Pepe

PEPE

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<p>The post <a href="https://coinpedia.org/news/crypto-analyst-predicts-pepe-could-surge-10x-despite-price-drop/">Crypto Analyst Predicts PEPE Could Surge 10x Despite Price Drop</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>PEPE, the frog theme memecoin, recently saw its price drop after reaching $0.0000172 in late May, it’s <a href="https://markets.coinpedia.org/pepe/" target="_blank" rel="noreferrer noopener">now at $0.0000123</a>, with its market cap reduced to $5.25 billion. This downward trend suggests the cryptocurrency market might be entering a phase of correction or consolidation.&nbsp;</p> 
<p>Despite the recent dip, renowned crypto analyst Crypto Rover predicts that PEPE is Poised for a <a href="https://coinpedia.org/price-analysis/will-pepecoin-pepe-price-yield-a-10x-15x-rally-in-2024/" target="_blank" rel="noreferrer noopener">10x increase</a> from its current level.</p> 
<h2 class="wp-block-heading" id="h-pepe-poised-for-a-10x-surge-nbsp">Pepe Poised for a 10x Surge&nbsp;</h2> 
<p>Many in the crypto community believe that the <a href="https://coinpedia.org/price-analysis/memecoin-analysis-pepe-bonk-and-gme-price-predictions-for-this-week/" target="_blank" rel="noreferrer noopener">PEPE coin has already</a> reached its peak when it hit the $0.0000172. Despite skepticism from some investors, Crypto Rover insists that $PEPE still has room for significant growth.</p> 
<p>In a recent tweet, Crypto Rover argued against the idea that it’s too late to invest in PEPE, asserting that the cryptocurrency could still see substantial gains. With a current market cap of $5.25 billion, Rover sees PEPE as undervalued and foresees significant growth ahead.</p> 
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   <p lang="en" dir="ltr">Many people think that it’s already too late to invest in <a href="https://twitter.com/search?q=%24PEPE&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$PEPE</a> here.<br><br>But the truth is that <a href="https://twitter.com/search?q=%24PEPE&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$PEPE</a> will still easily be 10x from here.<br><br>It’s only sitting at a $6b market cap now.<br><br>A $60 billion price target is pretty realistic in a bull market.</p>— Crypto Rover (@rovercrc) <a href="https://twitter.com/rovercrc/status/1799830311787773956?ref_src=twsrc%5Etfw">June 9, 2024</a>
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<p>Despite doubts about its current valuation, Crypto Rover remains optimistic about PEPE’s future. He predicted that in a bullish market, PEPE could easily reach a market cap of $60 billion, representing a 10x increase from its current level.</p> 
<p>Considering Crypto Rover’s analysis, a 10x increase from the current level means the <a href="https://coinpedia.org/price-prediction/pepecoin-pepe-price-prediction/" target="_blank" rel="noreferrer noopener">PEPE could soon eliminate</a> another zero from its price if the analyst’s prediction comes true.</p> 
<h2 class="wp-block-heading" id="h-venture-capital-firm-buys-the-dip">Venture Capital Firm Buys the Dip</h2> 
<p>On the other hand, giant institutions are taking advantage of the current price drop by accumulating large amounts of Pepe coins. Nascent, a venture capital firm, seized this opportunity by purchasing 447.67 billion PEPE tokens worth about $5.48 million from Binance.</p> 
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   <p lang="en" dir="ltr">6 hours ago, Nascent (<a href="https://twitter.com/nascentxyz?ref_src=twsrc%5Etfw">@nascentxyz</a>) accumulated the first 447.67B <a href="https://twitter.com/search?q=%24PEPE&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$PEPE</a> ($5.48M) from <a href="https://twitter.com/hashtag/Binance?src=hash&amp;ref_src=twsrc%5Etfw">#Binance</a> at the dip.<br><br>And now makes $262K (+4.8%) in unrealized profit!<a href="https://twitter.com/search?q=%24PEPE&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$PEPE</a> currently ranks first in the VC’s portfolio, followed by <a href="https://twitter.com/search?q=%24MKR&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$MKR</a> with an est. total profit of $2.45M (+248%).<br><br>Follow… <a href="https://t.co/KzfE6R3wJQ">pic.twitter.com/KzfE6R3wJQ</a></p>— Spot On Chain (@spotonchain) <a href="https://twitter.com/spotonchain/status/1799235385916338250?ref_src=twsrc%5Etfw">June 8, 2024</a>
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<p>This strategic move has already resulted in a 4.8% unrealized profit, amounting to $262,000, showcasing the firm’s confidence in the token’s potential rebound.&nbsp;</p> 
<p>With this acquisition, PEPE has become the leading asset in Nascent’s portfolio, generating an estimated total profit of $2.45 million, reflecting a 248% increase.</p> 
<p>Also Read : <a href="https://coinpedia.org/news/top-analyst-says-now-is-the-last-chance-to-buy-altcoins-at-70-percent-discount/">Top Analyst Says Now Is the Last Chance to Buy Altcoins at 70 Percent Discount</a></p>

Crypto Analyst Predicts PEPE Could Surge 10x Despite Price Drop

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