Pepe Coin’s (PEPE) entry into the cryptocurrency market was quite iconic. Among the thriving canine-themed community, the debut of a frog-themed meme coin was a game-changer. The market welcomed the meme coin in a great way and PEPE recorded a massive surge in its price. Since its launch in 2023, the asset has surged by 63158962.87%. While most coins fade away, PEPE managed to enter the top 40 and safeguard its position. Currently, the asset is the 31st largest cryptocurrency in the market.
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How High Did PEPE Surge In The Past 24 Hours?
Over the past 24 hours, the price of the meme coin rose by 5.38%. At the time of writing, the asset was trading at $0.000006715. While most assets had a challenging time during the past month, PEPE managed to rise by 13%.
The asset hit an all-time high of $0.00002825 about four months ago. The meme coin closed 2024 on a bullish note. Currently, PEPE is trading 76% below this peak. This isn’t a cause for concern, as most assets are enduring a similar fate. The volatile nature of meme coins is often considered a boon. But when the asset moves downwards, it could cause chaos in the market.
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A Bullish April Underway?
According to data from CoinCodex, the short-term prediction for PEPE was rather bullish. The firm revealed that during mid-April, the meme coin will record a triple-digit spike in its price. The asset will surge to a high of $ 0.00001435 following an increase of 113.89%. On April 15, the asset will be priced at $ 0.00001385, which is again a major spike from its current price level. This potential uptick will come as a much-needed respite for PEPE holders.
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