Pepe

April

Verge

Captain

<p>The post <a href="https://coinpedia.org/price-analysis/pepe-price-on-the-verge-of-a-3x-rally-here-are-the-potential-high-levels/">PEPE Price on the Verge of a 3x Rally: Here Are the Potential High Levels</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>Leading frog-themed meme coin, <a href="https://markets.coinpedia.org/pepe/">Pepe</a> (PEPE) rallied more than 17 percent on Tuesday during the early New York session to trade around $0.00000773. The mid-cap meme coin, with a fully diluted valuation of around $3.25 billion at the time of this report, recorded a 40 percent spike in trading volume in the past 24 hours.</p> 
<h2 class="wp-block-heading" id="h-why-is-pepe-price-surging">Why Is Pepe Price Surging?</h2> 
<p>Following the <a href="https://coinpedia.org/news/post-bitcoin-halving-analysis-potential-for-a-short-squeeze-in-crypto-markets/">Bitcoin halving</a> last weekend, more investors have been diversifying their crypto investments into speculative assets led by <a href="https://coinpedia.org/price-analysis/top-memecoins-display-mixed-sentiment-doge-or-shib-which-to-buy/">meme coins</a>. According to market data provided by Coingecko, the total market cap for top meme coins surged by around 6 percent to about $58.3 billion.&nbsp;</p> 
<p>Top meme coins led by Pepe, <a href="https://markets.coinpedia.org/floki/">Floki</a>, and <a href="https://markets.coinpedia.org/bonk1/">Bonk</a> among others surged nearly 20 percent.</p> 
<p>Meanwhile, <a href="https://coinpedia.org/news/xrp-holders-attorney-represents-thousands-of-coinbase-customers-in-sec-battle/">Coinbase</a> International announced its 1000PEPE-PERP market is fully available for trading following the recent listing. The recognition of Pepe by Coinbase is a major milestone that will expose the meme coin to a wider global market.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">Our 1000PEPE-PERP market is now in full-trading mode on Coinbase International Exchange and Coinbase Advanced. Limit, market, stop, and stop limit orders are all now available. <a href="https://t.co/hO32wARVFu">pic.twitter.com/hO32wARVFu</a></p>— Coinbase International Exchange 
   <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f6e1.png" alt="🛡" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@CoinbaseIntExch) <a href="https://twitter.com/CoinbaseIntExch/status/1782745828932698592?ref_src=twsrc%5Etfw">April 23, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
<p>Did you Know : <a href="https://coinpedia.org/price-analysis/altcoins-rebound-as-bitcoin-gains-strength-terraclassic-luna-terra-luna-could-rise-by-20-soon/">Altcoins Rebound as Bitcoin Gains Strength; TerraClassic (LUNA) &amp; Terra (LUNA) Could Rise By 20% Soon</a></p> 
<h2 class="wp-block-heading" id="h-pepe-price-rally">PEPE Price Rally</h2> 
<p>Following today’s spike, Pepe’s price attempts to break out of a recent correction towards a new all-time high. According to a popular crypto analyst, Captain Faibik, <a href="https://coinpedia.org/price-prediction/pepecoin-pepe-price-prediction/">PEPE price</a> is well positioned for another 2-3X rally in the coming weeks. Notably, Pepe is already in price discovery mode on the weekly time frame following the bullish breakout earlier this year.&nbsp;</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr"><a href="https://twitter.com/search?q=%24PEPE&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$PEPE</a> <a href="https://twitter.com/hashtag/PEPE?src=hash&amp;ref_src=twsrc%5Etfw">#PEPE</a> Looks Pretty Solid for Another 2-3x Bullish Rally. <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f4c8.png" alt="📈" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/1Y4DRvWLWg">pic.twitter.com/1Y4DRvWLWg</a></p>— Captain Faibik (@CryptoFaibik) <a href="https://twitter.com/CryptoFaibik/status/1782766510810837034?ref_src=twsrc%5Etfw">April 23, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
<p>However, Pepe’s price must consistently close above the daily falling logarithmic trend to invalidate further correction in the near term. However, the next crypto market phase will be decided by Bitcoin’s price action, as it has been in major bull cycles.</p> 
<p>Read Also : <a href="https://coinpedia.org/price-analysis/top-3-low-cap-metaverse-token-with-10x-potential-in-2024/">Top 3 Low Cap Metaverse Token with 10X potential in 2024&nbsp;</a></p>

PEPE Price on the Verge of a 3x Rally: Here Are the Potential High Levels

Table of Contents

CoinPedia News

Other articles published on Apr 24, 2024

Binance to Delist Six Altcoin Trading Pairs

Positive Market Outlook For Cryptos Post Bitcoin Halving

Join Us at the ICP Global Townhall

Insights into Recent Cryptocurrency Market Dynamics and Price Movements

Worldcoin Set To Increase WLD Supply By 19%, World Assets Ltd Gears Up For Outflows

Hong Kong’s Bitcoin And Ethereum ETFs Trading Confirmed To Start On April 30

Join our free newsletter for daily crypto updates!