Pepe Price Prediction as PEPE Blasts Up 700% in 7 Days – Can PEPE Overtake Dogecoin and Shiba Inu?
The price of Pepe Coin (PEPE) has jumped by more than 65% in the past 24 hours, with its surge to $0.00000213 marking a 700% gain the past week.
This makes PEPE the best-performing top-100 cryptocurrency (by market cap) by quite some margin, with most coins down in the past 24 hours and week.
And given its sheer, value-defying momentum at the moment, PEPE has every chance of overtaking Dogecoin and Shiba Inu as the market's biggest meme token.
Of course, the coin provides no real fundamental value beyond being a 'meme', so investors should always remain prepapred for the possibility of it dumping anytime soon.
What's encouraging about PEPE is that it has regathered strong momentum after a lull in the middle of the week, with its relative strength index (purple) recovering from a level of 30 on May 3.
Given that it's still such a new coin, it may be some time before its current rally runs out of steam, a view supported by the fact that its short-term moving average (yellow) is rising above its long-term average (blue), signalling further gains.
It's also very bullish to note that its support level continues to climb, suggesting that any dips will be shortlived as PEPE continues its upwards climb over the near and medium term.
Part of the reason why PEPE has continued to rally is that major exchanges have begun listing it, with OKX being the biggest and latest to do so.
This has provided the meme token with a real shot in the arm, especially given that OKX appears to have stocked up on 4% of the overall PEPE supply.
And because many major exchanges have not yet listed Pepe Coin (including Binance), the new token could be in for further gains in the coming weeks, despite its lack of fundamental value.
Currently, it's ranked 58th in
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