2024

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<p>The crypto market is facing another setback with the <a href="https://coingape.com/why-bitcoin-price-is-falling-today/">Bitcoin price</a> drop. As a result, the majority of cryptocurrencies are under losses, including PEPE. The frog-themed meme coin, PEPE has succeeded in staying in a profit overall this week as the <a href="https://coingape.com/price/pepe-coin/">price</a> has surged by 50%, but compared to its yesterday’s&nbsp;value, the token is in a 7% decline. The meme coin is currently trading at $0.000007373,&nbsp;which is&nbsp;just 31% away from its all-time high record set just a month and a half ago.</p> 
<p>This <a href="https://coingape.com/blog/4-reasons-crypto-market-is-crashing-today/">crypto market fall</a> is because of the post-<a href="https://coingape.com/trending/how-is-bitcoin-halving-adjusting-the-market/">Bitcoin halving</a> volatility attacks as cryptocurrencies face sharp declines over the liquidation issues. Apart from that, the <a href="https://coingape.com/bitcoin-btc-price-cracks-under-60000-as-iran-israel-conflict-escalates-whats-next/">Middle East geopolitical situation</a> is also worsening, impacting the performance of the market.</p> 
<p>Not to forget, the crypto business leader <a href="https://coingape.com/trending/3-reasons-why-changpeng-zhao-prison-can-be-3-years-long/">Changpaneg Zhao</a> has been battling a legal case with the US regulators for months now and is on the verge of a sense of three years. To make the situation worse, the&nbsp;<a href="https://coingape.com/doj-arrests-samourai-wallet-duo-for-laundering-100m/">Samourai Wallet founders</a> are under arrest for the accusation of money laundering.</p> 
<p>Despite all these falls, the <a href="https://coingape.com/blog/meme-coins-with-bullish-trend-today/">meme market</a> is comparatively doing fine as investors are turning towards meme coins for short-term gains.</p> 
<h3 id="can-pepe-achieve-a-new-ath-soon">Can PEPE Achieve A New ATH Soon?</h3> 
<p>PEPE is among the most preferred meme coins and has always succeeded in making a comeback out of such bearish situations. Even now, crypto analysts like Captain Faibik believe that PEPE can surge to an ATH because of the clear bullish flag patterns.</p> 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 <p lang="en" dir="ltr"><a href="https://twitter.com/search?q=%24PEPE&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$PEPE</a> is showing a clear bullish flag pattern breakout, indicating potential for breaking all-time highs. <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f680.png" alt="🚀" class="wp-smiley" style="height: 1em; max-height: 1em;"></p> 
 <p>Source: CryptoCove <a href="https://t.co/KXrNhMliXV">pic.twitter.com/KXrNhMliXV</a></p> 
 <p>— Bitcoinsensus (@Bitcoinsensus) <a href="https://twitter.com/Bitcoinsensus/status/1783375677510602914?ref_src=twsrc%5Etfw">April 25, 2024</a></p>
</blockquote> 
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p> 
<p>Along with this, whale activity has also risen recently as an 11% surge has happened in whale transactions exceeding the $100,000 value. The number of such whales has increased to 273 from 246 within a single&nbsp;day.</p> 
<h3 id="coinbase-futures-listed-pepe">Coinbase Futures Listed PEPE</h3> 
<p>On the 22nd of April, <a href="https://coingape.com/glossary/coinbase/">Coinbase</a> announced the launch of the PEPE perpetual features on its platform. These <a href="https://coingape.com/education/what-is-perpetual-protocol-perp/">perpetual protocols</a> are Smart Contracts with no expiration date and replicate the underlying spot asset performance.</p> 
<p>Coinbase has listed these options on the 23rd of April and has become the reason for its <a href="https://coingape.com/pepe-coin-price-rallies-ahead-coinbase-futures-listing/?utm_source=sidebartabnews">previous surge</a>.&nbsp;Initially, Coinbase announced their plans for PEPE perpetual future contracts on the 11th of April, but because of <a href="https://coingape.com/coinbase-delays-pepe-coin-perp-futures-launch-pepe-price-declines/">technical issues</a>, the plans got delayed till the 23rd.</p> 
<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> 
 <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></p>
</blockquote> 
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p> 
<p>This addition has helped PEPE to expand its market to cater to the demand for the token. PEPE presented a splendid performance in March, leading to increased <a href="https://coingape.com/ai-chatbots-in-trouble-as-people-demand-copyright-for-data/">demand</a> for the meme coin. With the start of the March month, the token has surged from the low of $0.000002738 to the all-time high of&nbsp;$0.00001074.&nbsp;But that did not last long, as <a href="https://coingape.com/markets/2-top-altcoins-to-hold-targeting-100x-potential-in-april/">April&nbsp;</a>hasn’t&nbsp;been&nbsp;good&nbsp;for the crypto market.</p> 
<h2 id="conclusion">Conclusion</h2> 
<p>With a few bullish indications, there are chances for PEPE to get on track to attain the ATH target. The meme coin&nbsp;just&nbsp;needs a bullish push from the crypto market to create the momentum it had the previous month. If the market returns to its last&nbsp;month’s&nbsp;conditions, PEPE might succeed in going above the ATH before the month ends.</p> 
<p>Read More <a href="https://coingape.com/trending/bnb-update-top-reasons-why-bnb-might-hit-700-soon/">Top Reasons Why BNB Might Hit $700 Soon</a></p> 
<p>The post <a href="https://coingape.com/trending/pepe-price-surged-50-to-target-a-new-ath/">PEPE Price Surged 50% To Target A New ATH</a> appeared first on <a href="https://coingape.com">CoinGape</a>.</p>

PEPE Price Surged 50% To Target A New ATH

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