$PEPE
🚨 Pepe Futures Open Interest Rate is a Bullish Catalyst 🚨
Further, the Pepe price may benefit as the futures open interest remains higher than their lowest levels in April. A high interest is a bullish catalyst for this top meme coin as it shows that there is more new money coming into the market. It is also a sign of more liquidity in the crypto market.
CoinGlass data show that Pepe’s open interest has been in an uptrend after bottoming at $166 million in March this year. It has risen to $388 million and has been hovering at its highest level since February of this year. Therefore, this data is a sign that the coin may stage a strong comeback because it shows that there is demand among investors in the futures market.
