- Pepe saw another all-time high.
- Its Open Interest was also nearing its all-time high.
As a researcher, I’m thoroughly intrigued by Pepe’s [PEPE] recent performance in the crypto market. Its consistent surge in price to reach several all-time highs (ATH) is truly remarkable. Each new ATH seems to be fueling further interest and trading volume for this memecoin.
Pepe (PEPE), the cryptocurrency, seems unstoppable with its continuous rise. In recent days, it has set new record prices multiple times and recently hit yet another high.
These changing ATHs have also boosted the interest and trading volume for the memecoin.
Pepe hits another ATH
According to AMBCrypto’s examination of PEPE‘s price action on the daily chart, this cryptocurrency demonstrated its strongest performance to date.
Each new record-breaking peak in the chart was quickly surpassed by the creation of another peak in nearly the very next trading session.
With the help of the price range feature, it became clear that PEPE experienced a significant increase of more than 33% from May 21st up until the present moment.
As a crypto investor, I’m observing that at the present moment, the price is surging by more than 1% to around $0.000015, setting another all-time high (ATH) for this digital asset.
The Relative Strength Index (RSI), an additional indicator, showed a robust bullish trend as its value surpassed the threshold of 75. This signified not only strong buying momentum but also overbought conditions, suggesting that the asset had been in heavy demand recently.
Pepe holders and volume increase
Between the 15th of May to press time, the number of Pepe holders has surged by over 12,000.
As a researcher studying cryptocurrency trends, I discovered that around 218,000 individuals held the specific cryptocurrency under investigation on May 15th.
At present, the number of traders investing in the memecoin had surpassed 230,000, signifying a substantial rise in demand as more individuals joined the market.
As a crypto investor, I’ve noticed some significant trading activity in the market lately. The daily trading volume for this asset has exceeded $2 billion repeatedly, with an impressive peak of over $4 billion reached on May 22nd.
At the moment of publication, the trading volume exceeded $1.5 billion. Given this substantial volume, Pepe could potentially hit a new record high (ATH) in the near future.
Interest building up in Pepe
The Open Interest for Pepe has seen a notable increase as per the latest data from Coinglass. This figure stood at approximately $160 million during the time of report.
As a researcher studying the memecoin market, I’ve noticed an unprecedented milestone: the open interest has reached a new all-time high of over $163.5 million. This surge suggests a substantial influx of investor funds into the memecoin at present.
Read Pepe’s [PEPE] Price Prediction 2024-25
The surge in Open Interest implies a growing market appetite for it, possibly leading to further price escalation.
The increasing amount of money flowing into this meme coin indicates a rising level of investor enthusiasm and trust in its potential future value.
Read More
- JASMY PREDICTION. JASMY cryptocurrency
- Top gainers and losers
- LDO PREDICTION. LDO cryptocurrency
- SILLY PREDICTION. SILLY cryptocurrency
- LUNA PREDICTION. LUNA cryptocurrency
- CTC PREDICTION. CTC cryptocurrency
- CLV PREDICTION. CLV cryptocurrency
- LOKA PREDICTION. LOKA cryptocurrency
- KAI PREDICTION. KAI cryptocurrency
- SCOMP PREDICTION. SCOMP cryptocurrency
2024-05-27 07:03