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Will PEPE Reach The $10B Market Cap This June?

The post Will PEPE Reach The $10B Market Cap This June? appeared first on Coinpedia Fintech News

With the crypto markets turning green, the meme coin sector is spearheading the bull run. Amidst the meme coins, the PEPE price trend remains the top performer with a bull run with a 126% jump in May.

With the ongoing bull run, is PEPE ready to become the third $10 Billion market cap meme coin? Will the bull run in the PEPE trend continue in June for a new all-time high, or is a pullback imminent? Find out more in our PEPE price prediction

The Best Performing Meme Coin

With a massive uptrend of almost 1100% YTD growth in 2024, the PEPE price trend remains unstoppable over the past five months. Further, as per the Fibonacci retracement of the pullback trend in April, the meme coin price action breaks above the 1.618 Fibonacci level. 

TradingView

Currently, the meme coin market value has been down almost 10% within 48 hours, resulting in a retest of the 1.618 FIb level. Further, the PEPE price trades at $0.000015 with an intraday fall of 4.41%, creating another bearish engulfing candle.

Technical Indicators: 

RSI: The daily RSI line shows a sideways trend in the overbought zone, with a minor dip approaching the boundary line. 

EMA: The bullish trend in the 50D and 200D EMA sustains a positive track reflecting a strong uptrend in motion. 

Will PEPE Reach $10B Market Cap This Month?

To reach a market cap of $10 billion, the price of PEPE would need to rise to approximately $0.00002377. This would represent a significant increase of 57% from its current price of $0.000015. 

Hence, a post-retest reversal with a boom in demand could easily pump the meme coin to the $0.00002377 mark this June. 

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