21-4-2025 – Meme coins have seized the spotlight, captivating investors and enthusiasts alike with their whimsical allure. Among them, Pepe Coin has emerged as a formidable contender, riding a wave of meme-fueled enthusiasm to achieve remarkable gains in market capitalisation. Its meteoric rise has sparked whispers of a potential challenge to Ethereum, the long-reigning titan of altcoins, as confidence in the latter appears to waver.
Recent market dynamics paint a stark contrast between the two.
Pepe Coin, buoyed by a surge in optimism, has shattered a critical resistance barrier, according to a prominent crypto analyst known as CW. Writing on X, CW noted that the coin had been languishing within a descending channel for weeks before staging a decisive breakout, heralding the dawn of a potential bull run. Yet, the true test lies ahead, with three formidable selling walls standing between Pepe Coin and its loftier ambitions.
Analysts suggest that surpassing the $0.000019 threshold will be pivotal for the coin to unlock further gains in the weeks or months to come. This bullish momentum is mirrored by a swell of positive sentiment, as tracked by Santiment, which recorded a notable uptick in enthusiasm for Pepe Coin last week. Given the hype-driven nature of meme coins, this could propel its value even higher.
Ethereum, by contrast, appears to be grappling with headwinds. The altcoin behemoth, currently priced at $1,650, has struggled to recapture its March 2025 peak. A troubling spike in exchange outflows over the past week signals heightened selling pressure, threatening to erase its modest 3% gain over the last 24 hours. Should this trend persist, Ethereum risks sliding below the $1,500 mark, further denting investor confidence.