PEPE's Comeback: The Next Ethereum Killer?
**PEPE's Strong Rise, ETH Faces Sell-off**
Recently, PEPE has shown remarkable performance, with a weekly increase of 19%, while Ethereum (ETH) has fallen by 1%. Some traders are beginning to shift towards PEPE. Market sentiment has been boosted by comments from U.S. SEC officials supporting cryptocurrencies, leading to a resurgence in risk appetite and funds flowing into popular Meme coins.
**Can PEPE Surpass Ethereum?**
Currently, PEPE's market capitalization is far behind ETH, needing to rise 56 times to surpass it, but the influx of funds and community enthusiasm indicate that its potential should not be overlooked. On-chain data shows a decline in exchange Bitcoin reserves, an increase in long-term holders, and PEPE whale holdings have increased from 116 trillion to 150 trillion, suggesting that large funds entering the market may indicate a bullish trend ahead.
**Technical Analysis: PEPE May Welcome a New Round of Upward Movement**
PEPE has recently broken through a descending channel, resembling the movement before the breakout in 2024. The MACD is approaching a golden cross, and the weekly RSI has rebounded to 43, indicating a bullish technical outlook. If the upward momentum continues, the 1.618 Fibonacci target suggests a bullish outlook of 480% ($0.0000426), while the 2.618 target suggests a bullish outlook of 800% ($0.00006575).
**New Opportunity: Pepe AI ($MIND) Presale is Hot**
PEPE's market cap has exceeded $3 billion, and its growth may be limited, while the new project Pepe AI ($MIND) is gaining attention. Its presale has raised $8.1 million, focusing on AI-driven community interaction and providing early Alpha opportunities. If market enthusiasm continues, $MIND could become the next high-yield target.
**Summary**
PEPE shows strong momentum in the short term, but faces challenges in surpassing ETH. Investors should pay attention to technical breakthroughs and the potential of the new project $MIND, but should also be aware of market volatility risks.
