Pepe Rises Once More as Elon Modifies Profile Picture – Is Meme Currency Set for a Surge?

PEPE has increased by 5.5% over the last 24 hours, reaching $0.00001968, following Elon Musk’s update of his X profile image to a depiction of Pepe the Frog, igniting renewed interest in the meme coin.

Elon Musk changes his name to Kekius Maximus and his profile picture to Pepe
Drop a if you know… pic.twitter.com/xhK1uA0g4q

— MJTruthUltra (@MJTruthUltra) December 31, 2024

The meme token has also outperformed its main competitors, Dogecoin and Shiba Inu, both of which have seen slight declines in the past 24 hours.

PEPE is up by 9% over the past week, and while it has decreased by 6.5% in a month, it remains significantly up by 1,350% over the past year.

This highlights the momentum PEPE has experienced in 2024, and with whales still showing considerable interest in the coin, its price forecasts for 2025 are also strong.

Pepe Recovers as Meme Coins Rebound – Is the Worst Finally Over?

The token has faced challenges alongside the broader market in recent weeks, as traders took profits following the exuberant post-US election rally.

However, it is likely that PEPE and many other cryptocurrencies have already reached their lows, with PEPE’s chart today indicating a resurgence in short-term momentum.

PEPE’s RSI (yellow) has risen to 73 this morning, signaling strong buying pressure after several days of lackluster performance.

Additionally, the token has experienced a sudden increase in trading volume, which has surged from $1.2 billion to $3.5 billion within a few hours today.

This indicates whale interest, with many of the recent PEPE whales continuing to hold the token in substantial amounts.

Whales are purchasing $PEPE!
Nine wallets (likely belonging to the same whale) spent 13.8M $DAI to acquire 555B $PEPE in the last 2 hours, with an average purchase price of $0.000025.
Address:
0xfb67ef6fe609edab1e0595e6815634e8e4db9cf7
0xb2f1956eae0817db73c4d542a4861ee485b7e7c6… pic.twitter.com/UDVTBxb2aq

— Lookonchain (@lookonchain) December 10, 2024

Given all this, and based on the coin’s indicators today, we should expect it to continue rising over the next few days as 2024 transitions into 2025.

Looking further ahead, the upcoming months may bring significant gains for PEPE.

This is especially true if the new Trump administration (and Republican-controlled Congress) enact favorable cryptocurrency legislation, as suggested by Republican lawmakers recently.

If that occurs, we might even see PEPE reach $0.000025 by the end of January, and $0.000040 by Q2 2025.

New High-Utility Meme Coins May Outperform in 2025

PEPE is likely to remain popular in 2025, but its substantial gains this year could mean that it does not rally as aggressively over the next year.

One of the most promising of these is the new ERC-20 meme coin Wall Street Pepe (WEPE), which has raised an impressive $38.5 million in its highly successful token offering.

$35M raised. Frogs are thriving. Energy’s high. Stay ready, stay focused, stay green. pic.twitter.com/qdYWgKVn2X

— Wall Street Pepe (@WEPEToken) December 23, 2024

Wall Street Pepe is much more than just another meme token, with the project planning to launch a trading intelligence platform.

Consequently, WEPE holders will gain exclusive access to buying alerts, real-time analysis, and insider trading strategies, while they will also be able to participate in community-based trading competitions.

The winners of these competitions will receive rewards in WEPE, and the token will also be available for staking, making it a highly attractive asset.

Investors can join its sale by visiting its official website, where it is currently available at $0.0003661.

This price will continue to rise incrementally with each successive stage of the sale, while it could potentially surge once it lists on exchanges.

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