$PEPE Faces Market Volatility in Major Wave 4 Amid Mixed Sentiment, 353 New Holders, and $10 Billion Target for 2024

The cryptocurrency $PEPE is experiencing volatility as it navigates a challenging market environment. Recent analyses suggest that $PEPE is currently in a major wave 4, which is often characterized by confusion and uncertainty among traders. Sentiment around $PEPE is mixed, with some investors remaining bullish while others express caution. Despite the current market difficulties, there has been a notable increase in new holders, with 353 new $PEPE holders recorded in a single day. The cryptocurrency appears to be closely correlated with $ETH, and broader economic indicators are raising concerns about potential recession impacts. Analysts anticipate that the Federal Reserve may need to implement significant interest rate cuts to stabilize the economy, which could further affect market dynamics for cryptocurrencies like $PEPE. Looking ahead, some projections suggest that $PEPE could reach a market capitalization of $10 billion in 2024.