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Pepe price fell 10% in the past 24 hours to trade at $0.000007841 as of 3:00 a.m. EST on trading volume that jumped 40% to $673.4 million.
Despite the daily decline, PEPE is still up 17% on the weekly chart.
Pepe hasn’t seen any major developments recently that could act as major factors in the fundamental analysis of the meme currency. Instead, he has simply followed the lead of other meme currency majors or the broader crypto world. At present, many in the crypto community are expecting the next big Bitcoin-led bull run to arrive and push cryptocurrency prices into another one-year rally.
It remains to be seen when, or even if, this will happen. Historical data suggests that the rally could still take a few months to get underway, but the cryptocurrency sector remains as unpredictable as ever, and the timeline could be pushed back either way.
Pepe Price Prediction
After trading sideways for over 12 hours, PEPE price is starting to see an increase in activity, already marking a significant rise. The project is up over 2% in the last hour, although it appears to have encountered resistance at $0.0000080.
There is no denying that the start of the new week has brought strong bullish momentum. The PEPE Bollinger Bands have seen a sudden widening, with the price pushing the upper band quite high, which is a very bullish signal.
However, when it comes to the token’s Relative Strength Index (RSI) value, it has moved from the oversold to the overbought zone in a matter of minutes, as seen in the chart above. This suggests high volatility, meaning that a possible correction could be coming – likely just as sharp as the price rally.
However, the rally also seems to be affecting the market as a whole, so PEPE might not react as expected, given these signals, as it seems to be following the rest of the market. As such, the resistance at $0.000008 could end up being broken, and the token’s price could continue its rise if the bulls manage to maintain control.
Promising alternatives to Pepe
Although the new week seems to be off to a good start, the cryptocurrency sector remains highly volatile, which can be an opportunity for expert traders but poses a major risk for novices. Fortunately, there are several excellent Pepe alternatives available at the moment, with lower risk, such as Pepe Unchained (PEPU).
This is the latest Pepe clone, and a cryptocurrency that is said to have huge potential, perhaps even greater than the original. The reason for this is that Pepe Unchained became the first Pepe cryptocurrency to have its own blockchain. The chain in question is a layer 2 blockchain built on Ethereum, which gives PEPU an advantage over other Pepe clones.
Are you ready to connect to the first layer 2 of meme coins? It’s coming soon!🐸🧠 pic.twitter.com/4Dgs0pSkot
— Pepe Unchained (@pepe_unchained) August 11, 2024
With its own chain, the project has managed to “decouple” PEPE from Ethereum and its limitations, such as slow transaction speeds, high fees, and lack of scalability. This has allowed the Pepe Unchained presale to garner massive interest, raising over $8.2 million as of August 12. Better yet, the ICO is still ongoing, with PEPU selling for $0.0090178 each.
However, the price of PEPU is not completely fixed – it is set to increase with each new stage of its presale. In fact, its next scheduled increase is tomorrow, so buying before this price adjustment happens is beneficial for interested investors. You can get PEPU with ETH, BNB, USDT, or your credit/debit card.
Given that the PEPU ICO has raised over $8 million and that major crypto YouTube channels such as Cryptonews regularly talk about it, the project is expected to see great success and growth by the time it goes live. This makes it a great opportunity for investors looking for a low-risk, high-potential investment.
Buy PEPU on its official website.
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