PEPE has been one of the best-performing cryptocurrencies since 2023. The asset recently hit an all-time high of $0.00001151 on May 15, 2024. However, the frog-themed memecoin’s price has fallen by over 12% since its recent peak and is down 2.8% in the last 24 hours.
Despite its recent correction, PEPE has rallied 15.8% in the weekly charts, 32.5% in the 14-day charts, and 97.5% over the previous month. Moreover, the memecoin’s price has risen by 559% since May 2023.
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The memecoin’s latest price spike came on the heels of a larger crypto market rally, with Bitcoin (BTC) reclaiming the $66,000 level. The positive market sentiment could be due to lower-than-expected inflation figures, reigniting investor hopes for an early interest rate cut. Nonetheless, the Federal Reserve may continue to follow its policy of higher interest rates for longer, until inflation falls under its 2% target.
Pepe to hit $0.00003487?
According to CoinCodex, the frog-themed cryptocurrency will continue on its bullish path over the next month. The platform anticipates PEPE to surge to $0.00003487 on June 14, 2024, a rise of over 245% from current levels. Hitting $0.00003487 would also mean a new all-time high for the memecoin.
Also Read: Pepe Delivers 800% In Gains: How High Can It Go By The May End?
Changelly also paints a bullish picture for Pepe over the next few weeks. The platform predicts the memecoin to hit $0.00001751 by the end of this month. Moreover, Changelly expects the frog-themed crypto to reach $0.00003486 on June 14, 2024.
Telegaon predicts Pepe to hit a maximum price of $0.0000274 in 2024. However, the platform does not clarify the month when the asset could reach this level.