Ethereum looks extremely optimistic right now. In the past 30 days, it has increased 40.3%. Since July 8 only, it has jumped more than 39.58%. Over the past seven days, he reported an increase of 19.7%.
In particular, highlighting the correlation between Ethereum and Pepe, some analysts suggest that Pepe Coin could soon reach a new summit of all time.
Let’s analyze!
Presentation of the Pepe Market
At the start of this month, the PEPE market was $ 0.00,000,926. During the first eight days of the month, he remained mainly in the range of 0.00001079 and 0.00000917 $. On July 9, with a single day growth of 8.39%, he closed above the beach. Since then, he jumped 28.77%.
This pepe price action is closely like that of Ethereum.
Pepe & Ethereum: correlation analysis
Crypto analyst Jake Gagain stresses that Pepe’s growth often reflects Ethereum trends. As mentioned above, in the last 30 days, the Ethereum market has increased by 40.5%. In the past seven days only, he jumped from 19.8% to $ 3,566.54. Since July 9, it has climbed around 36.55%.
Another crypto analyst, identified as Chandlercharts, notes that each time ETH moved $ 3,100 to $ 4,000, PEPE has generally increased.
At the beginning of July 16, the Ethereum price was $ 3,137.84. Since then, it has increased by 13.75%. During the same period, the PEPE price increased by 1.90%. Just July 16, he jumped at least 5.29%.
Pepe to hit New Ath soon?
The analyst plans that the PEPE market could reach a new ATH this weekend.
Gagain stresses that this month, the market capitalization of Pepe inflated by no less than 32%. The market capitalization of the second largest part of the same by market capitalization, PEPE, is currently at $ 5,525,72,2126, and its 24 -hour volume to $ 4,936,962.
It was on December 8, 2024 that Pepe reached its summit of $ 0.000028362. Currently, the market remains at least 53.67% below its ATH.
In conclusion, if Ethereum breaks its previous peaks, Pepe could also strike or exceed its own ATH.
