Pepe (PEPE) Emerges as a Winner Amidst Crypto Rotation ๐
As Bitcoin (BTC) struggles to surpass $72,000, the meme coin Pepe (PEPE) has emerged as one of the biggest winners in the current crypto market. With a price of $0.0000168 during the early London session on Monday, Pepe has seen a remarkable 11 percent increase in the past 24 hours.
- Pepe has entered the top 20 most valuable digital assets after an 81 percent spike last week.
- Currently, Pepe is more valuable than popular tokens like Polygon (MATIC), Litecoin (LTC), and Fetch.ai (FET).
Why Consider Betting on Pepe for Future Gains ๐
After the recent approval of spot Ether ETFs in the United States that boosted the Ethereum ecosystem, optimism in the altcoin industry has surged. Projects on the Ethereum network like Uniswap (UNI), Arbitrum (ARB), and Pepe have witnessed a significant increase in daily trading volume.
The ETH/BTC pair has rebounded from multi-year lows and is poised to retest an all-time high, hinting at a potential altseason. With Bitcoin dominance showing signs of a macro reversal pattern, the market is gearing up for more altcoin action.
Setting Midterm Price Targets for Pepe ๐
After the recent bullish rally, Pepe’s weekly Relative Strength Index (RSI) remains above 70, indicating a strong trend. From a technical perspective, Pepe is expected to surge by 20 percent in the short term to hit $0.000020 against the US dollar, aligning with the 1.618 weekly Fibonacci Extension level.
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