In the last 24 hours, the overall crypto market has witnessed a 3.80% rise in capitalization. Within this context, investors have turned their attention to memecoins like PEPE, showing notable price changes.
Market Growth and Whale Activity
The crypto market capitalization saw an increase of 3.80% over the past 24 hours. Market activity has risen, as evidenced by new capital inflows into spot ETFs for BTC and ETH. Dormant whales have also shown activity, attracting the market's attention.
PEPE's Current Stats and Volatility
PEPE memecoin has shown a further 3.43% price increase in the past 24 hours. During the Asian afternoon hours on November 7, the memecoin traded at a low of $0.00001034 before rising nearly to $0.000011. Additionally, its daily trading volume has increased by 6.68%. Volatility initially rose to 50 before stabilizing at a current level of 48.37.
PEPE's Prospects in the Crypto Market
Analyzing PEPE’s price movements indicates a horizontal channel, suggesting the cryptocurrency's buying and selling points are in consolidation. Technical indicators point towards a positive trend. In case of a bull market, PEPE might inch closer or even surpass its current ATH at $0.00001718. Other memecoins such as Neiro Ethereum have also shown price rallies recently.
The rise in PEPE's value amid a generally positive market trend signals opportunities for investors. Maintaining the current trend could lead to new highs for the memecoin.
