Pepe Price Soars 35% In A Week As Experts Say This Chain-Travelling Dogecoin Derivative Might Be The Best Meme Coin To Buy Now
Release: 2024/05/23 20:49 Reading: 773
Pepe Price Surge
The Pepe price has experienced a 3% increase in the past 24 hours and a 35% surge in the past week, reaching $0.00001449 as of 03:48 a.m. EST. This surge follows a 30% decline in trading volume.
The rise in Pepe's value comes after it achieved a new all-time high of $0.00001470, coinciding with a buoyant crypto market and rising expectations of an imminent approval for spot Ethereum ETFs (exchange-traded funds).
Pepe Price Prediction
Pepe's price movement on the one-day timeframe exhibits a bullish bias, having broken out above an ascending parallel channel. The potential for further gains remains as long as the Relative Strength Index (RSI) stays above the mean level of 50.
The Moving Average Convergence Divergence (MACD) is also above the orange band of the signal line, indicating a bullish sign in technical analysis. The MACD line remaining above the signal line suggests that the momentum favors the upside and is robust.
Traders often interpret this as a buying signal, indicating that the price may continue to rise in the near term. The histograms of the MACD are also displaying green in positive territory, reinforcing the bullish outlook for Pepe's price.
Increased buying pressure could drive Pepe's price above its peak of $0.00001470, establishing a new all-time high.
Alternative to Pepe: DOGEVERSE
Some experts suggest that DOGEVERSE, a chain-traveling Dogecoin derivative, may be a viable alternative investment. Crypto analyst and YouTuber Jacob Bury believes the token has potential for a 100X return after its listing.
About DOGEVERSE
The DOGEVERSE token powers the Dogeverse ecosystem, a pioneering force in the crypto universe. It is the first meme coin to launch on the six most popular blockchains, including Bitcoin. It is known as "The World's First Chain Traveling Doge."
The project operates on Ethereum, BNB, Polygon, Solana, Avalanche, and Base chains. While multi-chain cryptos exist, none are as extensive and interconnected as Dogeverse. Its presence on Ethereum positions it to benefit from a potential ETH ETF approval.
The multichain operational dynamics provide users with enhanced flexibility, allowing seamless token transfers across networks. It also minimizes transaction fees.
The multichain ecosystem also grants access to a broader user base and unlocks unique functionalities inherent to each blockchain.
Value Proposition
Users can easily explore various DeFi applications, NFT marketplaces, and other innovations, utilizing their $DOGEVERSE tokens.
DOGEVERSE is currently trading at $0.00031 after raising over $15 million. The developer is offering a limited-time opportunity to purchase the token, so interested individuals should act promptly.
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