It wasn’t long ago that the crypto landscape, populated with industry behemoths like Bitcoin and Ethereum, looked drastically different. After the upheaval following its tremendous peak back in May, meme-inspired crypto PEPE has sustained momentum throughout, now trading at its two month high. eyes for potential growth, while confident speculators voted with their wallets; two whale players pumping in over $1.19 million total into the low-value PEPE tokens. The numbers exude potential for further success, having consolidated 8% throughout the week, despite pulling 4% back in the last 24 hours. These improvements seen on the andal investments seen, saw derived On-Chain metrics all align, serveing as prognostic signatures, forecasting possible peaks ahead.
Exploring the 4-hour graph, we can gauge the current market sentiment towards PEPE. As Priceline on EMA20 pokes a further drop, its immediate support (markdown 100) of 0.00000162 could and put thememe coin on a profound plunge with pessimistic expsts claiming that a reactivated raid of the 0.0000013 mark might come to empty its bought. Reducing risk where possible, a momentum jump pass the 0.000002 floor could cause mass capialization allowing and returning the success of the token, capitalizing at $1 billion+ again.
In any case the game-changer result may arrive from a new US-based cryptocurrancy exchange leading any safe the meme coins success on safer road. One that might render the long history paying profits back to all the confident real-lifes investors that observed the meme hype in its very early stages. A field riddled with risks but still, yearly divided by hopes of a dream coming true.
