The bullish chart comparing $PEPE to the M2 global money supply suggests that PEPE could experience a significant price increase. This correlation highlights the potential impact of global liquidity on the value of meme coins like PEPE.
The M2 money supply, which includes cash and short-term deposits, has been expanding, reaching record highs. This increase in liquidity often drives investors toward assets like cryptocurrencies. For instance, Bitcoin's price has historically been influenced by changes in the M2 money supply .
$PEPE , as a meme coin, has shown resilience and potential for growth. Despite large sell-offs by major holders, PEPE has maintained its price levels, indicating strong market interest .
Analysts have predicted significant price targets for PEPE, with some forecasting a rally to $0.00003943, representing a 375% increase . This aligns with the broader trend of meme coins gaining popularity and value.
Considering the current market conditions and the historical correlation between global liquidity and cryptocurrency prices, appears poised for potential growth. Investors should monitor the M2 money supplyđ„đ„#BinanceHODLerEDEN #PEPEâ đ„đ„
