Pepe

Coin

<p>The Pepe price has plunged 7% in the last seven days and 2% in the past 24 hours to trade for $0.000009107 as of 00:15 a.m. EST on trading volume that slumped 10%.</p>
<p>Meme coins, often driven by broader market sentiment, continue to bleed as the Bitcoin price mark times in the $57,000 range. But some traders remain optimistic, anticipating a recovery, particularly for big market capitalization meme coins like PEPE.</p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <p lang="en" dir="ltr">It's next to impossible to make money with hot new tokens. Just holding <a href="https://twitter.com/search?q=%24PEPE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$PEPE</a> has the best risk/return. <a href="https://t.co/zENTf8dMkX" rel="noopener noreferrer nofollow">pic.twitter.com/zENTf8dMkX</a></p>
 <p>— Plazma (@Plazma0x) <a href="https://twitter.com/Plazma0x/status/1811165811450548624?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 10, 2024</a></p>
</blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<h2 id="pepe-price-prediction">Pepe Price Prediction</h2>
<p>The Pepe price is trading with a bearish bias, confined within a descending parallel channel with prospects for further losses, at least for the short term. As long as the frog-themed token remains within the confines of this bearish technical formation, token holders can expect further losses.</p>
<p>A close look shows that the Pepe price is confronting immediate resistance due to the centerline of the channel. Selling pressure from this supplier congestion level appears to be overpowering buying pressure.</p>
<p>The Relative Strength Index (RSI) shows this as it is subdued below the mean level of 50. In the same way, the Moving Average Convergence Divergence (MACD) indicator remains suppressed below the foothold of the signal line (orange band).</p>
<p>Given these conditions, the PEPE market sentiment is leaning more towards selling or a downtrend in the short term. Traders may want to exercise caution or consider potential short positions until there is a clear indication of a reversal or a bullish breakout above the resistance level.</p>
<p>A rejection from the centerline could see the Pepe price drop to test the 78.6% Fibonacci retracement level at $0.000006960. In a dire case, the slump could extrapolate for the frog-themed token’s market value to retest the depths of $0.000004159, levels last seen in mid-April.</p>
<p><a href="https://insidebitcoins.com/wp-content/uploads/2024/07/PPP.png" rel="noopener noreferrer nofollow"><img decoding="async" class="aligncenter wp-image-548038 size-full" src="https://insidebitcoins.com/wp-content/uploads/2024/07/PPP.png" alt="PEPE" width="1366" height="768" srcset="https://insidebitcoins.com/wp-content/uploads/2024/07/PPP.png 1366w, https://insidebitcoins.com/wp-content/uploads/2024/07/PPP-300x169.png 300w, https://insidebitcoins.com/wp-content/uploads/2024/07/PPP-1024x576.png 1024w, https://insidebitcoins.com/wp-content/uploads/2024/07/PPP-768x432.png 768w" sizes="(max-width: 1366px) 100vw, 1366px"></a></p>
<p><a href="https://www.geckoterminal.com/eth/pools/0x11950d141ecb863f01007add7d1a342041227b58" target="_blank" rel="noopener noreferrer nofollow">GeckoTerminal: PEPE/USD 1-day chart</a></p>
<h4>Converse Case</h4>
<p>On the other hand, bulls could manage to overcome resistance due to the centerline of the channel if bulling momentum increases. In such a case, a stable candlestick close above the 61.8% Fibonacci retracement level of $0.000009159 would encourage more buy orders.</p>
<p>In a highly bullish case, the gains could extend further north for the price to flip the 50% Fibonacci placeholder into support above the $0.000010704 level. A decisive candlestick close above this level on the one-day timeframe would be an ideal entry for long positions.</p>
<p>Meanwhile, as the Pepe price dumps, the Pepe Unchained (PEPU) presale continues on a parabolic trajectory with more than $3.1 million raised.</p>
<p><span style="background-color: var(--bs-body-bg); color: var(--bs-body-color); font-family: var(--bs-body-font-family); font-size: var(--bs-body-font-size); font-weight: var(--bs-body-font-weight); text-align: var(--bs-body-text-align);">YouTube channel 99Bitcoins, boasting over 705K subscribers, highlights PEPU as one of the best cryptos to buy now, saying it has the potential to soar 100X after its launch.</span></p>
<p><iframe title="Next 3 100X Potential Crypto to Buy Now?! (BIG POTENTIAL!)" width="640" height="360" src="https://www.youtube.com/embed/nY8nlmVJiww?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe></p>
<h2 id="promising-alternative-to-pepe">Promising Alternative To Pepe</h2>
<p><a href="https://insidebitcoins.com/visit/pepeunchained" target="_blank" rel="noopener noreferrer nofollow">Pepe Unchained</a> is a meme coin project following in the footsteps of its predecessor, the crypto titan Pepe.</p>
