PEPE Price Aiming For A New ATH In May 2024? What’s Behind the Surge

The goal of the price increase for PEPE is to surpass the record high that was established two months prior. Find out the main causes driving the PEPE to a record high.

 

 

As the token has been steadily rising for days and is aiming for a new all-time high, PEPE has once again demonstrated why it is one of the most well-known meme coins. The price of PEPE hit the ATH record of $0.00001074 less than two months ago. With its current spike, it is only 19% of the way to reaching this goal.

 

The token has increased in value by 2.24% and 23.64% in the past 24 hours in just one week, from a low of $0.000006051 to its current value of $0.000008627. In addition, its market capitalization of $3.64 billion, up 2.74%, and trading volume of $720.79 million are noteworthy.

 

 

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Factors Driving PEPE Price to All-Time High

 

 

As Bitcoin continues its meteoric rise above $64,000, the whole cryptocurrency market is following suit. The price of Bitcoin has increased by 3.27% this week, and it is currently trading at $64,329.25. This is the reason why, after 2.22%, the total market capitalization has skyrocketed to $2.38 trillion.

 

While the overall success of the market has contributed to the recent price spike for PEPE, there are a few additional factors that have also played a role. Even PEPE will be able to use it to reach its new ATH in the long run.

 

 

 

Coinbase’s  Listing of PEPE

 

At the beginning of April, Coinbase will announce the listing of the 1000PEPE-PERP on the network. The listing was finally completed by the end of April, despite a few setbacks, which boosted confidence in the meme coin. Both the Coinbase International and Coinbase Advanced platforms now support it. Even more crucially, it provides a number of order types, including market, limit, stop, and stop limit.

 

 

 

 

Conclusion

 

The PEPE price has climbed to a level close to the ATH value, continuing its upward trajectory. Due to present bullish indications, many investors think PEPE might set a new ATH record in the next days. Since PEPE’s profit was the largest in the past year, it is already among the most profitable cryptocurrencies.

 

 

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1. Register an Account

 

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2. Deposit Funds

 

Once your account is set up, you’ll need to deposit funds into your BTCC account. BTCC may offer various deposit methods such as bank transfers, cryptocurrency deposits, or other payment options. Choose the method that works best for you and follow the instructions provided to deposit funds into your account. BTCC mainly offers USDT margin and future trading. Therefore, you need to buy USDT  before trading.

 

 

How to Buy Tether USDT Guide

 

 

 

 

3.How to Trade BTC?

 

Here are the steps to trade BTC on BTCC

 

1) First, tap “Futures” on the website homepage

 

 

2) Select a product you would like to trade from the list here. BTCC currently offers daily and perpetual futures

 

 

 

3) Check time to settlement.  The settlement time of these futures type is different, you can check the time for settlement for each product here.

 

 

 

 

4) After choosing product, you can decide whther you would like to buy or sell it.  You only need to own USDT to trade USDT-margined futures.  That is to say you can sell BTCUSDT futures without owing any BTC Coin.

 

 

 

5) Then select your order type, and choose your leverage.

 

 

 

 

If you choose Limit or SL/TP order, you will need to enter your order price here.

 

 

 

Enter the quantity or choose the percentage under the quantity field.

 

 

 

 

You can also set up stop loss or take profit targets to limit losses or maximise earnings.

 

 

 

 

6)After everything is set up, Buy or  Sell to play your order. A confirmation window will show up,  check if all info is correct and click [Confirm] to open the position.