The cryptocurrency market has been on a rollercoaster lately. Several assets like Bitcoin (BTC) and Pepe Coin (PEPE) managed to hit new peaks during this week. The meme coin market was thriving. Amidst all the dogs in the cryptocurrency market, the frog-inspired meme coin came through. But can PEPE hit a new peak during the weekend?
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Looking Into PEPE’s Rally
The price of the meme coin has increased by nearly 135% in the previous two weeks. During the past seven days, the meme coin rose by 97%. Following Donald Trump’s victory in the US presidential election on November 5, the entire spiked, and so did PEPE. After Coinbase and Robinhood verified PEPE listings on November 14, the token’s price surged even higher, surpassing its previous peak.
At press time, the asset was trading at $0.0000212 following a 2.93% rise over the past 24 hours. However, it should be noted that PEPE encountered several dips throughout the day.
Just yesterday, the meme coin managed to hit an all-time high of $0.00002524. Currently, PEPE trades 15% below this peak. This drastic drop is due to the fact that the asset is fairly new to the cryptocurrency market and is extremely volatile.
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Bullish Weekend?
It is certain that the meme cryptocurrency is going to enjoy a bullish weekend. According to data from CoinCodex, attaining a new high could be doubtful for the asset. But PEPE is expected to continue surging. The cryptocurrency will trade at $ 0.00002129 on Saturday which is November 16 and on Sunday, it is expected to be priced around $ 0.00002246.
Considering the market’s overall sentiment, it wouldn’t be surprising if the meme coin goes on to achieve a new peak in the coming days or weeks. PEPE, in particular, has immense potential despite its late entry into the market.
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