Pepe Price Prediction: PEPE Plunges 14% As Experts Say Consider This 2.0 Meme Coin For 100X Gains
Release: 2024/03/15 20:44 Reading: 693
The Pepe price plummeted 14% to trade for $0.00000898 as of 04:34 EST time.
It comes as the market continues to dump, following the lead of the Bitcoin (BTC) price, which is down nearly 8%. Meme coins are taking the brunt of sellingt, posting double-digit losses on the daily timeframe, with sector giants like Dogecoin (DOGE), and Shiba Inu (SHIB) down 12%. Floki Inu (FLOKI), which had been the best sector performer, is now the biggest loser with 17% in losses.
src="/uploads/20240315/171050788665f4476e5e312.png">
It comes after an abrupt end to the meme season, as whales moved their holdings to exchanges, interpreted as an intention to sell.
? ? 150,000,000 #DOGE (26,444,716 USD) transferred from unknown wallet to #Robinhoodhttps://t.co/X0aMNJ5A2Z
— Whale Alert (@whale_alert) March 12, 2024
PeckShield had also reported that Justin Sun, the founder of TRON, also transferred 7 billion FLOKI tokens worth $1.92 million to Poloniex exchange.
#PeckShieldAlert #Justinsun -labeled address transferred 7B $FLOKI (worth ~$1.92m) to #Poloniex ~12 hours ago pic.twitter.com/sHIqipFmj9
— PeckShieldAlert (@PeckShieldAlert) March 12, 2024
The crash is typical of meme coins, bringing to mind what one analyst @Coinmamba said on X. The user likened investing in meme coins to the modern-day Ponzi, noting, and “It only works until you run of greater fool to buy.”
Memecoin investing is like a modern version of ponzi. It works until you run of greater fool to buy. So keep doing whatever you’re doing but make sure to get out in time..
— CoinMamba (@coinmamba) March 2, 2024
Pepe Price Outlook As Meme Coins Dump
The Pepe price is sitting atop support due to the 78.6% Fibonacci retracement level in a market range measured from $0.00000082 to $0.00001084. Buyer momentum is still strong, with the Relative Strength Index (RSI) defending against further downside. Notably, it has crossed below the 70 threshold to show PEPE is ripe for selling.
The histogram bars of the Awesome Oscillator (AO) indicator are also flashing red after a sustained green streak. Furthermore, the volume indicator is reducing in size with the red shade taking over. This shows the predominant bullish trend is losing strength.
If the 78.6% Fibonacci level fails to hold as a support at $0.00000869, the Pepe price could extend the fall toward the most critical Fibonacci level of 61.8% at $0.00000701. In a dire case, the load-shedding exercise could see the frog-themed meme coin slip below the 50% Fibonacci placeholder at 0.00000583.
src="/uploads/20240315/171050788665f4476e5e312.png">
On the other hand, if the bulls recover the market, the Pepe price could push north to reclaim the $0.00001084 peak. In a highly bullish case, the gains could extrapolate for the Pepe price to tag the $0.00001200 psychological level. Such a move would constitute a 35% climb above current levels.
Nevertheless, even as the Pepe price conforms to the broader meme coin dump, Sponge V2 is a meme coin with a 100X track record that is promising an even bigger explosion when it lists on additional, top-tier exchanges soon. YouTuber Jacob Bury ranks it among the five best meme coins to buy now.
Promising Alternative To PEPE
Sponge V2 is a meme coin poised for exponential gains that announced the discontinuation of its predecessor, Sponge V1, last month. With this, the project migrated to Polygon after a malicious attack on its liquidity pool.
The project is making a strong comeback, thanks to the exciting launch of its sequel, which brings forth a new and special staking model, a Play-to-Earn (P2E) game, and a big marketing budget.
? Attention, #SPONGERS!
Here is some important information to remember about $SPONGE V2!$SPONGE V1 has officially been discontinued, and V2 has been launched on #Polygon! ?
Learn more about the token details below ?https://t.co/TCdxgXx40w
?1/3 pic.twitter.com/YZzXOlKmHY
— $SPONGE (@spongeoneth) February 6, 2024
Experts say Sponge V2 is poised to repeat the success of its predecessor, $SPONGE, which recorded 100x gains after its launch last year in a bear market.
The project is committed to absorb liquidity from the competition (other players in the meme coin sector). It soaks up all the damp through its staking dashboard. Here, token holders can lock their SPONGE forever and get ready to absorb the damp with the new and improved SPONGEV2.
