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PEPE Inks 46% Weekly Gain - Can It Leap To the $1 Jackpot?
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PEPE Inks 46% Weekly Gain – Can It Leap To The $1 Jackpot?

Christian Encila
Christian Encila
1 year ago
3 mins read
PEPE

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Struggling to make significant upward strides, the PEPE price might touch $0.0000020 in the next few weeks, grappling with the challenge of surpassing this particular threshold.

Predicting the long-term trajectory remains elusive; achieving the $1 mark for PEPE requires an extraordinary surge from its present level, a feat that would position PEPE among the most lucrative meme coins in history.

Meme tokens, lacking robust fundamentals and utility, consistently face the looming threat of being overshadowed by newer, trendier counterparts.

Hence, while a modest increase to $0.0000020 in the near future appears plausible, surging beyond this may prove to be a formidable hurdle for the PEPE price.

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Mastering Timing In Meme Token Investments

Investors are cautioned to tread carefully, as meme tokens like PEPE are prone to significant acquisitions by large investors, followed by subsequent dumping. Despite PEPE’s overall growth potential, substantial downturns are anticipated to be a recurring pattern.

Recognizing the pivotal role that timing plays in the realm of cryptocurrency investments, it becomes evident that the significance of choosing the opportune moment cannot be emphasized enough.

PEPEUSD currently trading at  $0.000002 territory on the daily chart: TradingView.com

The dynamic and often unpredictable nature of the crypto markets amplifies the impact of timing on investment outcomes, presenting a delicate balance between seizing potential opportunities and navigating potential risks.

Meanwhile, data from Santiment sheds light on a significant milestone in the world of cryptocurrency. Specifically, the number of distinct addresses engaged in PEPE transfers has surged to an unprecedented all-time high, maintaining this elevated status for an impressive 25 consecutive days.

This surge in unique addresses participating in PEPE transfers not only underscores a heightened level of activity but also suggests a sustained and robust interest in the PEPE cryptocurrency ecosystem.

Source: Santiment

PEPE’s Strong Chart Signals Anticipate Bullish Surge

On another positive note, PEPE’s chart currently exudes strength, with indicators hinting at imminent gains. The convergence of PEPE’s 30-day moving average and its 200-day average is on the horizon, potentially signaling a ‘golden cross,’ a phenomenon often associated with breakouts.

Simultaneously, the Relative Strength Index (RSI) for PEPE hovers near 70, indicating sustained buying pressure that is likely to propel the altcoin’s value upward in the coming days.

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Supporting this optimistic perspective is the consistent elevation in trading volume, a clear indication that significant market players are actively accumulating PEPE.

This heightened trading activity suggests a palpable anticipation among major investors, as they position themselves strategically to capitalize on anticipated future price surges.

Despite a recent indication of sluggishness, PEPE remains resilient, boasting a 46% increase over the past week and a solid 20% rise over the last four weeks.

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

People were shocked when PEPE reached a market cap of $1 billion only one month after it came out. During this time, the meme coin rose to its all-time high of $0.000004354. Because of this, it became famous and was added to well-known cryptocurrency exchanges like Binance.

Today, with a market cap surpassing $670 million, PEPE continues to attract attention, and its 24-hour trading volume, nearing $400 million, indicates the potential for further rallies in the days to come.

As PEPE demonstrates notable gains, the prospect of reaching the $1 jackpot adds an element of anticipation.

(This site’s content should not be construed as investment advice. Investing involves risk. When you invest, your capital is subject to risk).

Featured image from Shutterstock

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Christian Encila
Christian Encila

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.

Read more

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.

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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.

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