Top Reasons Why PEPE Price is Set to Explode 10x – Should You Buy Now?

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Pepe (PEPE), the frog-themed meme coin, has confirmed a new upward trend after closing above its previous all-time high (ATH) last week. With a fully diluted valuation of approximately $8.8 billion and a daily trading volume of around $4.8 billion, the mid-cap meme coin has surged by over 150% in the past two weeks. This marks the beginning of its long-awaited price discovery phase.

Why is PEPE Price Moving Ahead of Others?

Having consolidated more than seven months, the PEPE price is now well bolstered to rally exponentially in the coming months. Moreover, the meme coin industry is expected to lead in the upcoming altcoin season, which will be triggered by a major drawback of Bitcoin’s weekly dominance.

As a top-rated meme coin on the Ethereum ecosystem, with deep liquidity on various DeFi protocols, Pepe has attracted more investors in the recent past. Moreover, Dogecoin (DOGE), the largest meme coin, broke out of a multi-week bearish consolidation, thus signaling the onset of another meme season.

Last week, Pepe gained substantial momentum with listings on major cryptocurrency exchanges, including Coinbase Global Inc. (NASDAQ: COIN) and Robinhood Markets Inc. (NASDAQ: HOOD). These listings provided significant support to the Pepe community, further solidifying its position in the market.

Short Squeeze and Technical Outlook

This leg up looks quite like in February. In just 40 days, price of $PEPE went more than 10x, from $0.000009 to $0.0001 in. If this repeats we might see $0.0009 by December 16. That would be quite a Christmas gift!