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Home Price Analysis

PEPE’s market cap may soon hit $1B, according to trader

Gary Flanders by Gary Flanders
2 years ago
PEPE's market cap may soon hit $1B, according to trader

Nebraskangooner, a seasoned crypto trader, recently shared an insightful update on his Pepe (PEPE) analysis via Twitter. In his earlier tweet on Wednesday, he had accurately predicted a significant 50-65% correction in the crypto’s price. Today, he took to the platform to provide a timely update.

In the latest update, the trader candidly shared that his analysis didn’t unfold precisely as anticipated. However, PEPE’s value did witness a significant decline of approximately 30% from the trader’s identified breakdown. Additionally, the trader expressed optimism about PEPE’s future, predicting that the market cap would soar to $1 billion after surpassing the $500 million milestone.

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As of the latest update, PEPE is currently trading at $0.000002094, marking an impressive surge of 81.84%, as reported by CoinMarketCap. This altcoin has also demonstrated remarkable resilience against Bitcoin (BTC) and Ethereum (ETH), with an 82.06% increase against BTC and an 83.12% rise against ETH over the same timeframe. These figures are a testament to the strength and potential of PEPE in the ever-evolving world of cryptocurrency.

The market capitalization of PEPE experienced a slight dip from the time Nebraskangooner tweeted about it. The trader had disclosed that the crypto’s market cap was hovering around $930 million. However, as of the latest update, the market cap of PEPE stands at a little over $911 million.

PEPE/USDT 4-hour chart
PEPE/USDT 4-hour chart (Source: TradingView)

PEPE’s price was able to break above the resistance level at $0.00000138507 yesterday morning. It then went on to do the same with the next resistance level at $0.00000180875 – flipping both levels into support in the process.

After reaching a high of $0.00000239811 in the past 8 hours, PEPE’s price has since retraced. Despite the slight pullback in the altcoin’s price, the 9 EMA line on PEPE’s 4-hour chart trading above the 20 EMA line suggests that PEPE’s price will continue to climb in the next 24-48 hours.

Disclaimer: The insights, perspectives, and data presented in this price analysis are published in good faith. Readers must conduct their own research due diligence. Any decision made by the reader is solely their responsibility, and Crypto Outlooks shall not be held responsible for any consequential or incidental harm or loss.

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Gary Flanders

Gary Flanders

Passionate writer who is keenly exploring crypto and Blockchain loves to know about new things and explore what is happening in the world. Cherishes writing, primarily about cryptocurrency and Blockchain.

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