Pepe Coin Price Set For 54% Rally: Popular Analyst
Highlights
- Pepe Coin is bracing for a massive surge.
- Crypto analyst Ali Martinez believes that the Pepe Coin price will rally 54% after breaking out from a range.
- The surge indicates that PEPE could potentially attain a new all-time high, which hints a 70% rally from the current price.
Pepe Coin (PEPE), a prominent meme coin on Solana, is poised for a potential surge in value. As forecasted by crypto analyst Ali Martinez, the Pepe Coin price could register a 54% rally if it meets one condition. This comes after the announcement of Pepe’s addition to Coinbase International’s perpetual futures offerings.
Pepe Coin Price To Soar 54%
With Martinez’s forecast indicating the potential for a significant rally, investors are closely monitoring Pepe Coin’s performance. Moreover, the identified price range of $0.00000793 – $0.00000664 serves as a critical threshold, according to the analyst. Furthermore, he suggests a daily close outside of this range could be extremely bullish for the Pepe Coin price.
In addition, he noted that such a close would signal a potential 54% move for PEPE. If Pepe Coin breaks above $0.00000793, it indicates that the price could reach a new all-time high of $0.0000122. Currently, the ATH stands at $0.00001074, which was attained on March 14, 2024.
On the other hand, Coinbase International’s decision to include Pepe Coin perpetual futures is scheduled for implementation on April 18. Moreover, this represents a significant milestone for the meme crypto. This move enables traders to engage in speculation on price movements without the constraints of expiration dates, fostering increased liquidity and market participation.
In response to the news of its listing on Coinbase International, Pepe Coin experienced a notable uptick in trading value. Hence, the Pepe Coin price was noticed surging by nearly 5%. This surge underscores the market’s positive reception to the expansion of Pepe’s accessibility and trading options.
Also Read: Pepe Meme Coin Futures Launch on Coinbase, Price Climbs 5%
PEPE Crypto Rallies Today
Pepe Coin, launched in April 2023, currently holds the fourth position among meme coins by market capitalization. At press time, a $3.02 billion Market cap was recorded for Pepe Coin, highlighting its significant presence within the crypto sphere.
Pepe Coin’s journey has not been without its share of controversies, including past clashes over its association with the Pepe the Frog character. Despite being labeled as a “hate symbol” by Coinbase in the past, the community remains resilient and focused on the coin’s development and listing milestones.
In response to concerns over the handling of the Pepe character, author Matt Furie has taken legal steps to safeguard its representation and prevent misappropriation. These measures reflect a commitment to protecting the integrity of the character and addressing any misconceptions surrounding its usage.
As of writing, the Pepe Coin price gained 3.45% to $0.000007185 on Friday, April 12. In addition, the 24-hour trading volume for PEPE soared 43.62% to $755.32 million. Considering the current price, the PEPE meme coin is poised for a massive 70% surge, according to Martinez’s prediction.
Also Read: FOXY Price Rallies 40% After Major Listing Announcement
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