{"id":8286,"date":"2025-01-17T14:48:24","date_gmt":"2025-01-17T14:48:24","guid":{"rendered":"https:\/\/icobench.com\/?p=8286"},"modified":"2025-01-17T14:48:33","modified_gmt":"2025-01-17T14:48:33","slug":"pepe-surges-7-percent-as-meme-coins-start-to-gain-traction-again","status":"publish","type":"post","link":"https:\/\/icobench.com\/news\/pepe-surges-7-percent-as-meme-coins-start-to-gain-traction-again\/","title":{"rendered":"Pepe Surges 7% as Meme Coins Start to Gain Traction Again \u2013 How High Can It Go?"},"content":{"rendered":"

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.<\/p>\n

Pepe delivered gains of 14% in the past week,<\/strong> 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.<\/span><\/p>\n

An encouraging inflation report in the United States this Wednesday may have contributed to pushing the price of meme coins higher.<\/p>\n

According to the Bureau of Labor Statistics (BLS), prices rose by 3.2% compared to a year ago in December<\/strong>. This figure was slightly lower than analysts\u2019 consensus estimate of 3.3% for this period.<\/p>\n

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.<\/p>\n

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.<\/p>\n

Pepe Breaks Trend Line Resistance, But Has Not Fully Reversed its Downtrend Yet<\/span><\/h2>\n

Pepe was one of the best meme coins<\/a> 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).<\/p>\n

From a technical perspective,\u00a0today\u2019s move is breaking $PEPE\u2019s symmetrical triangle<\/strong>, which started to form back on December 9 when most cryptocurrencies peaked as the Trump rally reached its exhaustion stage.<\/span><\/p>\n

\"pepe<\/p>\n

Trading volumes in the past 24 hours have surged by 12% and currently stand at $1.3 billion \u2013 accounting for roughly 12% of the token\u2019s circulating supply.<\/p>\n

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.<\/p>\n

Rumors have been propagating this past week about Donald Trump\u2019s plans for the crypto space during the first 100 days of his administration.<\/p>\n

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.<\/p>\n

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.<\/p>\n

This Pepe-Themed Meme Coin Presale Could Outperform the OG in 2025<\/span><\/h2>\n

The Wall Street Pepe ($WEPE)<\/a> presale has reached a new milestone, as it has now raised over $50 million from investors in under two months.<\/p>\n

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.<\/p>\n

Whales may have deep pockets, but their resources can\u2019t match what this army of meme coin investors will have at their disposal once Wall Street Pepe is launched.<\/p>\n

During this presale event, the $WEPE token will be offered at a discounted price of $0.00036649<\/strong>. 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.<\/p>\n

To buy $WEPE, head to the Wall Street Pepe website<\/a> and connect your wallet. You can either swap ETH, USDT, or BNB tokens or use a bank card to complete the transaction.<\/p>\n

The $WEPE army is closing ranks,<\/strong> and with $50 million in its pocket, this project will soon make it to tier-one exchanges.<\/span>\u00a0Don\u2019t miss out on what could be the best-performing meme coin of 2025. Buy $WEPE now.<\/p>\n","protected":false},"excerpt":{"rendered":"

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