PEPE Coin Takes a Hit: Will It Rebound This Weekend?
The cryptocurrency market experienced a widespread downturn over the past 24 hours, with meme coins bearing the brunt of the decline. Popular assets like Dogecoin (DOGE), Shiba Inu (SHIB), and PEPE Coin (PEPE) saw significant losses. Notably, PEPE had reached an all-time high of $0.00002825 just 11 days ago. However, the coin is now trading 45% below its peak. The big question remains: can PEPE recover over the weekend and deliver gains for its investors?
PEPE Suffers a Double-Digit Drop
PEPE has witnessed a significant decline, dropping 20% in the past 24 hours. As of now, the coin is trading at $0.00001544, a stark fall from its earlier high of $0.00001960.
The recent downturn in PEPE’s price aligns with a broader market correction. After a strong rally, the crypto market faced resistance and is now pausing amid challenges in U.S. stock markets and the Federal Reserve’s announcement of another rate decrease. Despite this setback, analysts see potential for a bounce-back in PEPE’s trajectory.
PEPE Price Prediction: A Weekend Rebound?
Forecasts suggest that PEPE Coin could see a 20% rise from its current value, reaching a potential peak of $0.00001876 in the coming days. By December 22, PEPE is predicted to record a 12.96% increase, trading at around $0.00001763.
In the midst of this market activity, a whale made headlines by transferring $2.72 million worth of PEPE tokens—150 billion tokens in total—into Binance. This same whale had previously withdrawn the same amount of PEPE from Binance on November 28. According to blockchain analytics firm Lookonchain, such movements could signal heightened whale activity as PEPE’s price dips, possibly paving the way for further market developments.
Will PEPE’s recent losses be an opportunity for a comeback? As the weekend approaches, all eyes are on the frog-themed meme coin to see if it can regain its footing and delight its investors.
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