news 
PEPE’s rally: Is $0.0000191 the next stop for the surging memecoin?
Over the past week, PEPE’s price has seen a significant surge, leaving many wondering if this upswing will continue and potentially reach a new all-time high at $0.0000191.
As of December 29th, PEPE’s trading volume has increased, indicating an increase in buying pressure around the memecoin. With its market capitalization hovering above $7.88 billion, making it the 24th largest cryptocurrency, investors are eagerly anticipating what might happen next.
Historically, a rise in trading volume often correlates with a price uptick, providing a solid foundation for further growth. Given this data point alone, it is difficult to dismiss the possibility of PEPE reaching $0.0000191 or even higher.
Furthermore, Santiment’s network growth data reveals an increase after a recent dip. This surge in new addresses being created and used to transfer the token can be seen as a positive sign for investors. It suggests that more people are discovering and investing in PEPE, driving up demand.
The market sentiment also seems to be on PEPE’s side, as our analysis of Santiment’s data indicates an increase in supply held by whales (big-pocketed players). This further solidifies the notion that a continued upward trend is not entirely out of the question.
Source: ambcrypto.com
