The cryptocurrency market never ceases to astonish, with new altcoins vying for the spotlight. One such token, PEPE, has garnered significant attention, especially from notable crypto trader Daan Crypto Trades.
Daan Crypto Trades recently took to the X platform to share his bullish sentiment on PEPE. He observed a swift movement after the crypto retouched its range, quickly achieving a target of 10800.
$PEPE That was a quick move upon retaking the range.
— Daan Crypto Trades (@DaanCrypto) October 25, 2023
First target at 10800 reached but ultimately I am holding a spot bag of this for the cycle to come.
Still stand by the idea that $PEPE will be this cycle's $SHIB. https://t.co/zsoF0skCAs pic.twitter.com/5HwMEpc19W
Daan’s confidence isn’t limited to short-term gains; he envisions holding PEPE throughout the upcoming cycle. He stated, “Still stand by the idea that $PEPE will be this cycle’s $SHIB.” This implies an expectation for PEPE to mimic the substantial success that SHIB had in its prime.
As of now, the cryptocurrency is trading at $0.000001. In just 24 hours, the token has seen an upsurge of 16.93%, bringing its market cap to a commendable $451,948,580. With these figures, PEPE now proudly sits at the 77th spot on CoinMarketCap’s list.
YouTube influencer Mathew Perry, boasting an impressive 200k subscribers, chimed in on the PEPE discourse. In a recent video, Perry lauded PEPE’s monumental token burn, highlighting the burning of a staggering 6.9 trillion coins, equivalent to almost $6 million. This tactic, as Perry notes, has the potential to enhance the token’s ceiling and augment its market value.
However, Perry does urge investors to tread with caution, suggesting a comparative analysis with established cryptos like DOGE, which currently trades at $0.06632 before going all-in. Still, the token’s promising strides, such as the induction of a new advisory team and aggressive marketing strategies, are hard to ignore.
The future of PEPE remains uncertain, as with any cryptocurrency. Yet, with analysts like Daan Crypto Trades and influencers such as Mathew Perry shining a spotlight on it, the token is setting the stage for a bullish run. Only time will unveil the coin’s trajectory, but for now, the anticipation in the crypto community is palpable.
