{"id":553353,"date":"2023-09-28T23:00:43","date_gmt":"2023-09-28T23:00:43","guid":{"rendered":"https:\/\/wncen.com\/?p=553353"},"modified":"2024-06-11T14:15:47","modified_gmt":"2024-06-11T14:15:47","slug":"16-pepe-price-recovery","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/16-pepe-price-recovery\/","title":{"rendered":"What Is Behind The 16% PEPE Price Recovery And Will It Continue?"},"content":{"rendered":"

Over the last week, the PEPE<\/a> price has emerged as one of the best performers in the crypto market. This followed a long period of drawdown that dragged the meme coin\u2019s price almost 90% below its June 2023 all-time high<\/a>. This prolonged bear period coupled with its declining momentum is why the price reversal has caught the market by surprise.<\/p>\n

Social Discussions Around PEPE Rise<\/h2>\n

To figure out why the PEPE price has been on a rally at a time when the broader crypto market has suffered declines, let\u2019s take a look at the social discussions around the token<\/a>. In particular, a report from on-chain tracker Santiment shows the social media discussion trends of top meme coins.<\/p>\n

Related Reading: Factors That Suggest A Recovery For The ADA Price<\/a><\/div>\n

Santiment\u2019s report which was shared on X (formerly Twitter) points out that meme coins<\/a> have not really been on the radar of traders, except for PEPE. As the chart shows, discussions around the PEPE meme token saw an uptick this week.<\/p>\n

