Pepe Price Now Up 60% In a Week, How High Will It Go as Meme Kombat Hits $880k
Release: 2023/10/31 06:02 Reading: 726
The post Pepe Price Now Up 60% In a Week, How High Will It Go as Meme Kombat Hits $880k appeared first on Coinpedia Fintech News
Pepe (PEPE) has experienced an impressive 60% increase in price over the last week, making it the leading cryptocurrency gainer on CoinMarketCap's rankings. This surge coincides with a larger market rally fueled by speculation regarding the approval of a spot Bitcoin ETF. As meme coins regain popularity, smaller projects like gaming cryptocurrency Meme Kombat (MK) are also reaping the benefits. In fact, MK has successfully raised $880,000 during its presale event, which was available for a limited time.
Pepe Soars 60% in a Week as Investors Eye Further Upside
PEPE is currently being traded at approximately the $0.0000012 mark, with two consecutive weeks of optimistic closing prices.
PEPE has experienced a significant surge of 60% since the beginning of last week, making it the most impressive week for the cryptocurrency since the bullish market trend in June.
On the daily timeframe, PEPE has exceeded its 50-day Exponential Moving Average (EMA), indicating a shift towards a bullish medium-term trend.
PEPE has successfully surpassed the resistance zone at $0.0000010, which is an important psychological level that previously hindered any upward progress.
This significant development indicates that traders are feeling more optimistic and it may signal the beginning of a surge towards the highs of July.
In order to sustain its positive momentum, PEPE must successfully surpass the resistance level of $0.00000135.
On Thursday, the price tested this region before experiencing an 18% decline in the subsequent days, suggesting a significant presence of sell orders at this particular level.
PEPE Price Outlook Remains Bullish Thanks To Token Burn & New Advisory Team
With PEPE's recent impressive performance, traders are curious about the potential upper limit of this meme coin.
There are various factors that will impact its path, one of which is the token's potential to surpass the resistance level mentioned earlier at $0.00000135.
If there is a powerful surge beyond this level, backed by substantial trading activity, it could trigger additional gains.
Furthermore, the performance of cryptocurrencies can be influenced by macroeconomic conditions and the prevailing market sentiment.
Currently, the Crypto Fear & Greed Index is sitting at 68 – firmly in “Greed” territory.
If this optimistic attitude persists, it may act as a favorable factor that propels PEPE to reach higher levels in the upcoming weeks.
The recent token burn of 6.9 trillion PEPE, which totaled $5.5 million, has had a notable effect on the market dynamics of the coin.
This has coincided with the introduction of a new advisory team, which marks a forward-looking shift in PEPE’s strategy.
The combination of these factors creates an optimistic outlook for the future of PEPE, and it is not unreasonable to consider a price target of $0.0000020 by the end of 2023.
In case PEPE returns to this level, it will indicate an additional increase of 67% from the current price.
Meme Kombat Presale Generates Excitement & Attracts $880k as Launch Nears
Alongside PEPE, the newly launched meme coin Meme Kombat (MK) is also generating buzz as the next big thing in the space.
MK brings together the realms of memes and battle arenas, enabling players to place bets on AI-driven battles featuring renowned meme mascots.
The results of these battles will be determined on the Ethereum blockchain, guaranteeing fair outcomes that can be verified.
As the anticipation for the official launch of the platform builds up, Meme Kombat's team has managed to accumulate more than $880,000 in their current presale.
Investors can buy MK tokens through the presale and obtain staking rewards of 112% annual percentage yield (APY) – with 30% of the total token supply set aside to fund these rewards.
To ensure smooth trading and price stability upon exchange listings, a crucial aspect for new tokens, an extra 10% of the token supply is designated for providing liquidity on decentralized exchanges (DEX).
Influential crypto analysts like Michael Wrubel are bullish on MK, pointing to its dual-earning approach as a key differentiator that allows investors to accumulate tokens via both staking and betting.
Ultimately, all signs point to an exciting trajectory for Meme Kombat in the remaining weeks of 2023 and beyond.
Prospective investors can buy MK tokens through the presale for $0.1667 – although this price will only be available for two more days before increasing.
Recent news
More>- President Donald (PRESDON) Will Explode Over 15,000% Before Exchange Listings, While Shiba Inu and Dogecoin Lag 11-24
- Dogecoin Price Prediction for Today, November 23 – DOGE Technical Analysis 11-24
- Dogecoin Price Prediction for Today, November 23 – DOGE Technical Analysis 11-24
- Dogecoin (DOGE) Surges 19% as Hash Rate Hits Record High 11-24
- Solana Hits New ATH, As Pepe Surges 30% Amid Bull Market, Crypto Traders Eye New Meme Coin Going Viral After Video Release 11-24
- Dogecoin (DOGE) Bullish Streak is Awakening Shiba Inu (SHIB) Bulls: What’s Next? 11-24
- Top Meme Coins for December 2024: 5 Picks to Buy Before They Take Off! 11-23
- XRP Price Prediction: XRP Pumps 67% In A Week As Gary Gensler Plans SEC Exit, While Whales Swoop On Pepe Unchained Presale 11-23
- What’s Next for Crypto After Bitcoin Take $100k Price Level? Catzilla Coin Among 3 Altcoins Poised for Big Moves 11-23
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