Mitrade Insights is dedicated to providing investors with rich, timely and most valuable financial information to help investors grasp the market situation and find timely trading opportunities.

2021

Best News & Analysis Provider

FxDailyInfo

2022

Best Forex Educational Resources Global

International Business Magazine

Insights

News

Cryptocurrencies

PEPE price inches closer to 2024 peak with top crypto exchanges teasing PEPE memes on X

Source Fxstreet

PEPE price rallied to a high of $0.00000141 on Friday as Binance, Bitstamp and OKX teased users with related memes on X.
Binance announced a 700,000 PEPE reward for a quiz contest for users.
OKX and Bitstamp teased users with the PEPE logo and memes on February 23.

PEPE’s social dominance and relevance have been increasing since February 20. This week, top cryptocurrency exchanges have shared PEPE and related memes in tweets on their official X handle. The increasing social media mentions of X, alongside rising social dominance, could catalyze gains in the meme coin.

Also read: SEI, Omni Foundation propose standard to unify Ethereum NFTs

On-chain metrics and social media mentions support PEPE gains

PEPE price climbed 22% in the past month and remained nearly unchanged in the past week. The frog-themed meme coin has gained relevance and seen an increase in its social dominance as exchanges mention PEPE in their recent tweets on X.

Data from Santiment reveals social dominance climbed between February 20 and 23.

PEPE

PEPE Social Dominance. Source: Santiment.

The rising social dominance is accompanied by an increase in PEPE price. At the same time, there is an increase in volume and a decrease in PEPE supply on exchanges. These metrics support a bullish thesis for PEPE.

PEPE

PEPE Volume and Supply on Exchanges. Source: Santiment.

Binance announced a quiz contest with a reward of 700,000 PEPE and Bitstamp and OKX teased PEPE memes in their tweets.

PEPE price could revisit yearly high

PEPE price hit its 2024 top of $0.00000150 on January 11, since then, the meme coin suffered a pullback and in the past two days, it has started rallying towards this peak. On Friday, PEPE price climbed to a high of $0.00000141, inching closer to the $0.00000150 target.

The Moving Average Convergence Divergence (MACD)indicator reveals that there is positive momentum in PEPE.

PEPE

PEPE/USDT 1-day chart

In the event of a correction, PEPE price could find support at the 38.2% and 23.6% Fibonacci retracements of its decline from its 2024 high, at $0.00000111 and $0.00000101 respectively.

Disclaimer: For information purposes only. Past performance is not indicative of future results.

Recommended Articles

Fed hike odds near 90% into Wednesday's decision — how to trade the dollar, gold and the S&P 500 A 0.3% monthly core CPI print has lifted the market-implied probability of a 25bp Fed hike on 16 September to roughly 86.5% ~ 90%, which would be the first increase since July 2023. Here is the decision timeline, the pricing versus the forecasts, both scenarios, and the key levels for the dollar, gold and the S&P 500.

Author Suzie

Sep 14, Mon

A 0.3% monthly core CPI print has lifted the market-implied probability of a 25bp Fed hike on 16 September to roughly 86.5% ~ 90%, which would be the first increase since July 2023. Here is the decision timeline, the pricing versus the forecasts, both scenarios, and the key levels for the dollar, gold and the S&P 500.

Bitcoin falls below $75,000 as the CLARITY Act fails in the Senate — what the vote means for crypto The US Senate blocked the Digital Asset Market CLARITY Act in a 49-50 procedural vote, sending Bitcoin briefly below $75,000 — its biggest one-day drop since June. Ethereum fell more than 8%, Coinbase slid 10% and $75 billion of crypto market value evaporated. Here is what the vote was, why it failed, and the levels that matter now.

Author Suzie

Sep 16, Wed

The US Senate blocked the Digital Asset Market CLARITY Act in a 49-50 procedural vote, sending Bitcoin briefly below $75,000 — its biggest one-day drop since June. Ethereum fell more than 8%, Coinbase slid 10% and $75 billion of crypto market value evaporated. Here is what the vote was, why it failed, and the levels that matter now.

Dollar index tops 100 for the first time since July as the Fed's hawkish dot plot sinks in The U.S. dollar index broke back above 100 for the first time since 31 July after the Fed delivered its first rate hike since 2023, with the dot plot showing 16 of 18 officials expect at least one more increase this year. Here are the levels that matter for DXY, the currencies feeling it most, and what to watch next.

Author Irene Q.

Sep 17, Thu

The U.S. dollar index broke back above 100 for the first time since 31 July after the Fed delivered its first rate hike since 2023, with the dot plot showing 16 of 18 officials expect at least one more increase this year. Here are the levels that matter for DXY, the currencies feeling it most, and what to watch next.

Gold rebounds to near $4,350 on weaker US Dollar, falling oil prices Gold price (XAU/USD) rises to near $4,345 during the early Asian session on Friday. The precious metal rebounds from a six-week low amid falling oil prices and a weaker US Dollar (USD). Traders continue to assess the latest Federal Reserve (Fed) rate hike and policy cues.

Author FXStreet

Sep 18, Fri

Gold price (XAU/USD) rises to near $4,345 during the early Asian session on Friday. The precious metal rebounds from a six-week low amid falling oil prices and a weaker US Dollar (USD). Traders continue to assess the latest Federal Reserve (Fed) rate hike and policy cues.

US to delay new "overcapacity" tariffs on China — what the pause means for trade, inflation and the dollar Washington is expected to hold off announcing new tariffs over Chinese "overcapacity" until after the 24 September summit, according to Bloomberg. The postponed plan would have added 7.5% to Chinese goods, taking second-term US tariffs to around 20%. Here is what is on the table, and what a deal versus no deal would mean for the yuan, Hong Kong equities and the dollar.

Author Mitrade

Sep 18, Fri

Washington is expected to hold off announcing new tariffs over Chinese "overcapacity" until after the 24 September summit, according to Bloomberg. The postponed plan would have added 7.5% to Chinese goods, taking second-term US tariffs to around 20%. Here is what is on the table, and what a deal versus no deal would mean for the yuan, Hong Kong equities and the dollar.

Popular Symbols