The price of Pepe ($PEPE) is surging by 6.9% this morning as meme coins are starting to recover from the losses they took in the first half of January.
Pepe delivered gains of 14% in the past week, while other tokens in this space, like Dogecoin ($DOGE) and dogwifhat (WIF), have also performed quite positively during this period, producing returns of 24.7% and 19.9%, respectively.
An encouraging inflation report in the United States this Wednesday may have contributed to pushing the price of meme coins higher.
According to the Bureau of Labor Statistics (BLS), prices rose by 3.2% compared to a year ago in December. This figure was slightly lower than analysts’ consensus estimate of 3.3% for this period.
Market participants welcome lower-than-expected inflation readings as they increase the odds that the Federal Reserve will reconsider its current stance on interest rates and make additional cuts in 2025.
Meme coins are high-risk assets that benefit from loose financial conditions and expansive monetary policies. Hence, lower interest rates favor the valuation of these cryptocurrencies.
Pepe Breaks Trend Line Resistance, But Has Not Fully Reversed its Downtrend Yet
Pepe was one of the best meme coins of 2024, as its price surged by over 1,331% during the year. This Ethereum-based digital asset, which captured the virality of the Pepe the Frog meme, has given birth to a whole universe of PTM-themed cryptos like Pepe Unchained ($PEPU) and Pepe Coin ($PEPECOIN).
From a technical perspective, today’s move is breaking $PEPE’s symmetrical triangle, which started to form back on December 9 when most cryptocurrencies peaked as the Trump rally reached its exhaustion stage.
Trading volumes in the past 24 hours have surged by 12% and currently stand at $1.3 billion – accounting for roughly 12% of the token’s circulating supply.
If this uptick continues its way upwards in the next few days, the next resistance to overcome would be the $0.000022 level. If the price breaks above that level, we will witness a full-blown trend reversal for the meme coin.
Rumors have been propagating this past week about Donald Trump’s plans for the crypto space during the first 100 days of his administration.
Sources familiar with his agenda have told well-reputed news outlets like the Washington Post that the President-elect could sign a handful of pro-crypto executive orders right after he enters the Oval Office.
Such a pad in the back for the sector just hours after being sworn in would likely be the catalyst that Pepe ($PEPE) needs to overturn its current downtrend fully. The next few days will be critical then to the short-term performance of this token.
This Pepe-Themed Meme Coin Presale Could Outperform the OG in 2025
The Wall Street Pepe ($WEPE) presale has reached a new milestone, as it has now raised over $50 million from investors in under two months.
This meme coin project aims to build a robust community of fellow traders who will join forces to fight and beat whales at their own game. A group of seasoned market operators will provide exclusive trading ideas and will rally the support of the $WEPE army to back these investments.
Whales may have deep pockets, but their resources can’t match what this army of meme coin investors will have at their disposal once Wall Street Pepe is launched.
During this presale event, the $WEPE token will be offered at a discounted price of $0.00036649. This price will only be available for the next 28 hours and then it will be increased as the developing team is aiming to reward early backers.
To buy $WEPE, head to the Wall Street Pepe website and connect your wallet. You can either swap ETH, USDT, or BNB tokens or use a bank card to complete the transaction.
The $WEPE army is closing ranks, and with $50 million in its pocket, this project will soon make it to tier-one exchanges. Don’t miss out on what could be the best-performing meme coin of 2025. Buy $WEPE now.
