- PEPE Coin breaks new all-time high against Bitcoin, signaling strong momentum despite cautious warnings of potential pullbacks.
- Exchange listings and growing market adoption position PEPE Coin as a dominant player in the evolving crypto market.
PEPE Coin made headlines yesterday for reaching a new all-time high (ATH) after being listed on Upbit, Coinbase, and Robinhood, three of the top crypto trading platforms, as we previously reported. Today it has exceeded yet another benchmark—not against the US Dollar but rather in relation to the value of Bitcoin.
PEPE’s extraordinary expansion makes it a major participant in the crypto market, but it also begs issues regarding its sustainability and its risks. In a video, the host of The Crypto Report offers cautious advice for investors wishing to ride this wave and a thorough view of what lies ahead for PEPE.
PEPE Coin Surge: Balancing Growth and Caution
The amazing performance of PEPE has confirmed its ranking among the hottest tokens available. The Crypto Report claims that the memecoin’s meteoric climb in ranks—even within the top 100 cryptocurrencies—indicates its increasing power.
Fascinatingly, PEPE has kept its upward momentum even with other challengers like Peanut the Squirrel (PNUT) breaking important resistance levels.
After the Upbit, Coinbase, and Robinhood listings yesterday’s daily candle revealed notable bullish activity, the coin broke through. PEPE keeps outperforming not just its meme coin rivals but also the wider market, with the prior daily close confirming this surge.
The host does advise caution, though. PEPE’s 101% spike in just 7 days is a two-edged sword, notes the host. Although it reflects great optimism, history has shown that such fast expansion usually results in pullbacks.
Similar patterns were seen with Peanut the Squirrel, which suffered a significant downturn following a first boom, he observes.
Often following significant exchange events like those PEPE just encountered is the phenomenon of “buy the rumor, sell the news.” Though enormous, these offerings can cause brief sell-offs as speculators seize quick profits.
Projecting Growth Amid Bullish Market Trends
Notwithstanding these cautions, PEPE’s future seems to be very promising. According to The Crypto Report, a major indication of the token’s market endurance is its capacity to reach fresh highs against Bitcoin. PEPE will gain greatly, he says, if the total market cap of cryptocurrencies keeps its rising trend and maybe reaches $10 trillion during the current bull cycle.
Given that the host believes an 8x to 10x gain is still possible given the present market worth of already $10 billion. He rejects the idea of PEPE reaching $1 per token, though, citing that such a valuation would need for an unrealistically high market size above $1 trillion.
The performance of the larger market will determine PEPE’s future quite directly. With the entire market cap still to reach its prior high of $3 trillion, The Crypto Report adds that the crypto market is still in the early phases of its bull run.
Events like rising state-level and worldwide acceptance of Bitcoin as well as possible market-wide infusion of trillions of dollars might be major tailwinds for meme coins like PEPE. Still, he emphasizes that appraising the coin’s long-term potential depends on knowing market cap dynamics; thus, he counsels paying more attention to market cap than to price targets.
Meanwhile, PEPE is swapped hands at about $0.00002138 as of writing, a 98.33% rise over the last 7 days. The memecoin has seen a minor correction, but investors still find great attraction in its robust performance.
