PEPE Price Up 16% After Arthur Hayes Endorses Pepe Coin, What’s Next?
Release: 2024/09/27 17:54 Reading: 477
Pepe Coin (PEPE) Surges on Market Upswing
Pepe Coin (PEPE) has experienced a notable increase in price, mirroring the broader market uptrend. The surge in PEPE's value is attributed to recent market gains and positive investor sentiment.
Arthur Hayes' Endorsement Boosts PEPE Price
Over the past week, PEPE has risen by 26%. According to Lookonchain, Arthur Hayes, former CEO of BitMEX, has publicly endorsed meme cryptocurrencies, including PEPE. Moreover, Hayes withdrew a significant amount of PEPE from Binance, demonstrating his confidence in the asset.
Strong Market Momentum Bolsters PEPE
The broader cryptocurrency market is exhibiting a strong bullish trend. Bitcoin has rallied above $65,000, providing a tailwind for other digital currencies. This momentum has positively impacted top meme coins, including Dogecoin, SHIB, and WIF.
PEPE Price Eyes Further Gains
PEPE is currently trading at $0.00001068, a 17% increase from its recent low of $0.00008886. It faces a critical resistance level at $0.000011, which, if breached, could lead to a surge to $0.000012 or even $0.000015.
Technical Indicators Signal Bullish Sentiment
The daily technical indicators for PEPE suggest a strong upward movement. The Relative Strength Index (RSI) is currently at 73.82, indicating overbought territory and potential for further gains.
Positive Market Sentiment and Whale Support
Currently, over 93% of PEPE holders are "in the money." This positive sentiment, coupled with the participation of high-profile investors like Arthur Hayes, suggests that PEPE may continue to perform well.
Frequently Asked Questions (FAQs)
1. How does Arthur Hayes' activity impact PEPE's value?
Arthur Hayes' endorsement and withdrawal of a substantial amount of PEPE from Binance have boosted investor confidence and market demand.
2. What potential gains could PEPE achieve if it breaks the resistance level?
If PEPE breaks above $0.000011, it could potentially increase to $0.000012 and possibly extend up to $0.000015 or more.
3. What percentage of PEPE holders are currently profiting?
Currently, over 93% of PEPE holders are "in the money," indicating they could sell their coins for a profit at current prices.
Disclaimer: Cryptocurrencies are subject to market volatility. Investors should conduct their own research before making any financial decisions.
Recent news
More>- 60.9 Billion Dogecoin (DOGE) in 24 Hours, What's Happening? 11-27
- Historic Milestones: Bitcoin approaching $100,000 and Pepe Unchained secures over $52 million in presale 11-27
- UK’s financial regulator to implement final crypto rules by 2026 11-27
- Dogecoin’s Dogebox Will Revolutionize Everyday Transactions in 2025 11-27
- From Dogecoin to Dogen: The 10,000% Rally Everyone Is Talking About! 11-27
- Bets.io – one of the most wonderful and safe online crypto-casinos 11-27
- This week’s crypto opportunities: Buy signals for XRP, LINK, and XYZ 11-26
- Trump’s Pet Pepe (TRUMPEPE) Solana Memecoin Will Rally 18,000% Before Exchange Listings, As Shiba Inu and DOGE Lag 11-26
- Analyst Predicts This Layer-2 Meme Coin Could Surge 150X at Launch 11-26
Selected Topics
More>>-
- pepecoin Price Analysis
- This topic provides articles related to PepeCoin price, covering key PepeCoin insights and analysis
-
- pepe:meme star
- This topic provides articles related to the most promising meme, PEPECOIN, a project with the potential to become a mainstream digital currency. It has the advantages of decentralization, reliability, ease of use, fast speed, low cost and scalability, and is expected to be more widely used in the future
-
- pepecoin price prediction
- We’ve gathered facts about pepecoin’s success story and provided a pepecoin price prediction
Selected Articles
More>>- 1 Avalanche and Aptos rival raises over $600k in 2 weeks
- 2 Crypto Prices Today: Market Continues Rally With BTC, Pepe Coin, SEI Rising
- 3 Major Analyst Crypto Tony Bullish on These Meme Coins, But One Stands Out
- 4 MTAUR Ready to Crush DOGE and PEPE: 100x Price Growth Incoming?
- 5 Memecoins Surge in 2024, Popcat Leads with 7,621% YTD Gain, Outshining Top Crypto Tokens
- 6 PEPE Meme Coin Smashes ATH – See How Much an $83 Investment in Pepe Coin Last Year is Worth Now
- 7 Top 4 Altcoins At 70% Discounts – Last Chance!
- 8 Dogecoin Creator Proposes DOGE to NBA Legend Scottie Pippen
- 9 Top Analyst Who Predicted Dogecoin (DOGE) Last 170x Rally Forecasts New Parabolic Rise, Here’s His Price Target
- 10 New Solana Memecoin Trump Loves Elon to Rally 15,000% Before Exchange Listing, SHIB and Bonk Crash
ABOUT US
We are building the most influential，trusted information platform for aglobal community engaged in thd transformation of the financial system andthe emerging crypto economy.PEPE is an integrated platform for media,events,data & indices for the next generation fo investing and the future of money.
Get in touch with the PEPE team at admin@pepecoinbuy.com