What happened?
The meme coin Pepe is approaching the peak of an ascending triangle formation that has been occurring since 2024, bolstering positive Pepe price predictions. This pattern may highlight one of the last chances to buy before the coin’s next surge, which many speculate will occur in Q4. Concurrently, there’s growing speculation about a potential PEPE ETF due to the SEC’s new generic listing standards set to expedite crypto ETPs.
Who does this affect?
This development directly impacts current and potential Pepe coin investors. It also affects those involved in TradFi markets as Pepe might soon make its entrance in the market. The US Fed’s ongoing interest rate easing could lead to increased capital rotation into riskier investments like Pepe, impacting broader market dynamics.
Why does this matter?
The potential surge of Pepe coin could have considerable implications on the cryptocurrency market. An increase in Pepe’s value could stimulate new interest and investment in meme coins or other alternative cryptocurrency options, diversifying the market further. Also, the possibility of a PEPE ETF could fuse traditional finance (TradFi) and the crypto markets, potentially changing the perception and acceptance of cryptocurrencies in mainstream finance.