Pepe Price Prediction: PEPE Plummets 10% As This Dogecoin Derivative ICO Rockets Towards $6M
Release: 2024/04/16 18:49 Reading: 389
The Pepe price dropped 10% in the last 24 hours to trade at $0.000005012 as of 4:30 a.m. EST on trading volume that plummeted 20% to $803.2 million.
The past week has seen Pepe face an even greater 32% drop as the broader meme coin market began to slide south.
Some believe that the losses are creating dip-buying opportunities and that traders should monitor the market for opportunities that might emerge when these big and popular tokens hit bottoms.
$pepe price may be in a bit of a short term dippity dip, but holder count continues to move steadily upward ????…LFG pic.twitter.com/DkTkf8rj5c
— ?KC (@kc_sanj) April 13, 2024
Many have speculated that Pepe itself is likely to bounce back up shortly, and while the market is now risky and volatile, those with a large risk appetite should keep a close eye on the new developments.
Pepe Price Prediction
With the Pepe price following Bitcoin’s lead, technical indicators might not be as reliable as they would be if the token operated on its own. However, the crypto market is highly volatile and unpredictable, so PEPE could decouple from BTC and go its own way at any time.
Furthermore, even if the price doesn’t do what the indicators suggest it would do, they can still provide valuable hints of what is going on, and what might happen next. With that said, the situation surrounding Pepe does not look optimistic at the moment.
The popular meme coin’s Bollinger bands are extremely narrow, which is a bearish sign. Meanwhile, the project’s Relative Strength Index (RSI) value shows a bit more optimism, given that it recently dropped to 20, which is deep in the oversold zone.
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Fortunately, it has since recovered to a more neutral area at 52.57. This suggests that Pepe has seen some increase in buying pressure. While this suggests that some traders have moved in to buy the dip, Bitcoin’s influence is still too strong for Pepe to strike out on its own and start a significant recovery right now.
Even so, its price did manage to prevent further losses, and for the time being, it appears to be relatively stable at around $0.0000051. As for how long this will take — it is difficult to tell. According to current estimates, a lot of volatility is expected over the next few days, as Bitcoin’s block reward halving is less than 4 days away.
If its price dips further, it might drag Pepe down with it. Alternatively, the impact of the halving might not be as powerful as many expect it to be, or it might allow the altcoins to decouple from BTC and allow them to recover, in which case ever an altcoin surge might be possible in days to come.
For the time being, traders should keep a close eye on the market and monitor for any new developments that might impact the Pepe price.
Promising Alternatives to Pepe
One of the biggest alternatives to Pepe right now is a brand new doge-based cryptocurrency known as Dogeverse (DOGEVERSE).
The project is an attractive investment during a highly volatile market such as the one seen right now because it is still in presale, meaning that its value is not affected by supply and demand, but actually rises during the presale.
In other words, DOGEVERSE is likely one of the safest meme coins to buy right now.
It is also one of the most revolutionary meme coins since it is the world’s first chain-traveling Doge. Its idea was to make a multichain meme coin and to achieve this, it was created to launch simultaneously on 6 different chains: Ethereum, BNB Chain, Polygon, Avalanche, Base, and Solana.
This unique ability to hop from chain to chain and easily transfer money has made its presale one of the most successful meme coin presales of the year. The ICO launched on Apr. 8, and already it has raised over $5.3 million, all while selling DOGEVERSE for $0.000296 apiece.
? #DOGEVERSE is blasting off across the multichain galaxy once again! ?
Surpassing the $900,000 mark! ?#Cosmo sends a heartfelt thanks to all the #Doge enthusiasts for their backing! ?
We have also now entered Stage 2! ? pic.twitter.com/4IomGgPbyf
— DogeVerse (@The_DogeVerse) April 10, 2024
The project also offers staking for an annual return of about 190%.
You can buy DOGEVERSE tokens in exchange for ETH, BNB, USDT, MATIC, or AVAX, or use fiat currencies by way of credit or debit card.
Visit DOGEVERSE presale here.
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