Pepe Coin (PEPE) made a notable entry into the canine-dominated cryptocurrency industry. The meme coin has witnessed impeccable growth over the last couple of months. About four months ago, the asset hit an all-time high of $0.00001718. But the rough tides on the cryptocurrency market got to the frog-inspired coin, as it slipped and is currently 43% below its peak.

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Current Market Status

At press time, the meme coin was trading at $0.000009716 following a 6.19% dip over the past 24 hours. This comes as a shocker to many as the price of Pepe was on an upward trajectory.

Several analysts even suggested that the meme currency may hit $0.000012 if this trend continues. Successfully breaking the $0.000015 barrier might lead to a significant rise. A substantial price spike might result, with possible profits of up to 50%.

But the meme coin’s latest slowdown could be revered in the next few days. So, PEPE holders will have to keep an eye on the asset.

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Pepe Coin October Price Prediction

It looks like the bears were making way for the bulls in the PEPE market. According to data from Changelly, the meme coin is set to enjoy a bullish month ahead. The average cost of the asset will be around $0.0000190.

According to cryptocurrency specialists, the price of PEPE may surge to a high of $0.0000277. The minimum price that the asset will trade in October 2024 is $0.0000103.

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Since the asset will hit a new high, the majority of its holders will be at a profit. PEPE investors can take a sigh of relief, as ‘Uptober’ gains will most likely be delivered.