- KALEO predicted that PEPE’s market cap may soon climb above $1 billion soon.
- The analyst highlighted the fact that PEPE’s price recently broke out of a long-term chart pattern.
- At press time, PEPE was trading at $0.000001333 following a 24-hour gain of 0.46%.
In a tweet today, the cryptocurrency trader and analyst KALEO predicted that the market cap for Pepe (PEPE) may climb to above $1 billion. According to the post, the meme coin’s market cap currently stands at around $525 million.
$PEPE— K A L E O (@CryptoKaleo) August 12, 2023
The current PEPE market cap is only $525M.$DOGE at the peak of last cycle hit $80B, $SHIB hit $40B.
There's currently a HTF Breakout on the chart, I see this running back to $1B+ mcap easily. pic.twitter.com/Xn0BYeMQVV
The analyst based his bullish prediction off the fact that Dogecoin (DOGE) saw its market cap peak at $80 billion in the last bull cycle. Meanwhile, Shiba Inu’s (SHIB) market cap reached $40 billion during this period. To add credence to the positive outlook, the analyst highlighted that PEPE’s price broke out of a long-term chart pattern.
At press time, CoinMarketCap indicated that PEPE’s price exp…
The post PEPE’s Market Cap May Soon Rise Above $1 Billion Predicts Analyst appeared first on Coin Edition.
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