The Pepe price has surged by 15% in the past 24 hours, rising to $0.00001282 as the cryptocurrency market as a whole posts a 2.5% gain today.
Prices of most major alts have followed Bitcoin, which hit a new all-time high today of $118,667, and which could set a few new records before the day ends.
PEPE has benefitted from this rally along with most major alts, with the meme coin also sitting on a 30% return in a week and a 37.5% increase in a fortnight.
And with its trading volume rising by over 10x virtually overnight, more gains could be coming very soon.
Pepe Price Prediction: Trading Volume Rockets Overnight – Could PEPE Be the Next $1 Meme Coin?
If we look at PEPE’s chart right now, we see that it has broken out of the pennant formed from its medium-term highs and lows.
Source: TradingViewEven more bullishly, the moving average convergence divergence (orange, blue) has just turned positive, and it could continue rising for a while yet, given previous peaks.
We also see that PEPE’s 24-hour trading volume has risen from $600 million only yesterday to $7.6 billion today, marking a massive 1,100% increase.
This signals a big influx in demand, and we can also see whales beginning to buy up PEPE in large quantities again, as revealed by on-chain data.
Given that PEPE is still not in an overbought position, now may be a very good moment in which to buy the meme token.
Based on technicals alone, it could rise for several more days, if not weeks, before undergoing a correction.
Any correction may be somewhat shallow, seeing as how PEPE – like much of the market – had been heavily sold in late January through to early May.
Many analysts are now talking up PEPE’s chances of returning to levels it hasn’t seen since early January, with some suggesting that it could even top its ATH of $0.00002803.
This will be possible if the market can continue its climb, and so long as we don’t hear too much bad news regarding tariffs.
Having said that, the recent imposition of tariffs against Canada, for example, has actually caused a flight to safe havens such as gold and Bitcoin, so they may end up being good for crypto.
nd if the bull market holds, PEPE adoption accelerates, and a major token burn takes place – a $1 target, while ambitious, may not be entirely out of reach.
Trading Bot Snorter Raises $1.7 Million in Presale for Native Token: Is This Crypto’s Next Killer App?
If PEPE is not that exciting anymore, traders can consider one of many up-and-coming alternatives, with numerous presale tokens looking very exciting right now.
For instance, Snorter (SNORT) is an Ethereum and Solana-based project that is in the process of developing an automated sniping bot.
It launched the presale for its SNORT token a few weeks ago, and has now raised just over $1.7 million amid growing investor interest.
As an automated sniping bot, Snorter will use AI to discover emerging tokens before they go parabolic, helping users to stay ahead of the market.
It will provide several other features, including atomic swaps, limit orders, rugpull protection and copy trading, so that users can mirror the strategies of whales.
These comprehensive features help to explain why its presale is taking off, and also why the project has grown a substantial community in a short space of time.
Users will need to hold SNORT if they want to access the bot’s capabilities, which should mean that the coin attracts plenty of demand.
Investors can buy it now by going to the Snorter website and connecting a compatible wallet, such as Best Wallet.
The token currently costs $0.0979, but this will continue to rise periodically until the sale ends, so buyers should act quickly.
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