{"id":559889,"date":"2023-11-09T13:00:08","date_gmt":"2023-11-09T13:00:08","guid":{"rendered":"https:\/\/uniquehot.com\/?p=559889"},"modified":"2024-06-11T14:30:57","modified_gmt":"2024-06-11T14:30:57","slug":"pepe-price-propels-to-3-month-highs-heres-why","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/pepe-price-propels-to-3-month-highs-heres-why\/","title":{"rendered":"PEPE&#8217;s Price Propels To 3-Month Highs, Here&#8217;s Why"},"content":{"rendered":"<p><span style=\"font-weight: 400\">Amid the bullish sentiment around the cryptocurrency market, popular meme coin <\/span><a href=\"https:\/\/uniquehot.com\/press-releases\/can-pepe-coin-pepe-sustain-its-recent-price-surge-or-time-to-diversify-into-projects-like-pikamoon\/\" target=\"_blank\" rel=\"noopener \"><span style=\"font-weight: 400\">PEPE<\/span><\/a><span style=\"font-weight: 400\"> has recently experienced a significant surge in its price recording over a 15% increase in its price in the past 24 hours.<\/span><\/p>\n<h2><span style=\"font-weight: 400\">The Price Of <\/span><span style=\"font-weight: 400\">PEPE Gains Traction<\/span><\/h2>\n<p><span style=\"font-weight: 400\">PEPE seems to be gaining traction and heading towards a bullish run indicating potential benefits for investors. The meme coin&#8217;s price is currently sitting at $0.0000013, indicating a 15% increase in price in the past 24 hours.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The surge in price might be traced back to the <\/span><a href=\"https:\/\/uniquehot.com\/press-releases\/from-dogecoin-millionaire-to-vc-spectra-investor-whats-next-for-this-guy\/\" target=\"_blank\" rel=\"noopener \"><span style=\"font-weight: 400\">Dogecoin (DOGE) millionaire Glauber Contessoto<\/span><\/a><span style=\"font-weight: 400\">, who <a href=\"https:\/\/twitter.com\/ProTheDoge\/status\/63736550\" target=\"_blank\" rel=\"noopener nofollow\">picked PEPE to be among his top 10 choice cryptocurrency investments.<\/a> According to the millionaire, PEPE seems to represent the same irreverent, internet-culture-focused approach that initially drew him to <\/span><a href=\"https:\/\/bitcoinist.com\/dogecoin-breakout-above-0-1\/\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">Dogecoin<\/span><\/a><span style=\"font-weight: 400\">.<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/uniquehot.com\/news\/company\/could-meme-kombat-be-the-next-pepe-as-presale-hits-1m-milestone\/\" target=\"_blank\" rel=\"noopener \">Could Meme Kombat be the Next Pepe as Presale Hits $1M Milestone<\/a><\/div>\n<p><span style=\"font-weight: 400\">PEPE might have experienced a surge in its price, but the meme coin is still over 69% down from its all-time high of $0.000004354 in early May. However, the bullish sentiment circling in the crypto market has propelled the meme coin&#8217;s price by 89% over the past 30 days.<\/span><\/p>\n<figure style=\"width: 2301px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium\" src=\"https:\/\/www.tradingview.com\/x\/YjwHGGSM\/\" alt=\"PEPE\" width=\"2301\" height=\"1546\"><figcaption class=\"wp-caption-text\">PEPE trading at $0.00000129 | Source: PEPEUSDT on <a href=\"https:\/\/www.tradingview.com\/x\/YjwHGGSM\/\" target=\"_blank\" rel=\"noopener nofollow\">Tradingview.com<\/a><\/figcaption><\/figure>\n<div class=\"related-reading-shortcode\"><\/div>\n<p><span style=\"font-weight: 400\">The token has also experienced a significant increase in whale transactions in the past 24 hours. The number of whale transactions involving at least $100,000 in PEPE increased by 50% over the past 24 hours.