Pepe Price Prediction: PEPE Soars 26%, But Experts Say This Layer-2 Meme Coin Might Be The Best Crypto To Buy Now
Release: 2024/07/16 16:44 Reading: 617
The Pepe price skyrocketed over 26% in the last 24 hours, reaching $0.00001231 as of 12:00 a.m. EST, as investors flocked to the frog-themed meme coin.
This recent surge has pushed the PEPE price into the green by more than 29% over the weekly timeframe.
Pepe Price Surges Past Key Resistance
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Over the past 24 hours, the Pepe price surged above the critical resistance level of $0.00001093 and is currently attempting to break through the next barrier at $0.00001421. If PEPE can close a 4-hour candle above this mark within the next 24 hours, it could gain the technical support necessary to continue its upward trajectory in the short term.
However, a drop below the recently breached $0.00001093 level could invalidate the bullish thesis and potentially lead to a decline towards $0.00000783. In an extremely bearish scenario, PEPE could even plunge as low as $0.00000567.
Strong Technical Momentum for Pepe
Technical indicators on the PEPE 4-hour chart indicate that the meme coin has the potential to continue its climb in the next 24 hours. Both the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) are showing positive signals.
Before the Pepe price broke above $0.00001093, the MACD line crossed above the MACD Signal line. Traders often interpret this technical event as a sign that a crypto is entering a short-term bullish trend. This positive technical indicator appears to have been validated by the strong price movement by PEPE shortly after the two lines intersected.
Moreover, the MACD line is currently breaking away above the MACD Signal line. This could indicate that PEPE's bullish momentum is growing stronger, potentially leading to a continued increase in the price of Pepe.
RSI readings have also risen significantly over the past trading day. Currently above 80, this indicator suggests that PEPE has significant bullish strength.
However, traders should monitor the RSI closely because it also signals that the meme coin is overbought. This could be viewed as a sell signal, as PEPE's downside potential could currently outweigh its upside potential.
Given the substantial technical strength of the Pepe price, the layer-2 meme coin Pepe Unchained (PEPU) is well-positioned to benefit.
PEPE Unchained: A New Era for Meme Coins
Ethereum has become a popular choice among developers for deploying new tokens due to its reputation in the Web3 space. Many meme coins, including PEPE, reside on Ethereum. However, the network's popularity has resulted in congestion, leading to scalability issues, slow transaction speeds, and high network fees.
Pepe Unchained (PEPU) aims to introduce a new version of the beloved PEPE meme coin that is not constrained by the limitations of the Ethereum network. To achieve this, the project will launch its own layer-2 network.
This upgraded PEPE will not only offer transaction speeds 100 times faster than Ethereum but will also feature significantly lower network fees. However, token holders will still be able to seamlessly bridge their assets between the Ethereum and Pepe Unchained networks.
This provides investors with the best of both worlds, allowing them to benefit from Pepe Unchained's lightning-quick speeds while leveraging Ethereum's proven security.
In a recent video, prominent YouTuber Jacob Crypto Bury suggested that PEPU has the potential for a 100x return on investment after its launch.
Early Investors Reap High Rewards
In addition to PEPU's speculative growth potential, investors who purchase the meme coin during its ongoing ICO phase are offered a substantial 503% APY. This could be a significant reason why the project has already raised over $3.7 million through its presale.
To access these rewards, investors can use the straightforward buy widget on Pepe Unchained's website to acquire the token. Selling for $0.0084598, the token can be purchased using ETH, USDT, BNB, or a bank card. Once purchased, the PEPU tokens must be locked up via the website's staking page.
Investors should act quickly, as the meme coin's price is scheduled to increase in less than two days.
Purchase and stake PEPU here before its price increases.
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