With its current valuation standing at approximately 500 million, some believe that the potential for $pepe to surge is imminent. One user, called modest, shared his thoughts on PEPE on Twitter.
For context, flipping $shib would mean a nearly 10x increase for $pepe, taking its valuation to a staggering 5 billion. To put this into perspective, 5 billion is a mere 1% of Bitcoin’s valuation, or equivalent to 2$ of Ethereum. Given the vast amounts of money flowing in the cryptocurrency market, there’s ample room for an “omega pump”, as some enthusiasts put it.
The performance of $pepe has been noteworthy. Despite being listed on most major centralized exchanges (cex), it has faced its share of challenges but has shown resilience. Some argue that its time for $pepe to shine is now, especially given its track record as one of the best-performing assets in its category.
However, when analyzing market trends, it’s essential to consider various factors and not rely solely on one method. For instance, while fractals are a popular tool among traders, they are primarily used to identify inflection points rather than to set specific targets. A recent analysis of a Bitcoin fractal overlaid on $pepe’s performance indicated a significant alignment, especially at the start of bullish trends. This has led some to believe that holding onto $pepe until the next inflection point might be a wise strategy.
But how high can $pepe go? That remains a topic of debate. While some are optimistic about its potential, others prefer to base their decisions on time variables rather than price. Tools like fib extensions, ranges, and trendlines can offer insights into potential market tops. For instance, touching a specific trendline, often referred to as the “loomline” by part of the community, might be an indicator for some to sell.
Pepe (PEPE) has been gaining attention in the cryptocurrency market. As of now, the price of Pepe stands at $0.00000124, marking a 3.1% increase in the last 24 hours. Over the past week, the token has seen a rise of 1.7%, although it has faced a decline of 8.5% and 18.4% over the past 14 days and 30 days, respectively.
While Pepe holds its own charm as a meme coin, its unpredictable nature is inherent to such tokens. On the other hand, Shiba Inu has firmly established itself as a formidable project in the crypto space. The soon to launch Shibarium has further propelled SHIB to the forefront, making it one of the most sought-after coins currently. This places Pepe in a challenging position, as it now faces stiff competition from a coin that’s not only trending but also backed by substantial developments. It’s essential to recognize the dynamic landscape of meme coins and the significant strides Shiba Inu has made, setting it apart from its peers
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