The popular PEPE Coin has seen a significant price increase, buoyed by the broader market recovery. A notable portion of the tokens is now profitable for its holders.
PEPE Coin Profitability Showcased
Currently priced at $0.00001054, PEPE has gained 7% in the last 24 hours, sparking optimism among investors. The 'In and out of the Money' indicator shows that 28.05 trillion PEPE are now out of the money, making up 42.96% of the current PEPE in circulation. It has a massive sell wall around the $0.000018 price level, where 33,130 addresses acquired over 100 trillion PEPE.
The Threat to PEPE: Competition from Rivals
While PEPE's price is enjoying a rally, competition from other memecoins erodes its hype. Rivals like Dogecoin (DOGE) and Shiba Inu (SHIB) continue to lead in the market, showcasing higher positions than PEPE. The Trump (TRUMP) memecoin, despite a recent price drop, is also drawing significant investor interest.
PEPE Price Forecast: A $0.00002 Play?
As PEPE maintains strong bullish momentum, analysts are watching the subsequent key price levels. A break above $0.000012 could open the door for a rally toward $0.00002 in the coming weeks. However, caution is warranted due to the high volatility of memecoins. Sustaining the upward trend will depend on market sentiment and investor confidence.
PEPE Coin continues to provide profits to its investors, but its further growth will depend on broader market trends and competitive pressure from other memecoins.
