PEPE

Shiba Inu

strong bull

<ul class="wp-block-list"><li><strong>PEPE Coin recorded an ATH of $0.00002748, marking a 140% growth in the past 30 days.</strong></li><li><strong>PEPE now holds a market cap of $11.15B, surpassing major cryptocurrencies like LTC and UNI.</strong></li></ul><p>In the ongoing bull cycle, PEPE, the third-largest memecoin in the crypto market, has once again hit a new all-time high (ATH) within the past 30 days. According to CoinMarketCap data, PEPE Coin reached its ATH of $0.00002748 just 4 hours ago.</p><p>This surge in PEPE’s price has propelled the memecoin to overtake well-established cryptocurrencies like Litecoin (LTC) and Uniswap (UNI), securing its position as the 20th largest cryptocurrency by <a href="https://thenewscrypto.com/pepe-exceeds-10-billion-market-cap/" rel="noopener noreferrer nofollow">market cap</a>. At the time of writing, the PEPE price was $0.0000265, holding a market cap of $11.15 billion, signaling strong investor interest and continued bullish momentum.</p><div class="wp-block-image"><figure class="aligncenter size-full"><img width="809" height="287" src="https://thenewscrypto.com/wp-content/uploads/2024/12/image-18.png" alt="" class="wp-image-117164"></figure></div><p>Despite trailing behind Dogecoin and Shiba Inu in market cap—at $65.54 billion and $18.23 billion, respectively—PEPE holds its position as the third-largest memecoin, though analysts believe it still faces an uphill battle to overtake SHIB.</p><p>The global crypto market enjoying a strong bull run, largely driven by <a href="https://thenewscrypto.com/bitcoin-sways-at-the-100k-margin-after-recent-price-breakout/" rel="noopener noreferrer nofollow">Bitcoin’s</a> impressive rally—above the $103K zone. Further, Ethereum’s recent price breakout, reclaiming the $4K, has boosted the entire crypto ecosystem. The surge in ETH value has positively impacted Ethereum-based tokens, driving increased interest.&nbsp;</p><p>This has sparked optimism across the market, benefiting major altcoins, especially memecoins. Popular meme tokens like Shiba Inu (SHIB) and Dogwifhat (WIF) have also seen exponential growth.</p><h3 class="wp-block-heading" id="h-pepe-s-bullish-outlook-and-price-target">PEPE’s Bullish Outlook and Price Target</h3><p>PEPE’s rapid rise has been a highlight in the past few days, with analysts predicting continued bullish momentum. Some are even speculating that PEPE could eventually reach the $1 milestone by 2025. However, this target remains a long way from its current ATH.&nbsp;</p><div class="wp-block-image"><figure class="aligncenter size-large"><img width="1024" height="245" src="https://thenewscrypto.com/wp-content/uploads/2024/12/image-20-1024x245.png" alt="" class="wp-image-117167"></figure></div><p>Since its launch in April 2023, PEPE has witnessed a jaw-dropping 46,373% increase. Moreover, PEPE’s open interest has surged to a new high of $369.91 million, with a 10% rise over the last 24 hours, according to Coinglass data.</p><div class="wp-block-image"><figure class="aligncenter size-large"><img width="1024" height="487" src="https://thenewscrypto.com/wp-content/uploads/2024/12/image-19-1024x487.png" alt="" class="wp-image-117165"></figure></div><p>Looking ahead, the memecoin is currently following an ascending channel, with higher highs and lows, indicating a bullish trend as it moves between two parallel trend lines.</p><p>Zooming in, PEPE’s price is expected to trade within a bullish range with continued buying pressure. Additionally, PEPE’s strong bullish momentum, reflected in its RSI of 71 and a CMF of 0.18, has analysts optimistic about its future.</p><p>However, with signs of overbought conditions, the altcoin is expected to face resistance soon. TheNewsCrypto analysts have set a <a href="https://thenewscrypto.com/pepe-pepe-price-prediction/" rel="noopener noreferrer nofollow">bullish price target</a> of $0.00003600 for the token by the end of the year.</p><p><em><strong>Disclaimer: </strong>The opinion expressed in this article is solely the author’s. It does not represent any investment advice. TheNewsCrypto team encourages all to do their own research before investing.</em></p>

PEPE Coin Hits New ATH Moving Closer to SHIB in Rankings

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