Key Insights:
- PEPE sees a rise in volume and price, signaling potential market strength.
- Kevin O’Leary predicts meme coins like PEPE may attract trillions of dollars.
- Meme tokens are gaining popularity, fueled by social media trends and retail investors.
The meme token $PEPE has recently shown an increase in volume and price, signaling potential market strength. As volume returns, the token has been bouncing from a deep demand zone, indicating that it may be building a stronger foundation.
Return of Volume Signals Potential for Growth
PEPE has seen a notable rise in trading volume, reaching over $1.7 billion in the last 24 hours. This surge in activity comes after the token bounced from a deep demand level, suggesting that there may be renewed interest from traders and investors.
According to CyrilXBT, “meme strength often shows up before broader risk appetite expands,” which could mean that the market for meme tokens is heating up ahead of more significant moves in the broader crypto market.
The return of volume is seen as an important indicator, especially since meme coins are often influenced by social media trends and investor sentiment. As the price of $PEPE builds a higher base, there is optimism about its future price action, especially as the broader crypto market shows signs of stability.
Kevin O’Leary predicts the price for $PEPE’s Future
Meanwhile, Billionaire investor Kevin O’Leary recently made a statement suggesting that PEPE could see an influx of capital once the market structure bill is passed in the United States. O’Leary believes that trillions of dollars could flow into meme coins like $PEPE once the regulatory framework becomes clearer.
This prediction is based on his confidence in the long-term potential of the crypto market and its ability to attract institutional investors once proper regulation is in place. While the market awaits regulatory clarity, the current momentum surrounding $PEPE is undeniable.
The token’s price has risen by 13.79% in the last 24 hours, reflecting growing confidence from traders. Investors are watching closely to see if the token can sustain this momentum and continue its upward trajectory.
Meme Tokens Gaining More Attention in Crypto Markets
Meme coins like PEPE have garnered significant attention in recent months. The ability to attract retail investors, often driven by social media buzz, has played a crucial role in their price movements. The token’s recent bounce from a key support level shows that it may be building a stronger foundation, with potential for more substantial growth in the near future.
As meme tokens continue to gain popularity, the market is likely to see more volatility, especially as price action for tokens like PEPE tends to be highly influenced by social media trends and market sentiment.
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Source: https://coincu.com/analysis/pepe-forms-higher-base-volume-returns/