PEPE, which surged as much as 15% in early trade to reach a day high of $0.00000159, is redefining the meme coin bullish trend today. As it makes another audacious attempt to clear all backlogs in its attempt to retest a new high for this year, PEPE’s price has risen as much as 12% in the last week, according to data from CoinMarketCap, reflecting the current price outlook.
When PEPE was introduced earlier this year, it offered a fresh viewpoint on the meme landscape thanks to its frog theme, which totally differs from the Shiba Inu-breed idea that made Dogecoin (DOGE) and SHIB famous. PEPE lost its gains following the initial wave of acceptance that turned many early investors into millionaires as the effects of the crypto winter persisted.
It is now up to the last PEPE attempt to recover the all-time high (ATH) of $0.000004354, which was lost on May 8. Since then, PEPE has decreased to as low as $0.0000006369 due to a lack of clarity in its future plans and the introduction of few to no new developments.
About a month ago, PEPE’s price went from a low of $0.000001237 to a high of $0.0000016, signalling the start of a new bullish trend. PEPE hasn’t showed any indications of stopping since.
Will PEPE retest ATH?
Regarding price movement, very nothing is impossible in the cryptocurrency ecosystem. PEPE’s price has increased by 5,179.05% since its launch. If it continues to rise at this rate, it will reach $0.00008235, surpassing its previous all-time high.
Despite its recent great movements, PEPE faces intense competition in the meme coin market, which might negatively affect its success going forward. Top competitors like Shiba Inu (SHIB) and Solana’s top performance, BONK, present a fierce challenge.
