- 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 hitting 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 reported. Today it surpassed another benchmark, not against the US dollar, but rather against the value of Bitcoin.
PEPE’s extraordinary expansion makes it a major player in the crypto market, but it also raises questions about its sustainability and risks. In a video, the host of The Crypto Report offers prudent advice for investors wishing to ride this wave and an in-depth view of what awaits PEPE.
PEPE Coin Surge: balancing growth and prudence
PEPE’s astonishing performance has confirmed its ranking as one of the most popular tokens available. The Crypto Report claims that memecoin’s meteoric rise through the ranks, even among the top 100 cryptocurrencies, indicates its growing power.
It is fascinating to see that PEPE has maintained its upward momentum, even as other challengers like Peanut the Squirrel (PNUT) have broken through significant resistance levels.
After yesterday’s daily candle from the Upbit, Coinbase, and Robinhood listings revealed notable bullish activity, the coin broke out. PEPE continues to outperform not only its coin rivals, but also the market as a whole, with the previous daily close confirming this rise.
The host advises caution, however. PEPEs A 101% spike in just 7 days is a double-edged sword, notes the host. While this reflects great optimism, history has shown that such rapid expansion usually leads to setbacks.
Similar trends were seen with Peanut the Squirrel, which suffered a significant downturn after an initial boom, he observes.
Often, following important exchange events like those that PEPE has just encountered, we witness the “buy the rumor, sell the information” phenomenon. Although huge, these offers can cause brief sell-offs as speculators make quick profits.
Projecting growth amid upward market trends
Despite these precautions, the future of PEPE seems very promising. According to The Crypto Report, a major indication of the token’s strength in the market is its ability to reach new highs compared to Bitcoin. PEPE will gain greatly, he says, if the total market capitalization of cryptocurrencies maintains its upward trend and perhaps reaches $10 trillion during the current bull cycle.
Since the host estimates that an 8-10x gain is still possible given the current market value which already stands at $10 billion. He, however, rejects the idea of ​​PEPE reaching $1 per token, saying such a valuation would require an unrealistic market size in excess of $1 trillion.
The performance of the market as a whole will very directly determine the future of PEPE. While the total market cap has yet to reach its previous high of $3 trillion, The Crypto Report adds that the crypto market is still in the early stages of its bull run.
Events such as the rise of the state level and global acceptance of Bitcoin as well as a possible market-wide injection of billions of dollars could provide a major tailwind for meme coins like PEPE. He nevertheless emphasizes that assessing the long-term potential of the coin depends on knowing the dynamics of market capitalization; thus, he advises paying more attention to market capitalization than price targets.
Meanwhile, PEPE changes hands to $0.00002138 at the time of writing, a 98.33% increased over the last 7 days. The memecoin has seen a minor correction, but investors still find great appeal in its strong performance.