Can PEPE Achieve New All-Time High in August?

PEPE entered the market relatively late, yet it managed to make its investors big money. More recently, the meme coin saw a notable 86% rise within a week of Spot Bitcoin ETFs being approved. But the asset took a bearish turn, with its price dipping down by 6% over the past day to a low of $0.0000115. Just earlier today, PEPE was trading at a high of $0.00001224. However, a cryptocurrency analyst who goes by Scient believes that the asset has the potential to hit an all-time high.

PEPE currently trades 31% below its all-time high of $0.00001718. Taking into account its current level, the analyst believes that the peak might come from this point or a little lower. He thinks that the lower level makes more sense. Scient even suggested that there will be a rapid liquidation wick if the lower setup materializes.

Source

Other platforms believe that PEPE could achieve a peak as early as next month. PEPE is slated to hit a high of $0.0000411 in August 2024. In addition, the average trading price of the meme coin will be around $0.0000274. But the asset might also dip to $0.0000136, which is much higher than its current state.

Also Read: Pepe Unchained Celebrates $6 Million Presale Milestone – Next Meme Coin to Explode?

PEPE Community Stronger Than Ever

The meme coin communities have been making strides in the cryptocurrency market. The OG meme cryptocurrency, Dogecoin [DOGE], has the largest community on X with 3.9 million followers. Shiba Inu [SHIB] falls right behind with 3.8 million followers. PEPE, despite its late entry into the market, was in fourth place with 675.4K followers.

PEPE
Source

As the meme coin tries to achieve a new high, the entire PEPE community waits eagerly for this surge.

Also Read: Shiba Inu Takes Backseat As Dogecoin, Pepe Record Surge In Volume

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  • cryptocurrency
  • pepe

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