Pepe Coin

Pepe

Coin

<img src="https://cdn.thebittimes.com/images/2023/09/23/1695481307.webp" alt="" width="800" height="588"> 
As the rest of the market struggles, Pepe Coin has pumped as high as 15% on Friday Currently, the project is trading at $0.0000006752 after peaking at $0.0000007326 earlier today. 
Interest in Pepe has significantly soared in this time, with trading volume increasing by 383% in 24 hours. 
Although the token has since pulled back, now up just 1% over the last day, a newly launched P2E meme coin, Meme Kombat, is nearing $50K in its presale as excitement brews due to its compelling use case and 112% APY staking mechanism. 
<h2 id="strong-pepe-coin-recovers-weekly-losses-but-struggles-at-critical-level-strong">Pepe Coin Recovers Weekly Losses But Struggles at Critical Level</h2> 
After <a href="https://twitter.com/pepecoineth/status/1695267128428114005" target="_blank" rel="noopener noreferrer nofollow">$15 million worth of Pepe tokens were reportedly stolen</a> by ex-Pepe team members in August, the project has experienced significant sell pressure.&nbsp; 
As such, its price is down 35% in the last month. The selling pressure continued throughout the past week, but the recent pump enabled Pepe to recover its weekly losses, currently up 1.75% in the last seven days. 
Pepe’s recent massive spike in trading volume has caused its price to push past the $0.0000006985 resistance level that it has traded below since 12 September. However, after climbing over 15% in 24 hours, the price has retraced slightly, dropping below the $0.0000006985 level again. 
Considering the recent scandal's impact on Pepe’s community sentiment, holding the $0.0000006985 level is critical to prevent continued downside movement. 
<img src="https://cdn.thebittimes.com/images/2023/09/23/1695481357.webp" alt="" width="800" height="330"> 
As seen on the Pepe price chart above, the price is pushing towards the resistance level but has been met with strong selling pressure. This is a crucial zone to watch since a rejection may spell a move to $0.000006 or lower. 
Experts are split on whether the recent pump signals a trend reversal or if it is a mere dead cat bounce before a downtrend continuation. <a href="https://twitter.com/wealthtransfer5/status/1705265272838357169" target="_blank" rel="noopener noreferrer nofollow">Wealthtransfer5</a> noted that Pepe is trading at a long-term support, forecasting that holding this level could spell massive upside potential. 
<img src="https://cdn.thebittimes.com/images/2023/09/23/1695481393.webp" alt="" width="720" height="812"> 
Meanwhile, <a href="https://twitter.com/Nebraskangooner/status/1704209653473710499" target="_blank" rel="noopener noreferrer nofollow">Nebraskangooner</a> believes buyers would be better off waiting for a further downside movement before purchasing Pepe. While the tweet was posted before the recent pump, the current Pepe price does not invalidate the thesis since it remains in a downtrend on the higher-time frame charts. 
<img src="https://cdn.thebittimes.com/images/2023/09/23/1695481417.webp" alt="" width="720" height="812"> 
Interestingly, other Pepe-related tokens are also pumping, with a <a href="https://www.dextools.io/app/en/ether/pair-explorer/0x647b364ee561b8a00245d724309b9fa5c72fa65c" target="_blank" rel="noopener noreferrer nofollow">Pepe copycat</a> pumping 100% in the last 24 hours. 
Considering these factors, Pepe’s future remains uncertain. While the Pepe pump spells hope for the community, the recent insider exploit has significantly tarnished Pepe’s reputation. 
With that in mind, traders may be better poised to identify new alternatives with higher upside potential. 
<h2 id="strong-new-p2e-token-meme-kombat-offers-112-staking-apy-nears-50k-raised-on-presale-strong">New P2E Token Meme Kombat Offers 112% Staking APY &amp; Nears $50k Raised on Presale</h2> 
One of the most significant issues regarding Pepe’s recent controversy is that its team is fully anonymous, so the actual events of the pulled funds remain unknown.&nbsp; 
One better alternative is the new Play-to-Earn token <a href="https://bs_c30ba855.cryptofinance.care/?referrer=pepe-price-pumps-11-as-related-tokens-also-surge-while-meme-kombat-nears-$50k-for-112-apy-staking-project" target="_blank" rel="noopener noreferrer nofollow">Meme Kombat</a> ($MK), which boasts a doxxed team and massive potential for users to earn crypto. 
<img src="https://cdn.thebittimes.com/images/2023/09/23/1695481451.webp" alt="" width="800" height="365"> 
The project is currently in its presale and has raised almost $50K within its first 48 hours.&nbsp; 
Meme Kombat is a P2E game where users can bet on the outcome of battles between in-game characters. Users can go head-to-head, wagering bets against one another or bet against the computer, with a dynamic range of betting options to choose from.&nbsp; 
It provides traditional betting mechanics to deliver a realistic gambling experience with pre-calculated odds. 
Additionally, users can stake their $MK tokens to earn a whopping 112% annual rewards. Furthermore, presale investors can begin staking immediately, enabling them to compound their gains early. 
There are 12,000,000 tokens in total, with 50% available in the presale, 30% allocated to staking rewards, 10% to exchange liquidity, and 10% to community rewards. The tokenomics were designed to optimize price stability, long-term holding, and community participation. 
Meme Kombat is looking to raise $1m during its ICO. 
<a href="https://bs_c30ba855.cryptofinance.care/?referrer=pepe-price-pumps-11-as-related-tokens-also-surge-while-meme-kombat-nears-$50k-for-112-apy-staking-project" target="_blank" rel="noopener noreferrer nofollow">Visit Meme Kombat Presale</a> 
Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/pepe-coin-price-retraces-after-pump-while-meme-kombat-nears-50k-for-112-apy-staking-project-tbt63801.html">https://thebittimes.com/pepe-coin-price-retraces-after-pump-while-meme-kombat-nears-50k-for-112-apy-staking-project-tbt63801.html</a>

Pepe Coin Price Retraces After Pump, While Meme Kombat Nears $50K for 112% APY Staking Project

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