Several assets in the market were seen recording a notable uptick. Meme coins, in particular, were pocketing significant gains. While prominent ones like Shiba Inu (SHIB) were falling behind, Pepe Coin (PEPE) was rising without a stop. The fairly new cryptocurrency made an entry into the meme coin market and stood out in the canine-themed crowd. But can the frog-themed meme coin rise through the odds and hit a new peak in February?
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Decoding PEPE’s 7% Surge
During the time of writing, PEPE was trading at $0.00001027. This rise comes after a 7.81% increase over the past 24 hours. Sadly, the asset witnessed a 41% plunge throughout the last month. In addition, the frog-themed meme coin recorded a 909% surge over the previous year.
It should be noted that PEPE ended 2024 on a good note. During the month of December, the asset surged to an all-time high of $0.00002825. Currently, the meme coin is 63% below this peak.
Furthermore, data from IntoTheBlock highlights the notable rise in profit holders in the PEPE market. The firm revealed that about 51% of PEPE holders were making money at the meme coin’s current price. 47% of investors were drowning in losses.
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February Price Prediction
According to recent data from CoinCodex, Pepe is all set to record a new high this month. The meme coin is expected to increase by up to 68.93% in February. PEPE will reach an average price of $0.00001697 for the month. The range of the expected price variation is $0.08907 to $0.00003078. In contrast to the present price, this trend may provide a potential return of 206.40%. This is a massive uptick for the meme coin from its current price level.
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