Cryptocurrency PEPE can reach $ 1 billion in capitalization

! Not financial advice — ed.

A cryptocurrency analyst known as Kaleo has announced that the current market capitalization of the PEPE meme-coin is $ 525 million. However, the expert believes that PEPE has the potential to breakthrough.

Analyzing the chart, the analyst found signs of a breakout on the long-term timeframe (HTF), which has just begun. Based on this observation, Kaleo predicts that PEPE has the potential to exceed a market capitalization of $ 1 billion and probably even more.

«HTF is currently showing a breakout on the chart, I can see it easily returning to a $ 1 billion capitalization,» the crypto expert wrote on his X (formerly Twitter) page.

Last week, Kaleo said that PEPE is likely preparing for a parabolic rally that is expected to push the price to levels last seen in May of this year. However, before the explosive price increase, the analyst predicts that PEPE could experience a rapid decline. According to the expert, it should «serve the purpose of retesting the diagonal resistance level on the long-term timeframe as support.»

At the time of writing, PEPE is trading at $ 0.139 with a market capitalization of $ 544 million. Traders made daily trading deals worth $ 138.21 million, an increase of more than 25%.

Earlier, we told you about a meme-coin owner whose investment in PEPE 2.0 brought more than 19,500% profit. Using the decentralized Uniswap exchange, the crypto trader blocked 8.3 trillion RER2 tokens for $ 900. After 10 hours, a series of sales began, in which PEPE2 was sold in 43 transactions of 2ETH each, with an interval of 3−7 minutes between them. In less than 24 hours, the sales of PEPE2 brought the user a profit of $ 176,000, which is 19,555% more than the initial investment.

No Worries advises readers to take a critical approach to investing in meme cryptocurrencies.