- PEPE, a frog-themed meme coin, hit a new peak this month but has since slowed down after a notable rally over the past 30 days.
- Despite PEPE’s latest price drop, the CoinMarketCap community sentiment revealed a bullish notion, with 88% of voters being bullish about the meme coin witnessing a major surge.
- For Thanksgiving 2024, PEPE is expected to surge by over 5% from its current price and trade at a high of around 0.00002029.
Cryptocurrency markets have been buzzing about the new meme coin PEPE. This frog-themed asset has made big waves since its launch, challenging the dog-dominated meme coin sector.
PEPE Hits New Peak This Month Then Slows Down
PEPE recently hit a new all-time high price of $0.00002524 on November 14. Since then, it has slowed down after a notable 30-day rally.
On November 26, PEPE traded at $0.00001932, down 3.79% over the past 24 hours. The meme coin dropped over 4% this past week after its record high. But overall, PEPE still surged an impressive 112% throughout November.
Whale Activity Points to Price Correction
PEPE’s large transaction volume currently sits at $2.603 million after rising 47% in a day. This suggests whales have been selling the asset during its dip.
Despite the price drop, CoinMarketCap’s community sentiment remains bullish on PEPE. Out of 92,458 votes, 88% think the meme coin could see a major surge soon.
Thanksgiving Prediction: PEPE Price to Jump Over 5%
According to forecasts, PEPE is expected to climb above its current price to trade around $0.00002029 for Thanksgiving. This would represent over a 5% increase.
While PEPE likely won’t retest its all-time high this month, December may bring more opportunities. For now, the meme coin seems set to end November on a high note. Its community remains confident about PEPE’s future.
