$PEPE

Perhaps the most unexpected comeback in 2024 was PEPE's rise to the top, flipping several "risky" cryptocurrencies left and right. PEPE's latest achievement was upending Polygon and obtaining the 18th position in the cryptocurrency market. However, it is unclear how the asset will move from here.

$BTC

PEPE has amassed a market cap of $7.02 billion and is breathing down a bit on the back of Polygon at $7.12 billion. The rise was followed by a 12.96% rise in the price of PEPE, as it settled at $0.00001676. MATIC's price fell by 0.69%, reaching $0.7184.

$ETH

PEPE was able to show a very good upward trajectory by breaking several resistances it encountered. Currently, PEPE is trading at $0.00001698, showing strong bullish momentum. As can be seen from the chart below, the 50-day moving average, which is currently around $0.00000885, and the 100-day moving average near $0.00000765, are still well below the current price, indicating that the bullish momentum is still ongoing. . The RSI stands at 78.76, which indicates that PEPE is very deep in the overbought zone. However, strong buying interest continues to push the price higher.

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The question now is whether PEPE can maintain this current trajectory and possibly turn around Polygon's market capitalization. The current high trading volumes are contributing to the upside, as well as the very positive market sentiment. However, the RSI flashing in the overbought zone indicates the possibility of some correction in the short term. A quick watch for the key support levels for stability should be around $0.000015 and $0.000014.

The rise of PEPE has been very impressive, but it remains a very risky investment. Mime coins are very volatile and risky and often provide exposure that many would not want to have. At any moment, the value of assets such as PEPE can change rapidly without giving you a chance to cover your portfolio from losses

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