Bitcoin

Crypto Analyst Calls For Record-Shattering Price

Published

6 months ago

May 13, 2024

The cryptocurrency market is perhaps feeling the chills of a latest downturn, however one meme coin is defying the freeze – Pepe Coin.

Whereas altcoins shiver within the shadows of Bitcoin’s (BTC) latest 5% dip, PEPE is strutting its stuff with a large surge previously month and a close to 6% day by day climb.

This bullish conduct has analysts like Crypto Tony croaking enthusiastically a few potential all-time excessive (ATH) for the meme coin.

A Beacon In The Bear Market

In contrast to its altcoin brethren who crumbled in the course of the latest market droop, the meme coin stood agency. This resilience suggests an underlying energy that may very well be attracting new traders and boosting investor confidence.

A Productive Month

The previous month has been a very good time to be a PEPE holder. The value has jumped a cool 20%, at present sitting at $0.058. Day by day buying and selling quantity additionally paints a promising image, clocking in at a noteworthy $755 million. This means wholesome market exercise and provides gasoline to the bullish fireplace.

Whales Diving In: A Signal Of Issues To Come?

An instance of this could be the massive withdrawal from Binance by deal with 0xa145, which totaled 350 billion tokens, or somewhat over $3 million. This motion reinforces the optimistic feeling by signaling at the potential for worthwhile swing buying and selling alternatives.

PEPE is at present buying and selling at $0.000008. Chart: TradingView

Analyst Chimes In

Including to the bullish refrain is outstanding crypto analyst Crypto Tony. He predicts a brand new excessive for the meme coin, citing the meme coin’s latest worth motion and inherent energy.

$PEPE / $USD – Replace

New excessive arising for PEPE. Good to see some energy and clear worth motion right here pic.twitter.com/lcZTysAu4z

— Crypto Tony (@CryptoTony__) May 11, 2024