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">According to data from <\/span><a href=\"https:\/\/app.santiment.net\/charts?settings=%7B%22slug%22%3A%22pepe%22%2C%22ticker%22%3A%22PEPE%22%2C%22from%22%3A%222023-10-09T00%3A00%3A00.000Z%22%2C%22to%22%3A%222023-11-09T00%3A00%3A00.000Z%22%7D&amp;widgets=%5B%7B%22widget%22%3A%22ChartWidget%22%2C%22wm%22%3A%5B%22price_usd%22%2C%22whale_transaction_count_100k_usd_to_inf%22%2C%22social_volume_total%22%2C%22active_deposits%22%5D%2C%22whm%22%3A%5B%5D%2C%22wax%22%3A%5B0%2C1%2C2%5D%2C%22wpax%22%3A%5B%5D%2C%22wc%22%3A%5B%22%2326C953%22%2C%22%23FF5B5B%22%2C%22%2368DBF4%22%2C%22%235275FF%22%5D%2C%22ws%22%3A%7B%221%22%3A%7B%22interval%22%3A%2212h%22%7D%2C%222%22%3A%7B%22interval%22%3A%2212h%22%2C%22node%22%3A%22area%22%7D%2C%223%22%3A%7B%22interval%22%3A%221d%22%7D%7D%7D%2C%7B%22widget%22%3A%22PriceDAADivergenceWidget%22%2C%22wm%22%3A%5B%22price_usd%22%2C%22price_daa_divergence%22%5D%2C%22whm%22%3A%5B%5D%2C%22wax%22%3A%5B0%5D%2C%22wpax%22%3A%5B%5D%2C%22wc%22%3A%5B%22%2326C953%22%2C%22%23FF5B5B%22%5D%7D%5D\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">Santiment<\/span><\/a><span style=\"font-weight: 400\">, show that its deposits to crypto exchanges have since fallen by 33% in just 3 days, the report, despite the increase in whale transactions. This could be because investors are choosing to hold for higher prices rather than sell now.<\/span><\/p>\n<p><span style=\"font-weight: 400\">In addition, PEPE&#8217;s recent social media dominance seems to have significantly contributed to the increase in price by the token. It was revealed by Santiment that the memecoin experienced an impressive 105% surge in its social media volume in the past 24 hours.<\/span><\/p>\n<h2><span style=\"font-weight: 400\">Decline In Active Address Doesn&#8217;t Hinder Memecoin&#8217;s Performance<\/span><\/h2>\n<p><span style=\"font-weight: 400\">PEPE&#8217;s performance this month is nothing compared to that of last month just yet. In October, the <\/span><a href=\"https:\/\/uniquehot.com\/press-releases\/pepe-coin-price-prediction-pepe-vs-pikamoon-unveiling-the-investment-with-the-highest-roi-in-2023\/\" target=\"_blank\" rel=\"noopener \"><span style=\"font-weight: 400\">price of PEPE<\/span><\/a><span style=\"font-weight: 400\"> grew by 60%, this might be due to the bullish nature of the month of October also known as &#8216;Uptober&#8217; in the crypto space.\u00a0<\/span><\/p>\n<p>PEPE has seen a consistent decline in the number of active addresses. <span style=\"font-weight: 400\">According to <a href=\"https:\/\/twitter.com\/intotheblock\/status\/82824569\" target=\"_blank\" rel=\"noopener nofollow\">IntoTheBlock<\/a>, it was revealed that the number subsequently fell from a total of 3,700 to 2,020 active addresses. <\/span><span style=\"font-weight: 400\">This pattern suggests that, due to memecoin&#8217;s failure to live up to investor expectations, they may be selling their PEPE holdings in favor of <\/span><a href=\"https:\/\/bitcoinist.com\/7-best-altcoins-to-buy-for-the-next-crypto-bull-run-solana-xrp-new-tokens\/\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">trending altcoins.<\/span><\/a><\/p>\n<p>Related Reading: <a href=\"https:\/\/uniquehot.com\/analysis\/pepe\/pepe-conquers-the-weekend-charts-with-61-rally-heres-why\/\" target=\"_blank\" rel=\"noopener \">Pepe Conquers The Weekend Charts With 61% Rally \u2013 Here\u2019s Why<\/a><\/p>\n<p><span style=\"font-weight: 400\">The meme coin&#8217;s daily active addresses (DAA) divergence currently stands at 5.8% according to Santiment. Initially, a &#8220;buy&#8221; signal is indicated when the DAA divergence indicator increases.<\/span><\/p>\n<div class=\"disclaimer-shortcode\">Featured image by iShock, chart by Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Amid the bullish sentiment around the cryptocurrency market, popular meme coin PEPE has recently experienced a significant surge in its price recording over a 15% increase in its price in the past 24 hours. The Price Of PEPE Gains Traction PEPE seems to be gaining traction and heading towards a bullish run indicating potential benefits for investors. The meme coin&#8217;s price is currently sitting at $0.0000013, indicating a 15% increase in price in the past 24 hours. The surge in price might be traced back to the Dogecoin (DOGE) millionaire Glauber Contessoto, who picked PEPE to be among his top 10 choice cryptocurrency investments. According to the