Following Bitcoin’s soar to a new all-time high over the past week, many altcoins are experiencing a steady green trend.
The market-wide boom hasn’t escaped meme coins either, with the leading coins recording double and triple-digit gains over the week.
Pepe (PEPE) stands out as the biggest gainer among the top five meme coins, with a 77.46% soar in the past 24 hours.
So, is now a good time to buy Pepe?
Crypto Market Surges Past $3 Trillion as PEPE Gains Momentum With Key Listings on Coinbase and Robinhood
Following President Donald Trump’s re-election, the crypto market has seen a steady rise. It currently stands at $3.02 trillion after a 4.49% soar over the past 24 hours.
Bitcoin (BTC) is up 26% since Election Day which also saw the election of several pro-crypto lawmakers to Congress, creating a wave of euphoria in the market.
While the market-wide soar undoubtedly influenced PEPE’s rise to a new all-time high at $0.00002486, its recent developments also had an impact.
PEPE is now listed on Coinbase and Robinhood, which helped it soar by 77% over the past 24 hours and outperform DOGE’s weekly growth.
Following its recent success, PEPE’s market cap is now hovering just below the $10 billion mark, with a 24-hour trading volume of $21 billion. Its week-long growth is at a massive 118.97%, while the Elon Musk-endorsed DOGE closely follows with 110.08%.
Crypto analyst Ash Crypto sees the current market sentiment as an ideal opportunity for Bitcoin to soar past $100,000, which could signal further gains for meme coins such as PEPE.
PEPE has now stabilized around the $0.000022 range, but with the bullish momentum running high, it could just be a short consolidation phase before its next move.
What’s Next for PEPE?
As the appetite for meme coins grows, Crypto Rover told his 911,000-strong audience on X (Twitter) that he expects PEPE to 10x from yesterday’s price of $0.00001605.
Other experts, such as Max, are comparing PEPE’s recent developments to Shiba Inu’s (SHIB) pre-breakout position in September 2021. Shiba Inu was listed on Coinbase on September 16th, 2021, priced at $0.000006772, and reached its ATH of $0.00007923 next month.
Besides its listings, PEPE’s technical indicators show strong growth opportunities for the coin. It is currently trading at $0.00002276, well above its 50-day simple moving average (SMA) of $0.000009979 and 200-day SMA of $0.000009156, signaling positive momentum and potential for further gains.
However, analysts from Santiment believe investors should be cautious while buying PEPE at its current price, suggesting the current hype could be driven by short-term emotions, which could lead to volatility and potential market corrections.
The current fear and greed index rating of 86 reinforces that notion.
One alternative to PEPE is Pepe Unchained, a new meme coin that’s broken records through its ongoing presale.
Could Pepe Unchained Give Bigger Gains?
Pepe Unchained is set to join the $116 billion meme coin market in just under 29 days. Having raised over $29.3 million since the start of its presale, Pepe Unchained is the biggest meme coin ICO yet.
The Pepe-themed token plans to enter the market with a bang, as its developers intend to release the Pepe Unchained Layer 2 network and provide 100x faster transaction speeds than Ethereum at a fraction of its gas fees.
PEPE UNCHAINED CRYPTO ICO LAUNCHES In 28 Days – Next 10X Crypto Meme Coin?!
Investors can join the presale by purchasing PEPU using BNB, ETH, USDT, or a bank card at its current price of $0.01281. PEPU’s presale backers will gain access to their coins once PEPU hits the DEXs.
PEPU’s developers plan to release the Layer 2 network with features such as instant bridging to ETH, advanced analysts, a dedicated chain explorer, and more.
They’ve also recently announced PEPU’s launchpad, Pump Pad, designed to help meme coin developers launch their coins with zero coding knowledge.
Although the crypto market is unpredictable, PEPU stands a real chance to explode on launch, thanks to its massive hype, organic community, and promising utility.