Pepe Hits $4 Billion Again – Meanwhile, This New Meme Coin Presale Soars to $16.9 Million
Sam is a financial journalist with a focus on cryptocurrency market news, based in London. With a Master’s Degree in Development Management from the London School of Economics, Sam’s passion for...
Animal crypto coins are hot again amid the Moo Deng trend, and top frog coin PEPE crypto has surged to a $4bn market cap.
In this article, dive into the latest PEPE price trends, and discover whether the new frog coin on the block could offer bigger gains in the bullish Q4 crypto market environment.
still think this $pepe dip is a wave 4 and an absolute gift for the sidelined bros.
violently higher with haste. https://t.co/YmZSCQSkXV pic.twitter.com/HztBIIYwUl
With many prominent meme coin traders throughout the crypto community suggesting the ongoing PEPE dip could have been the last opportunity this run to stack the top frog coin at $0.000010 – many are targeting a push up to $10bn m cap status amid surging interest in animal coins.
This sudden rotation into animal-themed meme coins is largely related to the cute Thai hippo Moo Deng, who has become the face of the most recent skyrocket in space.
As Pepe bounces out of its recent dip, PEPE is currently trading at a market price of $0.00001065 (representing a 24-hour change of +1.76%).
This comes amid localized rejection from overhead resistance stemming from the HTF upper trendline, which is descending following the all-time high in May.
Despite this sudden downtick, which has worsened due to a pang of anxiety in Bitcoin’s price (after Israel-Iran tensions deteriorated), it seems PEPE’s price remains comfortable—with a high position above local support at $0.000010.
Better still, the PEPE price remains divergent above both the 20DMA and 200DMA, which provides comforting bullish
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