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PEPE’s rally: Is $0.0000191 the next stop for the surging memecoin?
The price of PEPE has increased significantly over the last week, with a surge of over 8%. This remarkable growth is accompanied by an increase in trading volume, which is typically seen as a foundation for further price hikes.
At its current price of $0.00001855 and market capitalization of more than $7.88 billion, PEPE has become the 24th largest cryptocurrency. However, the question on everyone’s mind is whether this rally will continue in the remaining days of the year.
The data suggests that buying pressure around the memecoin has increased significantly, with a buy volume reaching 78 as per Hyblock Capital’s data. A score closer to 100 typically indicates high buying pressure, which can drive prices up further.
Source: ambcrypto.com
