PEPE (PEPE) price jumped 30% on Monday, as investors flooded into the meme coin amid increased risk-taking activity in crypto markets as Bitcoin (BTC) regained its first 54,000 USD as of early December 2021.
Last changing hands for just under $0.0000018, PEPE price is at its highest since July 2023.
PEPE even attempted to surpass the summer 2023 high in the $0.00000188 area but failed.
A tripling of daily volume to over $460 million on major cryptocurrency exchanges may indicate whale buying.
However, it could just as easily signal a spike in retail trading activity.
Either way, given the strength of the bullish momentum felt in crypto markets this week, PEPE 's price risk remains tilted to the upside.
PEPE price prediction – Where is PEPE price next?
If PEPE price convincingly overcomes resistance in the $0.00000188 area, it will return to record highs.
That means upside potential of up to 150% from current levels.
That would bring PEPE 's market Capital back to around $1.8-9 billion.
But since its launch in early 2023, PEPE has established itself as one of crypto's leading meme brands.
It could reach a market Capital of $10 billion in this bull market, meaning a potential upside of more than 10x from current levels.
That would be a big profit, but many meme coin speculators are hunting for profits closer to 100x.
Despite such good prospects, PEPE 's market Capital is still inflated to deliver profits like this.
Only coins with a market Capital under $100 million have a real chance of a 100x return.
One of the coins that can bring big profits is the newly launched meme coin called Frogwifat (FWIF).
PEPE alternative – Frogwifat (FWIF)
A newly launched meme based cryptocurrency called Frogwifhat (FWIF) could be the next meme based cryptocurrency to increase in price by up to 100 times.
The Token launched on Ethereum on Monday morning and has reached a market Capital of $4 million within hours.
Investors now have a chance to get in, with the Token price falling to around $0.0016 and the subsequent market Capital around $1.6 million.
A XEM at the website frogwifhattoken.com shows that the coin has been designed to mirror the success of Dogwifcoin, Bonk and Smog, and there are even rumors that the coin's founders may be The person behind the success of the above meme based coins.
Potential buyers need to do their own research but there is a lot to like about this coin.
First, over $300k of liquidation was locked. This is an important factor for coins listed on DEXs . Locked liquidation means there is no chance for fraudulent exits, where the project team steals Token holders' funds.
The equity launch – all 1 billion Token are available on the open market – follows other coins in that it is an animal wearing a hat, but this time it is the Frog combined with the beret, the beret is of course a staple of French culture.
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