Markets
Will PEPE reach $10 billion market cap in June?
As crypto markets turn green, the meme coin sector is spearheading the bull run. In the middle of the meme pieces, the PEPE Price The trend remains the best performer with an upward trend with a jump of 126% in May.
With the bull run underway, is PEPE poised to become the third $10 billion market cap meme coin? Will the PEPE trend’s uptrend continue in June to reach a new all-time high, or is a pullback imminent? Learn more in our PEPE Price Prediction.
The Best Performing Meme Coin
With a massive uptrend of almost 1,100% since the start of 2024, the PEPE price trend remains unstoppable over the past five months. Moreover, according to the Fibonacci retracement of the pullback trend in April, the meme coin price action exceeds the 1.618 Fibonacci level.
Currently, the market value of meme coins has fallen by almost 10% in 48 hours, resulting in a retest of the 1.618 FIb level. Additionally, PEPE price is trading at $0.000015 with an intraday decline of 4.41%, creating another bearish engulfing candle.
Technical indicators:
ROI: The daily RSI line shows a sideways trend in the overbought zone, with a slight decline approaching the limit line.
EMA: The uptrend of the 50D and 200D EMA maintains a positive trajectory reflecting a strong uptrend in movement.
Will PEPE reach a market capitalization of $10 billion this month?
To reach a market cap of $10 billion, the PEPE price would need to reach approximately $0.00002377. This would represent a significant 57% increase from its current price of $0.000015.
Therefore, a post-retest reversal with a demand boom could easily push the meme coin to $0.00002377 next June.
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