WE SMELL DAMP ?$SPONGE #SpongeV2 #Crypto #Alts #PEPE #Binance #KuCoin #DOGE pic.twitter.com/EQfPCuWHvi
— $SPONGE (@spongeoneth) February 14, 2024
With plans already underway to have the Sponge V2 meme coin listed across multiple exchanges, token holders are enjoying annual percentage yields (APY) as high as 193%, with upwards of 8.356 billion tokens already staked. That is a key reason why analysts rank it among the top five cryptos to invest in now.
Meme coins with a great staking program are in high demand. Buy and stake $SPONGE today and it could set up your crypto portfolio for spectacular returns.
To increase community engagement, Sponge V2 has also introduced a new P2E racer game in which players compete against each other for a chance to win $SPONGEV2 tokens as rewards.
To take part in the $SPONGEV2 presale, visit its official website here.
Also Read:
- How to Buy Sponge V2 On Presale – Alessandro De Crypto Video Review
- 100X Meme Coin Sponge Prepares For Second Takeoff With Launch of V2 – Is $SPONGEV2 The Best Crypto to Buy Now?
- Can Sponge V2 Experience a 100x Surge Similar to Sponge V1 Upon Its Launch in 2024? Conor Kenny Presale Review
- $SPONGE Crypto Price Surge Sparks Speculation on SPONGE V2’s Meme Coin 100x Potential
New Crypto Mining Platform - Bitcoin Minetrix
- Audited By Coinsult
- Decentralized, Secure Cloud Mining
- Earn Free Bitcoin Daily
- Native Token On Presale Now - BTCMTX
- Staking Rewards - Over 50% APY
Recent news
More>- Why BTFD Coin, Pepe Coin, and Bonk Coin Are Top Meme Coins 11-26
- Missed the Pepe Coin Frenzy? This New Best Meme Coin is Here to Realise Your Dreams 11-26
- From Underdog to Top Dog: This Solana-Based Token Could Outperform Pepe by 100x This Year! 11-26
- Top 5 Crypto That Have Surpassed Their ATH In Recent Days! 11-26
- Best Wallet Soars Past $1M In Private Sale As Public Presale Starts Today For Web3 Wallet Built For 2024 Bull Run 11-26
- Massive PEPE Whale Sells 130 Billion Tokens: Price Faces Downward Pressure 11-25
- Pump.fun bot nets $6.8M profit with memecoin sniping success 11-25
- Singapore Gulf Bank Plans $50 Million for Stablecoin Payments 11-25
- From Meme to Millions: These 3 Altcoins Are Set to Outperform Shiba Inu With 5,000% Gains! 11-25
Selected Topics
More>>-
- pepecoin Price Analysis
- This topic provides articles related to PepeCoin price, covering key PepeCoin insights and analysis
-
- pepe:meme star
- This topic provides articles related to the most promising meme, PEPECOIN, a project with the potential to become a mainstream digital currency. It has the advantages of decentralization, reliability, ease of use, fast speed, low cost and scalability, and is expected to be more widely used in the future
-
- pepecoin price prediction
- We’ve gathered facts about pepecoin’s success story and provided a pepecoin price prediction
Selected Articles
More>>- 1 Avalanche and Aptos rival raises over $600k in 2 weeks
- 2 Crypto Prices Today: Market Continues Rally With BTC, Pepe Coin, SEI Rising
- 3 Major Analyst Crypto Tony Bullish on These Meme Coins, But One Stands Out
- 4 MTAUR Ready to Crush DOGE and PEPE: 100x Price Growth Incoming?
- 5 Memecoins Surge in 2024, Popcat Leads with 7,621% YTD Gain, Outshining Top Crypto Tokens
- 6 PEPE Meme Coin Smashes ATH – See How Much an $83 Investment in Pepe Coin Last Year is Worth Now
- 7 Top 4 Altcoins At 70% Discounts – Last Chance!
- 8 Dogecoin Creator Proposes DOGE to NBA Legend Scottie Pippen
- 9 Top Analyst Who Predicted Dogecoin (DOGE) Last 170x Rally Forecasts New Parabolic Rise, Here’s His Price Target
- 10 New Solana Memecoin Trump Loves Elon to Rally 15,000% Before Exchange Listing, SHIB and Bonk Crash
ABOUT US
We are building the most influential，trusted information platform for aglobal community engaged in thd transformation of the financial system andthe emerging crypto economy.PEPE is an integrated platform for media,events,data & indices for the next generation fo investing and the future of money.
Get in touch with the PEPE team at admin@pepecoinbuy.com