LILPEPE Price Prediction: Why Little Pepe Could Rally to $0.01 Soon

Highlights:

• LIL PEPE is in the green as investors’ FOMO after listing
• Key level to watch is the day’s high of $0.0066, now the resistance
• Rally through $0.0066 could trigger a rally to $0.01 short-term

LILPEPE (Little Pepe) is among the top trending cryptocurrencies today. This reflects its strong price performance on a day that most cryptocurrencies are barely moving. When going to press, Lil Pepe was trading at $0.000505, up by 113.62% in the day. Lil Pepe trading volumes are also rising, hitting a high of $33 million.

This is quite impressive for a token that has just hit the market and has yet to draw in mainstream capital, usually associated with the top 100 cryptocurrencies. The volumes show that investors are interested in Lil Pepe and that the price could likely be higher in the foreseeable future. A couple of factors support the potential for Lil Pepe to keep heading higher.

CoinMarketCap Listing Gives LILPEPE Much-Needed Visibility

One of them is the fact that it is now listed on CoinMarketCap.This is a big deal as it gives the market visibility that most new tokens that don’t immediately make it to CoinMarketCap lack. Also, being listed on CoinMarketCap gives it a level of credibility in the eyes of investors. That’s because of the background checks that come before such a listing.

As per CoinMarketCap, LILPEPE is marked green on several essential parameters, such as not being a rug pull or a fake token. This and the fact that it is now one of the top trending tokens on CoinMarketCap could trigger a rally that could push LILPEPE to new highs in the foreseeable future, as investors’ FOMO in anticipation of more gains as market visibility grows.

LILPEPE Low Market Capitalization Makes It Attractive to Investors

LILPEPE is also generating a lot of hype thanks to its low fully diluted market capitalization. Currently, LILPEPE has a fully diluted value of $542,000. This is a low total market capitalization compared to most of the larger meme coins, most of which have a market capitalization in the tens of billions of dollars. This gives Lil Pepe a lot of room for growth going into the future.

Even a rally to a billion-dollar market cap could mean LILPEPE eliminating zeros from its price. As such, investors are likely to keep FOMOing into LILPEPE in a bid to potentially repeat the parabolic returns that the bigger meme coins have recorded in the past when they first entered the market. 

LILPEPE’s Name Could Draw In PEPE Investors

At the same time, LILPEPE has a name that is likely to keep attracting speculative meme coin traders going into the future. The name LILPEPE insinuates it as a smaller version of the well-known PEPE meme coin. This factor could see meme coin investors who have experienced the success of PEPE want to try LILPEPE. Such a rally could see LILPEPE continue to draw in even more buying volumes, especially as LILPEPEPE starts getting listed on the top centralized cryptocurrency exchanges.

Risk-on Mood In the Markets Could Send LILPEPE Price Higher

Like the rest of the market, LILPEPE could benefit from the macro environment’s increasing pro-risk. There is a strong consensus that the Federal Reserve will cut interest rates this month. This has seen risk-on assets, led by the stock market, gain upside momentum. Once the Fed announces the rate cut, markets will likely rocket as new liquidity floods in. This could trigger new highs for meme coins like LILPEPE within the year.

Technical Analysis – LILPEPE In the Green Post-Presale

After starting trading in the public markets, LILPEPE has been in the green for three hours and continues to gain upside momentum.

Source: CoinMarketCap

Clear support and resistance levels have not yet formed, but traders consider the day’s $0.0066 high reasonably reliable in the short term. If LILPEPE price breaks the $0.0066 resistance, it has the potential to eliminate a zero and rally to $0.01 in the short term.

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