millionaire, PEPE seems to represent the same irreverent, internet-culture-focused approach that initially drew him to Dogecoin. Related Reading: Could Meme Kombat be the Next Pepe as Presale Hits $1M Milestone PEPE might have experienced a surge in its price, but the meme coin is still over 69% down from its all-time high of $0.000004354 in early May. However, the bullish sentiment circling in the crypto market has propelled the meme coin&#8217;s price by 89% over the past 30 days. The token has also experienced a significant increase in whale transactions in the past 24 hours. The number of whale transactions involving at least $100,000 in PEPE increased by 50% over the past 24 hours.\u00a0 According to data from Santiment, show that its deposits to crypto exchanges have since fallen by 33% in just 3 days, the report, despite the increase in whale transactions. This could be because investors are choosing to hold for higher prices rather than sell now. In addition, PEPE&#8217;s recent social media dominance seems to have significantly contributed to the increase in price by the token. It was revealed by Santiment that the memecoin experienced an impressive 105% surge in its social media volume in the past 24 hours. Decline In Active Address Doesn&#8217;t Hinder Memecoin&#8217;s Performance PEPE&#8217;s performance this month is nothing compared to that of last month just yet. In October, the price of PEPE grew by 60%, this might be due to the bullish nature of the month of October also known as &#8216;Uptober&#8217; in the crypto space.\u00a0 PEPE has seen a consistent decline in the number of active addresses. According to IntoTheBlock, it was revealed that the number subsequently fell from a total of 3,700 to 2,020 active addresses. This pattern suggests that, due to memecoin&#8217;s failure to live up to investor expectations, they may be selling their PEPE holdings in favor of trending altcoins. Related Reading: Pepe Conquers The Weekend Charts With 61% Rally \u2013 Here\u2019s Why The meme coin&#8217;s daily active addresses (DAA) divergence currently stands at 5.8% according to Santiment. Initially, a &#8220;buy&#8221; signal is indicated when the DAA divergence indicator increases. Featured image by iShock, chart by Tradingview.com<\/p>\n","protected":false},"author":608,"featured_media":559899,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[142,89917,1785,7,85699,88145,88190,88188],"class_list":["post-559889","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-altcoins","tag-daa","tag-doge","tag-dogecoin","tag-memecoin","tag-pepe","tag-pepeusd","tag-pepeusdt"],"acf":[],"yoast_head":"\n<title>PEPE&#039;s Price Propels To 3-Month Highs, Here&#039;s Why<\/title>\n<meta name=\"description\" content=\"popular Memecoin PEPE has recently experienced a significant surge in its price recording over a 15% increase in the past 24 hours.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" 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I grew up with my three siblings who have always been my idols and mentors, helping me to grow and understand the way of life. My parents are literally the backbone of my story. They\u2019ve always supported me in good and bad times and never for once left my side whenever I feel lost in this world. Honestly, having such amazing parents makes you feel safe and secure, and I won\u2019t trade them for anything else in this world. I was exposed to the cryptocurrency world 3 years ago and got so interested in knowing so much about it. It all started when a friend of mine invested in a crypto asset, which he yielded massive gains from his investments. When I confronted him about cryptocurrency he explained his journey so far in the field. It was impressive getting to know about his consistency and dedication in the space despite the risks involved, and these are the major reasons why I got so interested in cryptocurrency. Trust me, I\u2019ve had my share of experience with the ups and downs in the market but I never for once lost the passion