The post Top Reasons Why PEPE Price Is All Set To Hit New ATH Soon appeared first on Coinpedia Fintech News
The cryptocurrency market saw a 4 percent drop in the last 24 hours, settling at approximately $2.48 trillion at the time of this report. This decline coincided with Bitcoin (BTC) encountering significant bearish pressure due to a death cross between the 50 and 100 SMA and a red 9 candlestick from the TD Sequential on the 12-hour time frame.
Amidst this market turbulence, traders are turning their attention to meme coins, overshadowing utility-based altcoins. The meme coin sector has witnessed explosive growth, boasting a market cap exceeding $54 billion and an average daily traded volume of around $6.2 billion.
Pepe Emerges as a LeaderEthereum-based meme coin Pepe (PEPE) has consistently stood out, experiencing a remarkable surge of over 53 percent in the past seven days. Currently trading at around $0.00000726 during the mid-London session on Thursday, Pepe’s rise can be partly attributed to the recent listing of Pepe perpetual futures 1000PEPE-PERP on the Coinbase International Exchange and Coinbase Advanced.
$PEPE is showing a clear bullish flag pattern breakout, indicating potential for breaking all-time highs.