- PEPE, a meme coin, has seen a massive surge in recent months, becoming the third-largest meme coin by market cap behind Dogecoin and Shiba Inu.
- PEPE has the potential to gain an additional 25% before the end of 2024, thanks to bullish chart patterns and the overall bullish sentiment in the crypto market.
- The surge in PEPE’s value is driven by the outcome of the 2024 US presidential election, which has positively impacted the crypto market.
The crypto market has been on a massive run over the last few months. Bitcoin continues to reach new all-time highs, and the meme coin sector has seen one asset emerge as the biggest gainer – PEPE. This coin has already seen monumental growth, but still has potential for a 25% gain before 2025 arrives.
PEPE Poised to End 2024 on a High Note
November has proven to be a great month for crypto investors. With Donald Trump’s election victory, the crypto market has benefitted massively. Bitcoin reached $98,000 on Wednesday, and PEPE has followed its success.
The meme coin is up over 107% in the last 30 days according to CoinMarketCap. It surged almost 11% in the last 24 hours to its current price of $0.000002077. The run doesn’t appear to be ending either.
PEPE currently has bullish technical indicators that point to a 25% increase before 2025 comes. A cup and handle pattern has formed, which is a bullish sign. PEPE has also moved above key moving averages, showing bulls are in control.
Upside Target of 25% by Year’s End
In an ideal scenario, PEPE could reach its November high of $0.0000025. However, given the ongoing bullish sentiment, a 25% increase to $0.0000025 could materialize before January.
The crypto sector remains hot, so there’s potential for PEPE to strongly outperform expectations. Investors are advised to watch for a breakout past resistance levels, which would signal the next leg up.
Conclusion
PEPE has already posted incredible gains in recent months. However, technical analysis shows the meme coin still has room to run another 25% by the end of 2024. The crypto bull market continues to provide a tailwind for speculative assets like PEPE. Savvy investors may still have an opportunity to capitalize on this momentum.
