The meme coin sector has taken center stage, with Pepe (PEPE) leading the charge as the top-performing cryptocurrency from the top 100 by market cap. PEPE's price soared by roughly 35% in a 24-hour period, reaching approximately $0.000005647, marking its highest point since mid-November 2025.
Analysts are outlining bullish predictions for the frog-themed token. Popular analyst James Wynn argued that crypto's bull run is not over and that PEPE could be "at the forefront of memes leading the way as money flows into T1 memes and proper fundamental altcoins." Wynn drew a direct comparison to Shiba Inu (SHIB), which saw its market cap briefly exceed $40 billion in late 2021. He set a target market capitalization of $69 billion for PEPE, noting that social media and exchanges are using it for branding to increase engagement.
Another analyst, curb.sol, presented a more modest but still optimistic forecast, suggesting PEPE looks ready for its next leg up to a market cap of over $10 billion. The recent surge has been partly attributed to unexpected social momentum, including a New Year frog meme posted by crypto exchange OKX, which sparked renewed interest.
However, technical indicators suggest a potential correction is on the horizon. PEPE's Relative Strength Index (RSI) stands at 83, well into overbought territory (above 70), signaling the asset may be due for a pullback. Analyst Crypto Tony noted the "good run" but stated they would wait for a pullback before entering. Profit-taking remains a near-term risk, with key support levels identified at $0.00000491 and $0.00000460.
Beyond PEPE, other altcoins are also showing strength. Canton (CC) extended its rally from mid-December, setting a new all-time high of $0.177, supported by strong investor inflows. Meanwhile, Chiliz (CHZ) surged 29% over the past week to near $0.043, with its rally tied to strengthening demand for blockchain-based fan engagement ahead of events like the Super Bowl in early February.
