HomeNewsPepe Rockets to the Moon: Dogecoin Challenger Surges 27X Since April, Anticipating...

Pepe Rockets to the Moon: Dogecoin Challenger Surges 27X Since April, Anticipating a Jaw-Dropping 50% Rally, Discloses Top Crypto Trader

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  • Crypto trader Altcoin Sherpa forecasts a rally of over 50% for Pepe (PEPE), a memecoin that rivals Dogecoin (DOGE) and Shiba Inu (SHIB) and has increased by over 2,600% since mid-April. 
  • In addition to PEPE, Altcoin Sherpa believes that other altcoins such as Arbitrum (ARB), Sui Network (SUI), and Blur (BLUR) may also rally by 20% to 50%, although he cautions that these rallies could be short-term.

Rising Memecoin, Pepe, Predicted to Rally by Over 50%

Pseudonymous crypto trader Altcoin Sherpa, who commands a Twitter following of 195,700, has expressed bullish sentiment for Pepe (PEPE). As a relatively new competitor to well-known memecoins Dogecoin (DOGE) and Shiba Inu (SHIB), PEPE is showing promising signs of an impending rally, according to the popular trader.

Expectations of a 57% Surge for PEPE

Applying Fibonacci retracement levels to his analysis, Altcoin Sherpa suggests that PEPE, currently trading around $0.00000150, could climb to approximately $0.00000235, a 57% increase. He writes,

“PEPE: Nothing has changed from my original idea of this chopping from here and the 0.786 Fibonacci level. I think that this is forming a bottom, though, in the mid-term. And this is going to go to at least the 0.50 Fibonacci level.”

Notably, since mid-April, PEPE has soared by over 2,600%.

Potential Rallies for Other Altcoins

In addition to his positive outlook on PEPE, Altcoin Sherpa also sees potential for rallies among other crypto assets. Specifically, he views Arbitrum (ARB), a scaling solution for Ethereum (ETH), Sui Network (SUI), a smart contract blockchain, and Blur (BLUR), a non-fungible token (NFT) marketplace, as having bottomed out in the short run and ripe for rallies of 20% to 50%.

Cautious Optimism

However, Altcoin Sherpa maintains a degree of caution, warning that these predicted rallies could be short-lived. He states,

“I still think that many alts are short-term bottoming. To be determined if this is any sort of trend reversal; I personally doubt it. Still, I think a 20-50% move up for many of these is coming (maybe further downside after that, though).”

As of the time of writing, Arbitrum, Blur, and Sui are trading for $1.08, $0.471, and $.0957, respectively.

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Nikita Dmitrievich
Nikita Dmitrievichhttps://www.ethnews.com/
Nikita, a young and ambitious crypto investor who has been actively involved in the cryptocurrency world for the past 6 years. With a keen interest in blockchain technology, Nikita has been investing in various cryptocurrencies and has seen significant returns on his investments. He is passionate about educating others on the potential of cryptocurrencies and frequently shares his insights on social media platforms. Nikita believes that cryptocurrencies are the future of finance and is constantly researching new projects to invest in. With his dedication and knowledge, Nikita is quickly becoming a prominent figure in the crypto community. Business Email: [email protected] Phone: +49 160 92211628