\"PEPE<\/p>\n

PEPE sees uptick in discussions | Source: Santiment on X<\/a><\/pre>\n
It is the only meme coin<\/a> whose social media discussions rose during the week with the likes of Dogecoin<\/a> seeing their own metrics drop to 3-year lows. This uptick could present the reason behind the PEPE price recovery this week.<\/p>\n
Usually, when investors start getting interested in a coin, they will often talk about it on social media platforms. Depending on whether investors are collectively bullish or bearish, it can cause a swing in the price toward either direction. In this case, the uptick in discussions coincides with the rise in price, suggesting a higher level of bullishness.<\/p>\n
PEPE Price Rises 16% In One Week<\/h2>\n
PEPE\u2019s double-digit surge this week saw the altcoin<\/a> hit a local peak of $0.00000075 on Wednesday, resulting in one of its highest levels in September 2023. This rally has since lost momentum but the meme coin<\/a> continues to maintain a good chunk of its gains.<\/p>\n
Related Reading: Ethereum Open Interest Barrels Past $5.2 Billion, Is It Time To Buy?<\/a><\/div>\n
The PEPE price is up more than 16% on the weekly chart and enjoying a 92% surge in its daily trading volume over the last 24 hours. This increase in trading volume also shines a light on the rising investor interest, which could suggest a continuation of the rally once the correction finds a bottom.<\/p>\n
However, with most of the crypto market still deeply in the throes of the bear market, it\u2019s unlikely that the rally would be able to continue for too long, presenting a hindrance. If the coin fails to establish support above $0.00000071, then all of this week\u2019s gains could be wiped out<\/a> by the time the weekend is over.<\/p>\n
\"PEPE<\/p>\n
Follow Best Owie on X (formerly Twitter)<\/a> for market insights, updates, and the occasional funny tweet\u2026 Featured image from Watcher Guru, chart from TradingView.com<\/div>\n","protected":false},"excerpt":{"rendered":"
Over the last week, the PEPE price has emerged as one of the best performers in the crypto market. This followed a long period of drawdown that dragged the meme coin\u2019s price almost 90% below its June 2023 all-time high. This prolonged bear period coupled with its declining momentum is why the price reversal has caught the market by surprise. Social Discussions Around PEPE Rise To figure out why the PEPE price has been on a rally at a time when the broader crypto market has suffered declines, let\u2019s take a look at the social discussions around the token. In particular, a report from on-chain tracker Santiment shows the social media discussion trends of top meme coins. Related Reading: Factors That Suggest A Recovery For The ADA Price Santiment\u2019s report which was shared on X (formerly Twitter) points out that meme coins have not really been on the radar of traders, except for PEPE. As the chart shows, discussions around the PEPE meme token saw an uptick this week. PEPE sees uptick in discussions | Source: Santiment on X It is the only meme coin whose social media discussions rose during the week with the likes of Dogecoin seeing their own metrics drop to 3-year lows. This uptick could present the reason behind the PEPE price recovery this week. Usually, when investors start getting interested in a coin, they will often talk about it on social media platforms. Depending on whether investors are collectively bullish or bearish, it can cause a swing in the price toward either direction. In this case, the uptick in discussions coincides with the rise in price, suggesting a higher level of bullishness. PEPE Price Rises 16% In One Week PEPE\u2019s double-digit surge this week saw the altcoin hit a local peak of $0.00000075 on Wednesday, resulting in one of its highest levels in September 2023. This rally has since lost momentum but the meme coin continues to maintain a good chunk of its gains. Related Reading: Ethereum Open Interest Barrels Past $5.2 Billion, Is It Time To Buy? The PEPE price is up more than 16% on the weekly chart and enjoying a 92% surge in its daily trading volume over the last 24 hours. This increase in trading volume also shines a light on the rising investor interest, which could suggest a continuation of the rally once the correction finds a bottom. However, with most of the crypto market still deeply in the throes of the bear market, it\u2019s unlikely that the rally would be able to continue for too long, presenting a hindrance. If the coin fails to establish support above $0.00000071, then all of this week\u2019s gains could be wiped out by the time the weekend is over. Follow Best Owie on X (formerly Twitter) for market insights, updates, and the occasional funny tweet\u2026 Featured image from Watcher Guru, chart from TradingView.com<\/p>\n","protected":false},"author":541,"featured_media":553366,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[88145,89512,88215,89513,89514,88190,88188],"class_list":["post-553353","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-pepe","tag-pepe-news","tag-pepe-price","tag-pepe-price-prediction","tag-pepe-price-recovery","tag-pepeusd","tag-pepeusdt"],"acf":[],"yoast_head":"\nWhat Is Behind The 16% PEPE Price Recovery And Will It Continue?<\/title>\n<meta name=\"description\" content=\"Over the last week, the PEPE price has emerged as one of the best performers in the crypto market after a long 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Best is a highly skilled professional with a track record of producing engaging and informative content. With a keen eye for detail and a passion for accuracy, Best is committed to ensuring that each article published meets the highest standards of quality. Best has over six years of experience in the crypto industry and has overseen the creation and publishing of thousands of articles over the years. Best is always abreast of everything that is going on in the crypto industry in order to create and curate the most relevant content for readers. This shines through in Best\u2019s publications, which are always clear and concise, enabling easy reading and understanding for all. Best is also an avid learner and advocate for new technology. This has seen Best dive into topics in areas such as decentralized finance (DeFi), non-fungible tokens (NFTs), Layer 2 blockchains, etc. In addition to this, Best is a vocal member of the crypto community across various social media platforms such as X and Reddit. Best\u2019s work garners tens of thousands of readers monthly, who rely on the information in these publications to keep up-to-date with everything happening in the crypto community. Best\u2019s articles explore breaking news, intricate systems such as yield farming, liquidity pools, and other decentralized finance (DeFi) systems. This is because Best understands the importance of information to gaining financial freedom and believes that everyone should have access to this information. Best also believes in leveraging the blockchain for philanthropy to create the most positive social impact. This involves work with charitable organizations focused on financial literacy and education. With each article, Best lends a voice to important issues such as a more financially inclusive future, transparent systems for growth and development, and technology that is not self-serving but one that serves all of humanity. When not curating engaging content, Best can be found reading a book with a cup of hot chocolate, enjoying a Netflix series, or exploring the outdoors with Green - the world\u2019s most quiet and well-behaved Husky. Best\u2019s interests also span other industries such as art, finance, and security, attending seminars and conferences in not just the crypto industry but other industries as well. As an animal lover, Best is also involved with charities for animals, local shelters, and rescues. Best is also involved in local events that promote inclusivity, such as being a prominent member of hiking clubs and a cycling club, as well as being a part of a very happy group of animal lovers. Best is a true professional in every sense of the word, with an exceptional dedication to producing high-quality work. This shines through in Best's work on and off the clock. These include advocating for inclusive crypto education for all, the impact of financial illiteracy, and the benefits of adopting new technologies such as cryptocurrencies. Best\u2019s prolific career in the media industry is a testament of how hard work and dedication pays.","sameAs":["https:\/\/www.linkedin.com\/in\/best-owie-41a150178\/","https:\/\/x.com\/https:\/\/twitter.com\/BestOwie"],"url":"https:\/\/wncen.com\/author\/owiebest\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"What Is Behind The 16% PEPE Price Recovery And Will It Continue?","url":"http:\/\/wncen.com\/news\/16-pepe-price-recovery\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/16-pepe-price-recovery\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/09\/PEPE-price-prediction.jpeg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/09\/PEPE-price-prediction.jpeg?fit=800%2C574"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Best Owie"}],"creator":["Best Owie"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["pepe","pepe news","pepe price","pepe price prediction","pepe price recovery","pepeusd","pepeusdt"],"dateCreated":"2023-09-28T23:00:43Z","datePublished":"2023-09-28T23:00:43Z","dateModified":"2024-06-11T14:15:47Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"What Is Behind The 16% PEPE Price Recovery And Will It Continue?\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/16-pepe-price-recovery\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/16-pepe-price-recovery\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/09\\\/PEPE-price-prediction.jpeg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/09\\\/PEPE-price-prediction.jpeg?fit=800%2C574\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Best Owie\"}],\"creator\":[\"Best Owie\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"pepe\",\"pepe news\",\"pepe price\",\"pepe price prediction\",\"pepe price recovery\",\"pepeusd\",\"pepeusdt\"],\"dateCreated\":\"2023-09-28T23:00:43Z\",\"datePublished\":\"2023-09-28T23:00:43Z\",\"dateModified\":\"2024-06-11T14:15:47Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/09\/PEPE-price-prediction.jpeg?fit=800%2C574","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/553353","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/541"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=553353"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/553353\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/553366"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=553353"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=553353"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=553353"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}