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<p>The post <a href="https://coinpedia.org/price-analysis/peipei-coin-surges-28938-53-is-500m-market-cap-next/" rel="noopener noreferrer nofollow">PeiPei Coin Surges 28,938.53%! Is $500M Market Cap Next?</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a></p>
<p>The ever-changing world of crypto offers investors new opportunities every day. This time, it’s PeiPei coin. Just like Pepe is a green frog, PeiPei is a red frog. It launched on Uniswap in June, paired with wETH. Soon after, PeiPei found its place on major global exchanges like Poloniex, LBank, and Gate.io.</p>
<h2 class="wp-block-heading" id="h-the-rise-of-peipei">The Rise of PeiPei</h2>
<p>PeiPei has become a top gainer, securing the top position among the top 500 gainer tokens. In the past 24 hours, this red frog meme token saw a 51.70% rise in trading volume.</p>
<div class="wp-block-image">
 <figure class="aligncenter size-large is-resized"><img width="1024" height="236" src="https://image.coinpedia.org/wp-content/uploads/2024/07/10202825/peipei-top-gainer-1024x236.png" alt="peipei top gainer" style="width: 100%;height:auto">
  <figcaption>
   Source : CoinMarketCap
  </figcaption>
 </figure>
</div>
<p>Since its inception in June, PeiPei has experienced a staggering 28,938.53% rise, reaching its all-time high (ATH) yesterday.</p>
<div class="wp-block-image">
 <figure class="aligncenter size-large is-resized"><img width="1024" height="507" src="https://image.coinpedia.org/wp-content/uploads/2024/07/10202910/peipei-4-hour-chart-1024x507.png" alt="peipei rise from its inception" style="width: 100%;height:auto">
  <figcaption>
   Source : Dexscreener
  </figcaption>
 </figure>
</div>
<h2 class="wp-block-heading" id="h-peipei-s-strong-charts">PeiPei’s Strong Charts</h2>
<p>Currently, PeiPei is riding its major moving averages (MAs). After a 19.58% fall from its ATH, the meme token is now trading at $0.063129.</p>
<div class="wp-block-image">
 <figure class="aligncenter size-large is-resized"><img width="1024" height="505" src="https://image.coinpedia.org/wp-content/uploads/2024/07/10203131/peipei-19-per-cent-fall-1-1024x505.png" alt="19% fall in peipei" style="width: 100%;height:auto">
  <figcaption>
   Source : Dexscreener
  </figcaption>
 </figure>
</div>
<p>The Fibonacci tool shows major resistance at $0.063848. The current price is a support zone, with the strongest daily support at $0.062502. If PeiPei falls from its current support, the next support, according to the Fibonacci tool, will be near $0.062940.</p>
<div class="wp-block-image">
 <figure class="aligncenter size-large is-resized"><img width="1024" height="501" src="https://image.coinpedia.org/wp-content/uploads/2024/07/10203228/peipei-fib-1024x501.png" alt="fib levels for peipei" style="width: 100%;height:auto">
  <figcaption>
   Source : Dexscreener
  </figcaption>
 </figure>
</div>
<h2 class="wp-block-heading" id="h-community">Community</h2>
<p>Just a month after its launch, the red frog has gained almost 27,000 holders. At its peak, PeiPei recorded a market cap of $163.17 million, with the current market cap at $136.01 million.</p>
<div class="wp-block-image">
 <figure class="aligncenter size-large is-resized"><img width="1024" height="485" src="https://image.coinpedia.org/wp-content/uploads/2024/07/10203313/peipei-market-cap-1024x485.png" alt="peipei marketcap" style="width: 100%;height:auto">
  <figcaption>
   Source : Dexscreener
  </figcaption>
 </figure>
</div>
<p>The MACD indicates high bullishness, but the RSI shows it is oversold and needs a correction. If it falls, $0.062940 should act as support per the Fibonacci tool.</p>
<div class="wp-block-image">
 <figure class="aligncenter size-large is-resized"><img width="1024" height="234" src="https://image.coinpedia.org/wp-content/uploads/2024/07/10203334/peipei-macd-and-rsi-1024x234.png" alt="peipei MACD &amp; RSI" style="width: 100%;height:auto">
  <figcaption>
   Source : Dexscreener
  </figcaption>
 </figure>
</div>
<p>PeiPei’s official Twitter handle has quickly gained a substantial following, with a community of 15.7k followers. The official handle posted a screenshot of a significant purchase worth 68.60 ETH by an unknown whale, a very positive sign. Dexscreener shows high trading rates for this meme token.</p>
<div class="wp-block-image">
 <figure class="aligncenter size-full is-resized"><a href="https://x.com/Peipeierc20/status/1811012754242769252" rel="noopener noreferrer nofollow"><img width="451" height="544" src="https://image.coinpedia.org/wp-content/uploads/2024/07/10203523/peipei-twitter-post.png" alt="peipei official tweet" style="width: 100%;height:auto"></a>
  <figcaption>
   Source : Twitter
  </figcaption>
 </figure>
</div>
<p>If the developer maintains the momentum, the red frog has a high chance of reaching a market cap of $300 million to $500 million in a short time. <a href="https://coinpedia.org/news/3-meme-coins-for-up-to-2000-gains/" rel="noopener noreferrer nofollow">Meme coins</a> are very volatile, hence, investors’ discretion is advised.</p>

PeiPei Coin Surges 28,938.53%! Is $500M Market Cap Next?

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