PEPE Price Prediction: PEPE UP +20%! Will it make another 100%?

The cryptocurrency market is on an upward trajectory, with prices soaring and investor enthusiasm reaching new heights. In the past 24 hours, the crypto market has seen a remarkable gain of over 6%, sparking curiosity and speculation among investors. One of the standout performers in this bullish trend is PEPE, which has seen a significant price increase. This raises the question: why is PEPE's price up, and can it sustain this momentum?

PEPE Price Today: PEPE Analysis

In the past 24 hours, PEPE has experienced a notable +20% increase in its price, highlighting a current pump. Over the past week, PEPE has also shown a gain of 6%, indicating a correction in prices higher. Currently, the trading volume for PEPE stands at an impressive $1.5 billion, reflecting strong market interest and liquidity.

PEPEUSD 2-hours chart - TradingView

These metrics suggest that PEPE is gaining traction. The significant trading volume indicates robust market activity, which often correlates with prices surging higher over the short term. 

Why is PEPE Price UP?

The current rise in PEPE's price can be largely attributed to the overall bullish sentiment in the cryptocurrency market. One of the major catalysts for this positive trend is the growing anticipation for an Ethereum (ETH) Exchange-Traded Fund (ETF). The SEC's recent request for exchanges to update 19-B4 filings on an accelerated basis for a spot Ethereum ETF has fueled optimism across the crypto market. This development has not only boosted the price of Ethereum but also lifted most altcoins, including PEPE and Bitcoin.

The expectation of a spot Ethereum ETF has investors excited about the potential for increased mainstream adoption and institutional investment in cryptocurrencies. As a result, altcoins like PEPE are benefiting from this heightened market enthusiasm and positive sentiment.

PEPE Price Prediction: How High will PEPE reach?

Given the current momentum, PEPE has the potential to continue its upward trajectory. With a 20% increase over the past 24 hours, PEPE has demonstrated its capacity for rapid price movements. If this uptrend persists, PEPE could reach the following price milestones:

• $0.000013: This price point could be achieved if the current pace of growth continues, driven by sustained investor interest and favorable market conditions.
• $0.000018: Reaching this level would require continued positive market sentiment and potentially some major news or developments that further bolster investor confidence.
• $0.000020: Achieving this ambitious target would likely depend on a combination of continued market optimism, significant trading volume, and broader crypto market trends supporting altcoins.