In light of the recovery in the cryptocurrency market, meme coins stand out as some of the main beneficiaries of this momentum. Among these coins, PEPE has shown remarkable performance recently, raising questions about the beginning of a new recovery phase for this type of digital asset.
Performance of the PEPE currency on May 8, 2025
Current price: The PEPE currency is trading at $0.00000869, registering an increase of 10% over the past 24 hours.
Daily trading volume: The trading volume reached approximately $1.34 billion, indicating an increase in investor interest in the currency.
Market capitalization: The market cap of the currency is estimated at approximately $3.06 billion, placing it 22nd among cryptocurrencies in terms of market capitalization.
This positive performance reflects an improvement in market sentiment towards the PEPE currency, especially after a period of decline in previous months.
Factors supporting the rise of PEPE
1. Accumulation by whales
In recent days, there has been significant buying by large investors (whales), with 2 trillion PEPE coins withdrawn from the Binance platform to private wallets, reflecting increasing confidence in the future of the currency.
2. Improvement in technical indicators
Relative Strength Index (RSI): The index shows a state of balance, indicating the possibility of the upward trend continuing.
Moving averages: The moving averages show a convergence between short-term and long-term averages, which may indicate the beginning of a new upward trend.
3. General market momentum
With Bitcoin's price rising to record levels, the total market capitalization of cryptocurrencies has surpassed $3.07 trillion, boosting the performance of altcoins like PEPE.
Future expectations for the PEPE currency
Short term (next week): Forecasts suggest the price could reach $0.000009, representing an increase of 29.98% from the current price.
Medium term (end of 2025): If the positive momentum continues, the price could reach levels between $0.0000143 and **$0.0000153**
Long term (until 2030): Some optimistic forecasts suggest the price could reach $0.0001192, representing a significant increase from current levels.
Conclusion
Current data indicates that the PEPE currency has begun to recover, supported by positive technical and fundamental factors. However, investors should exercise caution and monitor the market closely due to potential volatility in the cryptocurrency market.
