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Pepe coin is leading the crypto market as the price of the meme coin has seen a parabolic surge since last week. On a one-week chart, Pepe coin has shown price increase of almost 700% which is absolutely insane but definitely a strong start for the lovers of meme coins.

As the leader of the crypto market, Bitcoin is nearing its halving and is about to make “ALL TIME HIGH” after hitting $65000 on the charts today after 3 years, many altcoins and meme coins are also slowly waking up.

Pepe is trading at $0.000007 at the time of writing with a $2.7B market cap. In the last 24 hour, the coin’s trading volume has been around $1.10B. 50% price increase has been seen only in the last 24 hours.

The exponential price increase and positive sentiment of the market suggests that investment interest will grow in Pepe coin for long positions as prices are nothing at the moment compared to what analysts believe they will hit during a robust bull cycle after Bitcoin halving.

What is Pepe coin?

Pepe is a meme coin which is based on a cartoon character named as “Pepe the Frog”. It was created in April 2023 by an anonymous team for entertainment purposes only. It was built on Ethereum Blockchain. Shortly after its launch, it gained popularity and started trending on the market charts. It took only less than a month for Pepe to reach a $1Billion market cap which took Doge coin almost four years (another popular meme coin). This explains a lot about the crazy community behind the meme coin as hitting these highs is absolutely insane specially for a meme coin without any “Musk” effect!!!

Is it right time to invest in Pepe?

Well with crypto, only one thing is certain and that is “Uncertainty”. Within minutes, markets can go sideways without any solid financial reason. But currently looking at the market sentiment, Pepe can turn out to be a good investment for your portfolio. But prices can also see sharp decline and pullbacks are always there so it is better to look for an entry point.

How much should you invest in Pepe?

As Pepe is a meme coin with an anonymous team with no intrinsic value behind, it is better to always be careful with your sentiments. FOMO is never good when prices have seen 5x or 6x in timeframe of a week. May be 1% to 2% should be a safe option for anyone to invest in Pepe for long term gains as it definitely has the potential to challenge many meme coins like Bonk and Shiba Inu.

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