Cryptocurrencies are quite volatile, and meme coins are probably the most volatile niche in this industry. They offer extremely friendly entry prices and go through a boom-bust cycle more frequently than other crypto tokens. This is why they open up chances to make big gains and why crypto investors love them.
Pepe, a relatively top meme coin, is interesting to crypto traders and investors. Like Bitcoin and other top crypto coins, it suffered a big drop in December. But will it rise or fall in January? This article details what top crypto analysts think.
Recent Pepe price action hints at a resurgence
The Pepe price more than doubled in November 2024, buoyed by bullish market sentiment and the meme hype. It set a new all-time high in December at $0.000027, with the cryptocurrency entering the top three by market cap among meme coins. However, the momentum in the crypto market hit a wall in mid-December, and PEPE all but crashed.
PEPE is trying to get back up, and stable growth in the last weeks gives some hope. PEPE is trading around $0.000020, with the PEPE community optimistic that the steady gains of the last few weeks will result in a strong rally in the coming weeks.
What do top crypto analysts say about Pepe?
Crypto analyst DeFi Omega thinks that PEPE is ready for a major breakout. Thoughts are that if PEPE breaks above the $0.000023 resistance level, it could rally strongly and surge up to $0.00003.
CoinCodex presents an even more optimistic outlook for PEPE. It believes PEPE could surge to $0.00006 by the end of January, and several technical indicators back up these sentiments.
For one, PEPE’s RSI is approaching overbought territory, which means there’s strong buying interest from everyday traders. The coin’s daily trading volume is also in the billion-dollar range, and it has maintained an upward price movement for the better part of the last month. Going by these signals, PEPE’s price is more likely to appreciate in January rather than drop.
The bottom line
So, is PEPE a great option for ambitious crypto investors? Possibly. Almost every indication suggests a PEPE price boom in January, which would lead to a decent profit for those who take a stake in it.
However, it always pays to diversify your crypto portfolio. PEPE could be a decent investment option, but it doesn’t offer the best profits. Remittix, a new crypto presale, offers superior ROI when you consider its incredible potential. But what is Remittix, and what does it do?
Remittix is a PayFi solution that specializes in crypto-fiat transactions. In essence, it allows anyone with funds in their crypto wallet to send fiat to any bank account in the world. This is a revolutionary use case, and the potential to grow and appreciate is massive.
This is why investors are rushing the Remittix presale. Available for $0.0193 per token now, it has raised over $2 million from investors even though it only made its debut less than a month ago. RTX is a must-have for ambitious investors. It is expected to appreciate ten-fold before its presale ends and could hit the golden $1 milestone by the time it goes viral and launches officially.
Discover the future of PayFi with Remittix by checking out their presale here:
Website: https://remittix.io/
Socials: https://linktr.ee/remittix
