PEPE market Capital surpasses Uniswap, Litecoin and soon possibly Polygon

PEPE (PEPE) price is making waves with its recent surge as meme coins dominate the crypto market. However, the rise of Altcoins may stop as investors choose to take profits.

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PEPE may not pass Matic

PEPE 's bull run has resulted in the meme coin's market Capital approaching $7 billion. This is the effect of the 80% increase in Altcoins over the past week, making PEPE one of the top 20 cryptocurrencies. Following that move, the meme coin outperformed Litecoin (LTC) and Uniswap (UNI) in market Capital . At one point with the day's trading highs, even Polygon (Matic) was left behind.

If the market Capital of this meme coin surpasses the 7.2 billion USD mark, Polygon will lose its position again to PEPE . However, the opportunity is impossible because investors are profitable and the possibility of profit taking is inevitable.

When prices skyrocket, investors' profits also increase significantly. This triggered a sale to secure a profit. Realized profits across the network rose to a two-month high.

PEPE holders tend to sell during unexpected price increases and that is also the case at the moment. As investors are expecting a bull run, this could also increase. This suggests that profit-taking may continue, and in turn, prices will be affected.

PEPE price prediction : Price may adjust

PEPE price marked a new All-Time-High of $0.00001725 during intraday trading hours on Monday. Over the past week, this meme coin has recorded an increase of 80%, taking it from 0.00001000 USD to nearly 0.00002000 USD. However, as profit-taking is increasing strongly, the upward momentum may stop here. Therefore, the meme coin could drop back to 0.00001500 USD. Even so, the altcoin is still likely to hold above the $0.00001430 support level.

But if the rise continues, the cryptocurrency could break above the resistance at $0.00001725. This would invalidate the bearish thesis and help PEPE form a new All-Time-High .

Also Read: Top leading exchanges to buy/sell PEPE