Although the meme coin has had a rather quiet few weeks, PEPE is looking to hit a new all-time high in 2024 amid its looming listing on Binance.US. Indeed, the token had previously set a new landmark price in early November, reaching $0.000025, which could be challenged this week.
Throughout the last month, PEPE has enjoyed continued increases and a host of new listings across the digital asset sector. Though it has stalled since its peak last months, the continued positive sentiment surrounding it could be massive for it to return to its record-setting ways before the year is over.
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PEPE Eyes Another All-Time High This Year Amid New Listing
There is little argument against the importance 2024 has had on the crypto sector. It has driven increased interest in the asset class as a whole. That has led the leading cryptocurrency, Bitcoin, to a six-figure all-time high for the first time ever. Moreover, that has proven to be a rising tide, lifting several digital assets to record marks.
Among those has been PEPE, which is eyeing yet another all-time high in 2024 with a Binance.US listing looking to propel the meme coin even higher. The asset is already enjoying what has been a tremendous month. Indeed, it has firmly established itself as the third most prominent meme coin, behind Shiba Inu (SHIB) and Dogecoin (DOGE).
Also Read: How High Can PEPE Surge Before Christmas 2024?
Over the last 30 days, the token has increased more than 161%, according to CoinMarketCap. Moreover, it is still up 15% in the last seven days to trade at its current value of $0.000022. With trading volume surging 87% in the last 24 hours, there are expectations that it could challenge its record price in the coming days.
Short-term holders are currently dominating the token. Indeed, those wallets that keep the token for less than a month represent 48% of the entire PEPE supply. However, Binance.US should create an influx of liquidity and trading volume throughout this week. This could then push the asset above the $0.000025 mark substantially before 2025 arrives.
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