PEPE’s Market Cap May Soon Reach $1B According to Trader
- In the post, he predicted that PEPE’s market cap will climb to $1B.
- The meme coin’s price stood at $0.000002094 at press time following a 81.84% gain.
The crypto trader Nebraskangooner tweeted an update for his Pepe (PEPE) analysis today. In a tweet on Wednesday, the trader had predicted that there would be a 50-65% correction in the crypto’s price.
In today’s post, the trader revealed that his analysis had not played out exactly as planned. Nevertheless, PEPE’s price did still experience around a 30% drop from the trader’s identified breakdown. He also mentioned that he expects PEPE’s market cap to climb to $1 billion after the $500 million mark was recently surpassed.
At press time, PEPE is changing hands at $0.000002094 after an incredible 81.84% gain according to CoinMarketCap. The altcoin had also displayed the same strength against Bitcoin (BTC) and Ethereum (ETH), rising 82.06% against BTC and 83.12% against ETH during the same period.
PEPE’s market cap was slightly lower than it was when Nebraskangooner published his tweet. In his post, the trader shared that PEPE’s market cap stood at approximately $930 million. At press time, the crypto’s market cap stood at just over $911 million.
PEPE/USDT 4-hour chart (Source: TradingView)
PEPE’s price was able to break above the resistance level at $0.00000138507 yesterday morning. It then went on to do the same with the next resistance level at $0.00000180875 – flipping both levels into support in the process.
After reaching a high of $0.00000239811 in the past 8 hours, PEPE’s price has since retraced. Despite the slight pullback in the altcoin’s price, the 9 EMA line on PEPE’s 4-hour chart trading above the 20 EMA line suggests that PEPE’s price will continue to climb in the next 24-48 hours.
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