Pepe Price Prediction: PEPE Drops 5% As Investors Rush To This New Meme Coin For Parabolic Gains
Release: 2024/04/01 15:32 Reading: 493
The Pepe price has dropped 5% to trade for $0.00000813 as of 02:09 EST time as trading volume rises a fraction.
It comes as markets conclude the Easter Holidays, which extended the low trading volumes characteristic of weekends.
Happy Easter Frens $pepe pic.twitter.com/9Pht818RXT
— ?KC (@kc_sanj) April 1, 2024
The outlook is uniform across the sector, with all meme coins dropping save for the Book of Meme (BOME), which is up 11% in the last 24 hours.
$BOME is going to cook this week, this dip was a blessing. pic.twitter.com/zMwGGPZrjf
— Mo (@NotoriousCoins) April 1, 2024
With this drop, the Pepe price has slipped below the support offered by the 50-day Simple Moving Average (SMA) at $0.00000812. While this loss is critical, all hope is not lost as the Pepe price continues to consolidate above an ascending trendline with prospects for more gains.
Evidence of this potential is that the Relative Strength Index (RSI) continues to hold above the 50 mean level. The Awesome Oscillator (AO) is also in positive territory, with its histogram flashing green as their volumes increase. This shows a growing bullish sentiment.
For as long as the bulls keep PEPE above the ascending trendline, the Pepe price could still push north to tag the $0.00001000. An extended move north could see the Pepe price to reclaim the $0.00001084 range high.
In a highly bullish case, the gains could extrapolate to hit $0.00001200, standing around 46% above current levels.
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TradingView: PEPE/USDT 12-hour chart
Converse Case
On the flip side, if the bears are able to push the Pepe price below the ascending trendline, it could extend the fall to $0.00000656. Below this level, the frog-themed meme coin could slide lower to find support at the 100-day SMA at $0.00000538, lest it revisits the range low at $0.00000493. This would denote a 40% fall below current levels.
Meanwhile, investors are rushing to DOGE20; a new meme coin that analysts say has the potential for parabolic gains, likely recording 100X.
Promising Alternative To PEPE
Dogecoin 2.0, powered by the DOGE20 token, is one of the latest ICOs to give investors affordable entry into the red-hot meme coin space. The project has detailed a roadmap with six stages, with the whitepaper proposing the introduction of new features to enhance the token’s utility in the future.
Dogecoin 2.0 marks the latest and greatest addition to the Doge family of meme coins. Its ticker, $DOGE20, is committed to becoming the next Dogecoin (DOGE) or Shiba Inu (SHIB). The project encapsulates the vibrant essence of meme coins that have captured the imagination of the crypto community. Its roots are intertwined with the iconic godfather Dogecoin, which transcended internet culture.
Getting ready for the ultimate #DOGE upgrade! ?️
We're propelling @elonmusk’s beloved #Memecoin towards a greener horizon. ?
Diving into the possibility of staking #DOGE20 and reaping environmentally-friendly rewards. ?? pic.twitter.com/zMino37jCV
— Dogecoin20 (@DOGE_COIN20) March 22, 2024
With this, Dogecoin20 pays homage to this legacy while venturing into uncharted territory. By combining the allure of memes with the power of on-chain staking, Dogecoin20 carves a unique path that appeals to both enthusiasts and investors seeking novel avenues for growth.
? #DOGE20 isn't just another Shiba Inu-inspired derivative.
Upholding Dogecoin’s ethos to Do Only Good Everyday, it offers passive rewards through on-chain staking. ??
Embracing a greener, more sustainable future with the most widely loved #Memecoin in the world! ? pic.twitter.com/zqlONodRPB
— Dogecoin20 (@DOGE_COIN20) March 14, 2024
Less Than Three Weeks Left To Buy DOGE20 For $0.00022
Dogecoin20 is advertised as the ultimate Doge upgrade, taking Elon Musk’s favorite meme coin Dogecoin (DOGE) into a new, more innovative future. The project has already raised more than $10 million, with presale tokens now depleted. With the attainment of this $10 million hard cap, the countdown to DOGE20 claim and launch is now at 19 days.
src="/uploads/20240401/1711961372660a751c85812.png">
The token also offers a whopping 70% Annual Percentage Yield (APY) for stakers, with detailed information available on the project’s staking dashboard. Staking has become increasingly popular as it offers investors a way to earn passive income, especially in the face of market volatility. Dogecoin20 introduces its Stake-to-Earn feature, driven by Ethereum smart contracts as an ERC-20 token, aiming to revolutionize the crypto landscape.
The process is simple: stake your tokens, withdraw them, claim your rewards, and monitor the APY.
You can buy DOGE20 on the website for $0.00022 for another 19 days when it launches. Interested buyers should act fast before it’s too late. The token is available for purchase using ETH, BNB, or USDT.
Also Read:
- Dogecoin20 Price Prediction – DOGE20 Price Potential in 2024
- How to Buy Dogecoin20 – DOGE20 Presale Review
- New Cryptocurrency ICO Dogecoin20 Launches With $250,000 Raised On Day One – Next Big Meme Coin?
- Best Meme Coins to Invest in: Top Picks for Exponential Gains!
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