<p>PEPU is taking the sector by storm, not least because it’s the first Pepe derivative to run on its own proprietary Ethereum Layer 2 blockchain. This positions Pepe Unchained to address the scalability, speed, and efficiency issues that often plague meme coins running on the Ethereum Layer-1 blockchain.</p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <p lang="en" dir="ltr">Pepe has broken his chains with his own layer 2 blockchain solution:</p>
 <p>🧠 Instant bridging between ETH and Pepe Chain<br>🧠 Lowest transaction fees<br>🧠 100x faster transaction speeds compared to ETH<br>🧠 Dedicated Block Explorer</p>
 <p>Join the future with Pepe Unchained! ⛓️🐸 <a href="https://t.co/hluCsuV1Xz" rel="noopener noreferrer nofollow">pic.twitter.com/hluCsuV1Xz</a></p>
 <p>— Pepe Unchained (@pepe_unchained) <a href="https://twitter.com/pepe_unchained/status/1807818902686388616?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 1, 2024</a></p>
</blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<p>As a Layer-2 (L2) blockchain meme coin, Pepe Unchained will allow investors to seize market opportunities with greater efficiency.</p>
<p>PEPU holders also can stake their tokens for an annual percentage yield (APY) of 596%. Take note, however, that these rewards reduce as more investors stake their tokens, so buy and stake PEPU early to secure the best deal.</p>
<p><a href="https://insidebitcoins.com/wp-content/uploads/2024/07/PEPU-ST.png" rel="noopener noreferrer nofollow"><img decoding="async" class="alignnone wp-image-548051 size-full" src="https://insidebitcoins.com/wp-content/uploads/2024/07/PEPU-ST.png" alt="Stake PEPEU" width="1325" height="228" srcset="https://insidebitcoins.com/wp-content/uploads/2024/07/PEPU-ST.png 1325w, https://insidebitcoins.com/wp-content/uploads/2024/07/PEPU-ST-300x52.png 300w, https://insidebitcoins.com/wp-content/uploads/2024/07/PEPU-ST-1024x176.png 1024w, https://insidebitcoins.com/wp-content/uploads/2024/07/PEPU-ST-768x132.png 768w" sizes="(max-width: 1325px) 100vw, 1325px"></a></p>
<p>The distribution of $PEPU token rewards will occur at a rate of 608.82 $PEPU tokens per ETH block. These rewards will be disbursed over 2 years and will be claimable once the token launches.</p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <p lang="en" dir="ltr">Another chain broken!</p>
 <p>Pepe officially hits $3M! Thank you for the incredible support. The journey is just beginning. 🐸🚀 <a href="https://t.co/yySoWoXaCa" rel="noopener noreferrer nofollow">pic.twitter.com/yySoWoXaCa</a></p>
 <p>— Pepe Unchained (@pepe_unchained) <a href="https://twitter.com/pepe_unchained/status/1810971162928882059?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 10, 2024</a></p>
</blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<p>You can <a href="https://insidebitcoins.com/buy-cryptocurrency/how-to-buy-pepe-unchained" target="_blank" rel="noopener noreferrer nofollow">buy $PEPU tokens</a> for $0.0083591 each. With a price hike coming in a little more than 18 hours, buy soon to lock in the best deal.</p>
<p><a href="https://insidebitcoins.com/visit/pepeunchained" target="_blank" rel="noopener noreferrer nofollow">Visit and buy Pepe Unchained here</a>.</p>
<h3 id="also-read">Also Read:</h3>
<ul>
 <li><a href="https://insidebitcoins.com/news/meme-coin-whales-gobble-up-pepe-unchained-pepu-as-ico-rockets-past-500000" rel="noopener noreferrer nofollow">Meme Coin Whales Gobble Up Pepe Unchained ($PEPU) As ICO Rockets Past $500,000</a></li>
 <li><a href="https://insidebitcoins.com/news/pepe-unchained-ico-explodes-with-150k-raised-in-minutes-new-layer-2-meme-coin-to-watch" rel="noopener noreferrer nofollow">Pepe Unchained ICO Explodes With $150K Raised In Minutes, New Layer 2 Meme Coin To Watch</a></li>
 <li><a href="https://insidebitcoins.com/news/should-investors-buy-bitcoin-btc-this-week-or-pepe-unchained-pepu" rel="noopener noreferrer nofollow">Should Investors Buy Bitcoin (BTC) This Week Or Pepe Unchained (PEPU)</a></li>
 <li><a href="https://insidebitcoins.com/buy-cryptocurrency/how-to-buy-pepe-unchained" rel="noopener noreferrer nofollow">How to Buy Pepe Unchained – $PEPU Presale Review&nbsp;</a></li>
 <li><a href="https://www.linkedin.com/pulse/what-crypto-presale-quick-guide-getting-ground-floor-new-calsona-mwpve" rel="noopener noreferrer nofollow">What is a Crypto Presale? A Quick Guide to Getting in on the Ground Floor of New Cryptocurrencies!</a></li>
</ul>

Pepe Price Plunges 7% In A Week As Traders Pivot To This Layer-2 Derivative And Its 596% APY

Table of Contents

Inside Bitcoins

Other articles published on Jul 11, 2024

MOONHOP, the Best Crypto Presale 2024 Enters the Market Amidst Cardano's Nike Reveal & JasmyCoin'...

Best Upcoming Airdrops 2024

Economist Predicts 90% Chance Bitcoin Hits New High By March 2025

JP Morgan Changed Interest Expectations After Inflation Data!

Global Cryptocurrency Market Sees Significant Growth in Recent Years

July 2024’s Crypto Projects with the Highest Growth

Join our free newsletter for daily crypto updates!