Elon Musk’s recent activity on X (formerly Twitter) has once again drawn attention to Pepe coin (PEPE). By changing his name to “Kekius Maximus” and his profile picture to a Pepe-inspired gladiator playing video games, Musk sparked renewed interest in the meme coin.
PEPE’s price surged 11% in response to his post, showcasing the influence of one of the world’s wealthiest individuals on crypto markets.
Pepe coin, launched in April 2023, gained traction early thanks to its association with the globally recognized Pepe the Frog meme.
The coin’s accessibility increased in 2024 after its listing on Robinhood, and December saw it hit a new all-time high alongside a broader crypto market rally.
Musk has a history with Pepe memes, previously using one in March 2024 to illustrate the First and Second Amendments. His playful endorsements often stir market sentiment, making PEPE a hot topic among retail investors.
The Numbers: How a $1,000 Investment Grew
On March 13, 2024, PEPE traded at $0.000009332. A $1,000 investment at this price would have purchased 107,158,165.45 PEPE coins. As of today, with PEPE priced at $0.00002047, that investment would now be worth $2,193.53—an impressive 119.4% gain in just nine months.
This growth underscores the potential of meme-based cryptocurrencies, particularly when fueled by high-profile endorsements. However, volatility remains a significant risk.
PEPE Daily Technical Outlook: January 1, 2025
PEPE (USDT) is currently trading at $0.000019, down 7.50% in the past 24 hours with a trading volume of $2.88 billion. Despite this decline, the 4-hour chart displays a symmetrical triangle pattern, hinting at a potential breakout.
Resistance Levels: Immediate resistance lies at $0.00002194, with further hurdles at $0.00002463 and $0.00002730. Support Levels: Immediate support is at $0.00001892, followed by $0.00001721 and $0.00001446.The RSI at 53.28 signals neutral momentum, while the 50 EMA at $0.00001912 indicates mild bullish sentiment. A decisive breakout above $0.00002194 could drive gains, while failure to hold $0.00001892 risks further declines.
Key Takeaways
Musk’s Influence: Elon Musk’s playful endorsement on X drove a short-term price surge for PEPE, highlighting his impact on crypto markets. Investment Growth: A $1,000 investment in PEPE nine months ago would now be worth $2,193, reflecting a 119.4% gain. Technical Setup: A symmetrical triangle pattern suggests potential volatility, with traders closely watching key resistance and support levels.WEPE: A Rising Contender in the Meme Coin Market
Wall Street Pepe ($WEPE) is making waves in the cryptocurrency space, emerging as a strong competitor with a focus on transparency and utility. Having raised over $39 million during its ongoing presale, WEPE has captured market attention with rapid growth and significant investor interest.
With just under $1.1 million left to meet its target of $40.1 million, WEPE is poised to solidify its position as a standout project in the meme coin ecosystem.
What Sets WEPE Apart?
Unlike speculative meme coins, WEPE offers unique features that combine transparency, security, and tangible utility:
Staking Rewards: WEPE offers staking yields of up to 400%, with over 14 billion tokens staked. This incentivizes long-term holding, contributing to market stability. Enhanced Security: The project has undergone rigorous audits with no critical vulnerabilities found. Additionally, no developer allocations ensure that token value remains unaffected by insider selling. Exclusive Community Insights: A VIP group for holders provides market updates and investment strategies from industry experts, fostering an informed and engaged investor base.WEPE offers staking yields of up to 400%, with over 14 billion tokens staked. This incentivizes long-term holding, contributing to market stability.
The post Elon Musk’s Pepe Meme Tweet Turns $1,000 Into a Fortune – Could PEPE 100x From Here? appeared first on Cryptonews.