to grow in the field. This is because I believe growth leads to excellence and that\u2019s my goal in the field. And today, I am an employee of Bitcoinnist and NewsBTC news outlets. My Bosses and co-workers are the best kinds of people I have ever worked with, in and outside the crypto landscape. I intend to give my all working alongside my amazing colleagues for the growth of these companies. Sometimes I like to picture myself as an explorer, this is because I like visiting new places, I like learning new things (useful things to be precise), I like meeting new people - people who make an impact in my life no matter how little it is. One of the things I love and enjoy doing the most is football. It will remain my favorite outdoor activity, probably because I'm so good at it. I am also very good at singing, dancing, acting, fashion and others. I cherish my time, work, family, and loved ones. I mean, those are probably the most important things in anyone's life. I don't chase illusions, I chase dreams. I know there is still a lot about myself that I need to figure out as I strive to become successful in life. I\u2019m certain I will get there because I know I am not a quitter, and I will give my all till the very end to see myself at the top. I aspire to be a boss someday, having people work under me just as I\u2019ve worked under great people. This is one of my biggest dreams professionally, and one I do not take lightly. 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I grew up with my three siblings who have always been my idols and mentors, helping me to grow and understand the way of life. My parents are literally the backbone of my story. They\u2019ve always supported me in good and bad times and never for once left my side whenever I feel lost in this world. Honestly, having such amazing parents makes you feel safe and secure, and I won\u2019t trade them for anything else in this world. I was exposed to the cryptocurrency world 3 years ago and got so interested in knowing so much about it. It all started when a friend of mine invested in a crypto asset, which he yielded massive gains from his investments. When I confronted him about cryptocurrency he explained his journey so far in the field. It was impressive getting to know about his consistency and dedication in the space despite the risks involved, and these are the major reasons why I got so interested in cryptocurrency. Trust me, I\u2019ve had my share of experience with the ups and downs in the market but I never for once lost the passion to grow in the field. This is because I believe growth leads to excellence and that\u2019s my goal in the field. And today, I am an employee of Bitcoinnist and NewsBTC news outlets. My Bosses and co-workers are the best kinds of people I have ever worked with, in and outside the crypto landscape. I intend to give my all working alongside my amazing colleagues for the growth of these companies. Sometimes I like to picture myself as an explorer, this is because I like visiting new places, I like learning new things (useful things to be precise), I like meeting new people - people who make an impact in my life no matter how little it is. One of the things I love and enjoy doing the most is football. It will remain my favorite outdoor activity, probably because I'm so good at it. I am also very good at singing, dancing, acting, fashion and others. I cherish my time, work, family, and loved ones. I mean, those are probably the most important things in anyone's life. I don't chase illusions, I chase dreams. I know there is still a lot about myself that I need to figure out as I strive to become successful in life. I\u2019m certain I will get there because I know I am not a quitter, and I will give my all till the very end to see myself at the top. I aspire to be a boss someday, having people work under me just as I\u2019ve worked under great people. This is one of my biggest dreams professionally, and one I do not take lightly. 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