Pepe Coin (PEPE) has emerged as one of the most talked-about meme tokens this September, rallying strongly on the back of a massive supply drop and surging demand.
PEPE rallied to a one-month high of $0.00001200 on Sept. 13, fueled by a dramatic reduction in exchange reserves.
Over just two days, 1.1 trillion tokens left exchanges, reducing the total supply held on exchanges to 255.9 trillion from 257 trillion on Sept. 11.
As per CoinMarketCap data, PEPE’s trading volume surged to $1.34 billion, surpassing Shiba Inu’s $198 million and Pudgy Penguins’ $290 million.
PEPE Price Analysis: Flipping Dogecoin (DOGE)
Despite its explosive growth, PEPE’s market cap remains at $4.54 billion, far below Dogecoin’s commanding $40.26 billion valuation.
With PEPE currently priced at $0.00001082, it would need to climb to $0.0000962 to match DOGE’s market cap, a staggering 787% rally from current levels.
While overtaking DOGE may seem ambitious, PEPE’s trading activity and investor enthusiasm show it is building the momentum required to challenge the established meme coin hierarchy.
Bullish and Bearish Scenarios
The daily PEPE chart shows a breakout attempt from a long-term consolidation wedge. The token has been squeezed within narrowing trendlines since May, but recent bullish momentum has brought it closer to resistance.
Source: TradingView
If PEPE breaks above the red resistance zone around $0.00001200, the next short-term target is $0.000020. Beyond that, a confirmed breakout could open the path toward $0.0000962.
Failure to clear resistance could see PEPE revisiting support at $0.00000570. A break below this zone would weaken the bullish outlook and potentially trigger further downside.
Meme Coin Clash Ahead?
PEPE has already surpassed Shiba Inu in trading volume and is establishing itself as a strong contender in the meme token arena.
While overtaking Dogecoin requires an almost 8x rally, the fundamentals of reduced exchange supply and rising volumes provide a bullish backdrop.
As PEPE Rallies Higher, $HYPER Presale Explodes Past $16 Million
With PEPE eyeing a generational run, Bitcoin Hyper ($HYPER) is rapidly gaining recognition as one of the most exciting new projects in the Bitcoin ecosystem. Its presale has already raised over $16.4 million in a short period.
The project’s appeal lies in its goal of creating the first full-featured Layer-2 ecosystem on Bitcoin, a move that could unlock opportunities for memes, DeFi tokens, and NFTs directly on the world’s most secure blockchain.
Imagine Solana-level speed and smart contracts in the Bitcoin ecosystem.
At its core, Bitcoin Hyper uses advanced tools to process transactions in seconds at a fraction of the usual cost.
The HYPER token itself plays a vital role in powering the ecosystem. It is used to pay for transactions, participate in staking, take part in governance decisions, and access decentralized applications.
To encourage participation, early buyers of the $HYPER token are eligible for staking rewards of up to 70% per annum.
To buy HYPER tokens early, visit the Bitcoin Hyper official website and connect a supported wallet (such as Best Wallet).
You can use existing crypto or a debit/credit card to complete the $HYPER purchase.
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Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
A crypto journalist with over 5 years of experience in the industry, Parth has worked with major media outlets in the crypto and finance world, gathering experience and expertise in the space after surviving bear and bull markets over the years. Parth is also an author of 4 self-published books.
Parth Dubey on LinkedIn
Source: https://www.coinspeaker.com/pepe-price-prediction-pepe-volume-crushes-shiba-inu/
