Pepe Price Prediction: PEPE Soars 16%, But Experts Say This Chain-Traveling Dogecoin Derivative May Be The Best Meme Coin To Buy Now
Release: 2024/05/03 17:19 Reading: 521
Pepe Price Soars, Meme Coins Poised to Lead Bull Run
The Pepe price has surged 16% in the past 24 hours, reaching $0.00000783 as of 02:07 a.m. EST, with a 6% increase in trading volume. Pepe is not alone in its rally, as sector peers Dogecoin (DOGE), Shiba Inu (SHIB), Dogwifhat (WIF), Bonk Inu (BONK), and Floki Inu (FLOKI) have all experienced gains.
Meme Coins: Catalysts for the Next Bull Run?
Some analysts believe that meme coins will initiate the next bull run. Investor Jake Gagain (@JakeGagain) tweeted on May 2, 2024: "#Memecoins Will Start The Bull Run."
Another investor, @BullrunMicro, echoed this sentiment, stating that meme coins are the sector to watch for signs of an uptrend.
Pepe Price Prediction
The Pepe price is bullish, consolidating along an ascending trendline. The Relative Strength Index (RSI) and Awesome Oscillators (AO) indicate rising buyer momentum. The 100- and 200-day Simple Moving Averages (SMAs) at $0.00000503 and $0.00000312, respectively, suggest an upward trajectory.
Enhanced buying pressure could drive the Pepe price above $0.00000812, potentially reaching $0.00000900 or higher, clearing $0.00001042 and aiming for $0.00001084. This would represent a nearly 40% increase from current levels.
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Conversely, profit-taking could lead to a retracement, with Pepe losing support at the 50-day SMA ($0.00000707). In a bearish scenario, Pepe could fall below $0.00000600, invalidating the bullish thesis. Enhanced selling momentum could push the price below the 100-day SMA ($0.00000503).
Dogeverse: A Promising Alternative to Pepe
Dogeverse, a new meme coin, is gaining attention for its dog-themed branding and multi-chain bridging technology. This technology enables seamless transactions across Ethereum, Base, Binance Smart Chain, Polygon, Avalanche, and Solana.
The SOL-specific version of the Dogeverse website allows users to purchase tokens using Circle's USDC stablecoin.
The multichain feature enhances Dogeverse's versatility and accessibility, leading to broader adoption and increased demand. YouTuber Cilinix Crypto believes it could pave the way for significant gains post-launch.
Dogeverse's blend of endearing themes and technological innovation positions it to make a substantial impact on the cryptocurrency landscape. The project is also taking proactive steps to boost liquidity and fuel growth through additional token offerings and strategic buybacks.
Buy DOGEVERSE In The Presale
The DOGEVERSE token is currently available for purchase at $0.000305. Visit the project website for more information and to purchase tokens.
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