PEPE entered the market relatively late, yet it managed to make its investors big money. More recently, the meme coin saw a notable 86% rise within a week of Spot Bitcoin ETFs being approved. But the asset took a bearish turn, with its price dipping down by 6% over the past day to a low of $0.0000115. Just earlier today, PEPE was trading at a high of $0.00001224. However, a cryptocurrency analyst who goes by Scient believes that the asset has the potential to hit an all-time high.
PEPE currently trades 31% below its all-time high of $0.00001718. Taking into account its current level, the analyst believes that the peak might come from this point or a little lower. He thinks that the lower level makes more sense. Scient even suggested that there will be a rapid liquidation wick if the lower setup materializes.
Other platforms believe that PEPE could achieve a peak as early as next month. PEPE is slated to hit a high of $0.0000411 in August 2024. In addition, the average trading price of the meme coin will be around $0.0000274. But the asset might also dip to $0.0000136, which is much higher than its current state.
Also Read: Pepe Unchained Celebrates $6 Million Presale Milestone – Next Meme Coin to Explode?
PEPE Community Stronger Than Ever
The meme coin communities have been making strides in the cryptocurrency market. The OG meme cryptocurrency, Dogecoin [DOGE], has the largest community on X with 3.9 million followers. Shiba Inu [SHIB] falls right behind with 3.8 million followers. PEPE, despite its late entry into the market, was in fourth place with 675.4K followers.
As the meme coin tries to achieve a new high, the entire PEPE community waits eagerly for this surge.
Also Read: Shiba Inu Takes Backseat As Dogecoin, Pepe Record Surge In Volume
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