Rocketing Rivalries: Dogecoin Challenger Pepe Skyrockets 27X Since April, Gearing Up for a Whopping 50% Surge, Reveals Top Crypto Trader
Altcoin Sherpa, a renowned crypto trader, is expressing positive sentiments regarding the Dogecoin (DOGE) and Shiba Inu (SHIB) rivals. Sherpa, on his Twitter account, where he has a substantial following of 195,700 users, said that Pepe (PEPE), a memecoin, is currently approaching its lowest point and shows promise for a substantial surge in value. The trader noted that the frog-themed coin has the potential to experience noteworthy gains, potentially reaching double-digit percentage increases from its current levels.
Using the crucial Fibonacci retracement levels, Sherpa predicts an exciting potential for PEPE to skyrocket from approximately $0.00000150 to $0.00000235, presenting an impressive surge of 57%. The trader wrote,
Nothing has changed from my original idea of this chopping from here and the .786 fib. I think that this is forming a bottom, though, in the mid-term and this is going to go to at least the .50 fib. *I still have PEPE and am just sitting on that position for now.
As of press time, Pepe is currently trading at $0.000001446. In the past 24 hours, the coin has had a 3.45% increase. Additionally, the coin has a total market cap of $566.58M and a 24-hour trading volume of $195.93M.
The overall Pepe performance shows that in the last week, the coin has experienced a decline of 6.7%, followed by a remarkable surge of 430.3% over the last 30 days, and boasting an impressive growth of 2442.7% since its launch, this cryptocurrency is undeniably on an upward trajectory.
With an expert eye on the market, Sherpa reveals that several altcoins have found their bottom in the short term, offering an intriguing opportunity for investors. To illustrate this emerging pattern, he attached charts of Ethereum (ETH) scaling solution Arbitrum (ARB), smart contract blockchain Sui Network (SUI), and non-fungible token (NFT) marketplace Blur (BLUR), all showcasing these crypto assets rebounding from a support level.
Building anticipation, the renowned trader suggests that numerous altcoins have the potential to experience a substantial rally ranging between 20% to 50% soon.