Pepe Coin (PEPE) holds the potential to be a good crypto investment

PEPE is currently exchanging hands at $0.000001392. The number looks comfortable on that floor, but it is actually a drop of 2.17% in the last 24 hours. It has demonstrated performance that suffices to conclude that the Pepe Coin is a good investment; however, drops like these bring back the time when the crypto market was sluggish. Most of the digital tokens have left behind the winter season, including the likes of BTC and ETH. They are inching toward their ATH, irrespective of the pace, and it is now up to coins like PEPE to yield the desired output.

One of the expectations is that the coin will soon hit the milestone of $0.000002. That will require PEPE to carry forward the momentum in the next year. Nonetheless, the recent trajectory is praiseworthy, considering a low of $0.00000103 at one point in recent months.

Several investors are being encouraged to get on board for the long term as they do not observe a bullish pattern. This is apparently prevalent across the crypto sphere. PEPE only has to maintain the upward point from the mark of $0.000001.

Interestingly, the current value of PEPE is an increase of 30.56% from the last 7 days and a jump of 23.53% in the last 30 days at the time of articulating this piece. A good hint is that the 24-hour volume has dipped by 94.36% despite a slowdown in the market cap of 2.95%. Pepe coin price predictions estimate that the token will end the year at $0.0000023. Alternatively, the coin can go as low as $0.0000010 before entering the next year.

PEPE appears unlikely to back down in the near future. It is trading above the daily EMAs, indicating a strong recovery trend. Volatility, of course, can derail the graph’s movement at any point. The EMAs used here are 20, 50, 100, and 200 days. The slope of the ADX is 35%. That is, the bullish momentum will stall for a bit before resuming at a higher level.

Investors are less likely to face selling pressure if PEPE does not fall below the low support. Bitcoin drives the resurgence of the crypto market. The token is way above the $40k mark, creating speculation that it will be closer to the $65k milestone by the end of 2023. Its trading value at the time of drafting this article was $41,582.29, an increase of 0.32%. The 7-day gain is 12.06%, and the 30-day comparative rise is 19.52%.

The ripple effect is visible, with ETH now anticipated to hit $4,000. The token’s worth is $2,219.47, allowing it to dance around $2,200. It is a 1.45% decrease in the previous 24 hours but a rise of 10.32% in the last 7 days. PEPE could see similar effects, with slight chances of going down before it climbs the ladder again.

Trevor Holman

Trevor Holman follows crypto industry since 2011. He joined CryptoNewsZ as a news writer and he provides technical analysis pieces and current market data. He is also an avid trader. In his free time, he loves to explore unexplored places.

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