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Mustafa Mulla
Mustafa Mulla
Author
Mustafa has been writing about Blockchain and crypto since many years. He has previous trading experience and has been working in the Fintech industry since 2017.
- Jun 10, 2024 08:02 UTC
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Top Analyst Predicts 10x PEPE Price Surge: Should You ‘Buy the Dip’ Now?
Crypto Rover predicts PEPE's potential for a significant 10x surge.
Nascent venture capital firm seizes opportunity, buying 447.67 billion PEPE tokens.
PEPE sees a recent price drop to $0.0000123, suggesting market correction.
PEPE, the frog theme memecoin, recently saw its price drop after reaching $0.0000172 in late May, it’s now at $0.0000123, with its market cap reduced to $5.25 billion. This downward trend suggests the cryptocurrency market might be entering a phase of correction or consolidation.
Read on to find out what analysts are saying about PEPE’s future and see if this quirky memecoin still has room to grow.
Crypto Rover’s Big Prediction
Despite this drop, Crypto Rover, a respected crypto analyst, is predicting a huge 10x increase for Pepe from where it stands now.
Many in the crypto community believe that the PEPE coin has already reached its peak when it hit the $0.0000172. Despite skepticism from some investors, Crypto Rover insists that $PEPE still has room for significant growth.
In a recent tweet, Crypto Rover argued that it’s not too late to jump into Pepe, saying there’s still a chance for big gains. With Pepe’s market cap at $5.25 billion, Rover thinks it’s undervalued and sees a big boost coming.
Dreaming Big: A Bright Future for Pepe
Even though some people doubt its current value, Crypto Rover stays positive about Pepe’s future. He thinks in a strong market, Pepe could easily shoot up to a market cap of $60 billion, which would be a massive 10x increase from where it is now.
According to Crypto Rover’s calculations, if Pepe does surge 10x from where it is now, it could soon drop another zero from its price.
Giants Are Making Moves
On the flip side, big institutions are using Pepe’s price drop as an opportunity to buy up lots of Pepe coins. Nascent, a powerful venture capital firm, saw this chance and grabbed a whopping 447.67 billion PEPE tokens from Binance, valued at around $5.48 million.
This smart move has already paid off with a decent 4.8% unrealized profit, totaling $262,000, showing Nascent’s confidence in Pepe’s potential comeback.
With this savvy purchase, Pepe has become Nascent’s top asset, raking in an estimated total profit of $2.45 million, a hefty 248% increase.
Also Read : Top Analyst Says Now Is the Last Chance to Buy Altcoins at 70 Percent Discount
Do you think PEPE has room for growth, or is the bubble about to burst? Let us know what you think.
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