The frog-themed cryptocurrency PEPE has registered a triple-digit price increase over the past week, becoming the third-largest meme coin after Dogecoin and Shiba Inu.
Current Position Analysis of PEPE
On November 14, PEPE reached an all-time high of $0.00002438, making it one of the top three meme coins. Currently, its market capitalization is around $9.1 billion, still significantly behind Dogecoin.
Growth Conditions
According to ChatGPT, expanding the user base and communities, as well as securing support from major exchanges, could enhance PEPE's growth. Regulatory environment and market sentiment are also crucial factors.
Market Forecasts
Many analysts believe PEPE could see further growth in the short term. Particularly, Max claimed a potential quick recovery after a local price drop, and Scient described the current situation as a 'fakeout correction'.
PEPE is poised for further growth, yet its success largely depends on various factors, including exchange support and market conditions.
