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babyThe frog-themed meme is seeing huge activity in the cryptocurrency market which could indicate bullish sentiment. In the past 24 hours, more than 1.14 trillion PEPE were traded in a move that signals renewed interest in the asset.
PEPE price performance
according to Data From CoinMarketCap, PEPE's market size rose a whopping 19.74% to $2.13 billion. This surge in trading volume occurred when investors and traders alike moved to take positions in anticipation of a potential market rise.
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Notably, increased interest has led to higher PEPE prices. As of this writing, PEPE is trading at $0.00001868. This represents an increase of 2.15% as the meme coin struggles to maintain price stability.
In previous trading, PEPE price rose to $0.00001941 before facing mild fluctuations due to market dynamics. However, the token has found $0.0000185 to be a crucial support level as it has traded above this mark so far despite the volatility.
Market watchers consider this a significant advance by PEPE, given that over the past seven days, the coin has fallen to a low of $0.00001455. In a show of resilience, PEPE has embarked on a correctional journey that shows promise if it can maintain the momentum.
Can Pepe see prices rise?
Analysts stress that for PEPE to be able to rediscover price levels close to the $0.00002760 mark that it reached in the second week of December, the community must be strong. Notably, positive sentiment from the meme community could fuel the asset's recovery.
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For example, Elon Musk, the billionaire innovator famous for his love of memes, created Fuss for baby newly. In a post on X, he shared a meme about how some users on the social media platform deal with information and news involving PEPE.
In addition to activity Whales In the community it can help determine the price direction as PEPE starts to rise to previous levels.
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