frogwifhattoken.com website, it is evident that the cryptocurrency aims to replicate the achievements of Dogwifcoin, Bonk, and Smog. Speculations suggest that the creators of this coin could be linked to the success of the meme above coins.

Potential purchasers should conduct their investigations, but there are numerous appealing aspects to the coin.

Additionally, more than $300,000 in liquid assets have been secured at the outset. When it comes to cryptocurrencies that are listed on decentralized exchanges, this element is of significant importance. There is no potential for a rug pull, which is when the developers of a project steal the money from token holders because secured liquidity eliminates this option.

The initial release – every single one of the 1 billion tokens can be found on the public market – is similar to other cryptocurrencies in that it features animal-wearing headgear. In this case, it’s a Frog sporting a Beret, with the beret symbolizing French culture.

Phillip Bryant

Phillip Bryant

Phillip Bryant, an esteemed writer in the financial field, imparts his extensive knowledge of currency markets to the readers of Main Crypto News. With a wealth of experience in international finance and a keen sense of market trends, Bryant offers timely and perceptive analysis of foreign exchange, keeping readers well-informed.

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