The PEPE coin, known for its meme character, displays significant growth in light of the overall bullish trend in the digital asset market.
Growth of PEPE Price in the Last 24 Hours
According to market data, the price of PEPE coin has surged by 5.11% in the last 24 hours, reaching $0.000008823. During the same period, investor interest increased by 58.72%, totaling $1.27 billion. The coin, which had previously dipped to $0.000008352, managed to rebound, maintaining its recent optimistic trend.
Rise in Open Interest for PEPE Trading
According to CoinGlass data, PEPE's open interest has risen by 4.62% in the last 24 hours. This arose amidst the rekindling interest in the meme coin. Traders committed 40.59 trillion PEPE worth approximately $383.38 million. The traders on Gate.io accounted for the largest share of open interest at 51.7%, translating to 22.57 trillion PEPE valued at $198.23 million.
Analyst Predictions for Upcoming PEPE Growth
Analysts, including James Wynn, predict further price increases for PEPE driven by market excitement. Wynn notes that if PEPE can breach the $0.00001000 level, it might experience substantial price gains. He highlights that a successful breakout at the $0.00001050 level will confirm the bullish trend.
Thus, PEPE coin exhibits strong growth amid improving conditions in the cryptocurrency market. If the current trend persists, the coin may regain its former high position.
