Pepe (PEPE) is currently the best-performing cryptocurrency among the top 100 projects by market cap. The frog-themed memecoin has rallied 17.3% in the last 24 hours. Bitcoin (BTC) and other major projects have rallied by only single digit percentage points in the same time frame. The memecoin has also rallied by 1.2% in the weekly charts. Despite the recovery, the asset’s price is down 13.7% in the 14-day charts, 25.3% in the monthly charts, and 17.8% since March 2024.
Also Read: Shiba Inu Gave $16 Million in Profits With An Investment of $1,000
Cryptocurrencies Make Slight Recoveries
The crypto market seems to be slowly recovering from its recent plummet. Bitcoin (BTC) briefly fell below $80,000 earlier this week. The original crypto has since reclaimed the $83,000 mark. PEPE and other memecoins are also making a recovery.
Also Read: Will Donald Trump Lower Taxes in 2025?
The rally could be due to inflation news in the US. Inflation has risen by 0.2% but its rise has slowed. Investors may be optimistic about the macroeconomic conditions. The Federal Reserve may introduce an internet rate cut soon. PEPE and other assets could see a continued rally,
Can PEPE Reclaim $0.000015 This Weekend?
The crypto market may continue its upward trajectory. According to CoinCodex, PEPE will continue to rally over the coming months. Despite the bullish forecast, the platform does not anticipate the asset to hit $0.000015 this weekend. CoinCodex predicts PEPE will trade at $0.000007883 on Sunday, Mar. 16. The platform expects the memecoin to hit a new all-time high of $0.00003300 on Apr. 4. The coin will rally by 364.14% if it hits the $0.00003300 target.
Also Read: Microsoft (MSFT): Why One Investment is Keeping The Stock Afloat
There is also a possibility that the crypto market will consolidate over the weekend. Global trade wars could present considerable challenges to the crypto market. PEPE and other memecoins could struggle to gain momentum due to macroeconomic factors.
Credit: Source link
