Pepe Price Prediction: PEPE Pumps 16% To Reclaim $4 Billion Market Cap As Experts Say This PEPE 2.0 Might Be The Best Crypto To Buy Now
Release: 2024/09/27 19:44 Reading: 895
Pepe Price Surge and Future Prospects
The price of Pepe has surged 16% in the past 24 hours, reaching $0.00001036 as of 3:30 AM EST. This surge is accompanied by a 74% increase in trading volume, reaching $1.3 billion.
This rally has allowed PEPE to reclaim a $4 billion market capitalization and has contributed to a 24% gain in the past week. Notably, all top-ranking meme coins are experiencing positive movement on daily and weekly charts, with Shiba Inu leading the pack with a 33% surge.
Bitcoin Recovery
Outside the meme coin sector, Bitcoin has recovered to $65,000 and is currently trading at $65,488.
Pepe Price Prediction
While the PEPE price surge has been lucrative for holders, it appears that the third-largest meme coin has reached a temporary peak. Despite attempts to surpass the resistance at $0.0000104, the token has been unable to replicate its previous success.
Technical indicators, such as widening Bollinger bands and an overbought RSI of 84.12, suggest a potential price rejection and correction. This is supported by overselling, as traders may seek to liquidate positions before a loss of bullish momentum.
Market Sentiment
While Pepe remains in the green on hourly, daily, and weekly charts, indicators point towards an impending correction. This decision will ultimately be left to traders' discretion.
Alternative: Pepe Unchained (PEPU)
Although PEPE is a top-performing meme coin, the crypto industry identifies Pepe Unchained (PEPU) as a promising alternative. Built on its own Layer-2 chain, PEPU aims to surpass the limitations of Ethereum, which has constrained the original Pepe token.
Benefits of PEPU include faster transaction speeds, lower fees, scalability, and an independent ecosystem that includes a DEX, Block Explorer, and developer grants. These factors have already led some experts to predict a potential 100x growth for PEPU post-launch.
The ongoing ICO has achieved significant success, raising over $15.5 million. PEPU is currently available for purchase at $0.00986.
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