- PEPE could still be discounted now that this is its first major rally, especially based on Dogecoin’s past performance
- HODLers have been accumulating , but whales still contributed to sell pressure
Should you hold PEPE in your portfolio or did it exhaust its potential upside in 2025? This is a question many crypto investors hoping for some memecoin exposure are likely to find themselves thinking about.
In fact, PEPE has already delivered a 4,300% upside from its lowest historical levels to its December ATH. This performance seemed to suggest that it may have a limited untapped ceiling for the next leg of the bull market.
However, that may not be the case if we look at the gains that Dogecoin, the king of the memecoin segment, achieved in its first major bull run.
DOGE pulled off over 13,000% gains between 2020 and 2021. By this standard, PEPE could potentially have a bit of a higher ceiling from its latest price level. On the charts, the memecoin recently bounced back at a critical Fibonacci level (0.5 and 0.618 from November low to December peak).
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