The post Pepe (PEPE) Consolidates Around $10 Billion Market Cap, Could It Run To Over $100 Billion In 2025? appeared first on Coinpedia Fintech News
Pepe (PEPE) has been making waves in the crypto market, holding steady at a $10 billion market cap. As interest grows, analysts debate whether the token has what it takes to break into the $100 billion range by 2025. With meme coins often driven by community enthusiasm and speculative trends, PEPE’s trajectory will likely depend on sustained investor interest and market conditions.
PEPE Holds Steady On Blockchain Activity
According to data from Coinglass, PEPE spot metrics revealed over $2.61 billion in outflow over the past week. This massive outflow from exchanges typically indicates potential upside momentum as investors hold on to tokens in personal wallets or cold storage. The less PEPE in exchanges, the higher the value of its scarce tokens.
On December 14, a dormant whale account became active, moving its entire balance worth 2.1 trillion PEPE. The investor initially bought these tokens for $27, and now, the same tokens are worth over 1,900,000 times that amount. These kinds of big shifts typically indicate that whales have faith in the asset or are getting ready for price changes.Â
At 4.15, Binance’s PEPEUSDT Long/Short Ratio shows a high level of trader interest. At the moment, around 20% of top Binance traders hold short, while 80% hold long positions.
What are The PEPE Technicals Saying?
Per technicals, PEPE has formed a descending triangle pattern after a short consolidation period around the $10 billion market cap. PEPE could close a week-long candle above the $0.000032 level with a breakout imminent. According to price prediction analysis, PEPE is forecast to rise by 226% and reach $0.000074 by January 16, 2025.
With a 14-day RSI of 51, PEPE is neither overbought nor oversold, indicating a chance for an upside rally. Combining these metrics, it makes sense that PEPE is slightly above its mid-November price. However, PEPE continues to trade above its moving averages as bull traders expect a significant surge in the coming days.
Currently, large transactions are up to $1.82 billion on PEPE with 6,230 active addresses. With 90% of holders in profit, the token has experienced heightened investments in expectation of a bullish incline. According to data from IntoTheBlock, about 20% of PEPE holders came in the past month.
The Next Thing For PEPE Holders
As the Ethereum network expands, so have PEPE and RTX. With the launch of its cross-border payment system, Remittix (RTX) is forecast to yield a higher return on investment. The hot new crypto is focused on overcoming the hurdle of international payments with a crypto-to-fiat structure, low fees, and resilience to location restrictions.
With the cross-border payments market projected to exceed $250 billion by 2027, Remittix has more than enough support to navigate through the fast-growing industry. Currently in its ongoing presale, the hot new crypto is changing hands for $0.0156 apiece. Holding $RTX early opens the door to premium features, like an account manager and staking rewards. Invest now and take your chance at their time-limited giveaway for investors worth $250,000 in USDT.
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