Pepe

PEPE

The Pepe price plunged 13% in the last 24 hours <a href="https://www.geckoterminal.com/eth/pools/0xa43fe16908251ee70ef74718545e4fe6c5ccec9f" rel="noopener noreferrer nofollow">to trade at $0.000008395</a> as of 00:40 a.m. EST on trading volume that surged 12% to $757 million.
This comes as the entire crypto market continues to drop, recording a 3% drop in the last 24 hours to a $2.04 trillion market capitalization.
<h2 id="span-style-font-weight-400-pepe-price-set-for-a-rebound-over-the-falling-channel-span">Pepe Price Set For A Rebound Over The Falling Channel</h2>
<figure id="attachment_544424" aria-describedby="caption-attachment-544424" style="width: 100%" class="wp-caption alignnone"><img decoding="async" class="size-full wp-image-544424" src="https://insidebitcoins.com/wp-content/uploads/2024/07/PEPE_2024-07-08_07-40-21.png" alt="Pepe Price Chart Analysis Source: GeckoTerminal.com" width="1113" height="488" srcset="https://insidebitcoins.com/wp-content/uploads/2024/07/PEPE_2024-07-08_07-40-21.png 1113w, https://insidebitcoins.com/wp-content/uploads/2024/07/PEPE_2024-07-08_07-40-21-300x132.png 300w, https://insidebitcoins.com/wp-content/uploads/2024/07/PEPE_2024-07-08_07-40-21-1024x449.png 1024w, https://insidebitcoins.com/wp-content/uploads/2024/07/PEPE_2024-07-08_07-40-21-768x337.png 768w" sizes="(max-width: 1113px) 100vw, 1113px">
 <figcaption id="caption-attachment-544424" class="wp-caption-text">
 PEPEUSD Chart Analysis Source: GeckoTerminal.com
 </figcaption>
</figure>
The Pepe price has been on a downtrend after hitting an all-time high of $0.00001717 and hitting a market capitalization of $6.8 billion, according to data from <a href="https://www.geckoterminal.com/eth/pools/0xa43fe16908251ee70ef74718545e4fe6c5ccec9f" rel="noopener noreferrer nofollow">GeckoTerminal</a>.
The death cross around $0.0000129 allowed the bears to exert more pressure, pushing the price of Pepe along the falling channel pattern.
PEPE still trades below both the 50-day and 200-day Simple Moving Averages (SMAs), which confirms the sustained downtrend along the falling channel.
Moreover, the Relative Strength Index (RSI) is dropping as it hurtles toward the 30-oversold level. This is an indication that sellers continue to sell massively.
If the bears continue to sell, the price of Pepe may drop further to $0.000007233, which acts as a cushion against downward pressure.
However, with the RSI dropping towards the 30-oversold level, investors may start accumulating as the token is now highly undervalued. In a scenario where the bulls may prompt a buyback, the token may rebound over the channel, as the bulls target a new ATH at $0.0000173, after breaching the immediate resistance levels at $0.000001009 and $0.00001167.
Amid the crypto crash, some PEPE investors are pivoting to a new Pepe upgrade called <a href="https://insidebitcoins.com/visit/pepeunchained" rel="noopener noreferrer nofollow">Pepe Unchained (PEPU)</a>, which has raised over $2.7 million in funding in a little more than two weeks.
<h2 id="span-style-font-weight-400-pepe-unchained-raises-over-2-7-million-best-pepe-alternative-to-buy-now-span">Pepe Unchained Raises Over $2.7 Million – Best PEPE Alternative To Buy Now?</h2>
Since its inception last year, Pepe has provided stratospheric returns for investors. Despite that, Pepe is built on the Ethereum blockchain, which is often handicapped by network delays and rising gas fees.
Enter <a href="https://insidebitcoins.com/visit/pepeunchained" rel="noopener noreferrer nofollow">Pepe Unchained</a>, a PEPE 2.0 meme coin that is helping free PEPE from his old, clunky blockchain to embrace the future. That’s because PEPU will run on its own proprietary Ethereum Layer 2 blockchain.&nbsp;
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 Who needs some Brain Powder?
 Pepe is gearing up for the official launch of his very own blockchain! 🚀 <a href="https://t.co/kZC72UmxFy" rel="noopener noreferrer nofollow">pic.twitter.com/kZC72UmxFy</a>
 — Pepe Unchained (@pepe_unchained) <a href="https://twitter.com/pepe_unchained/status/1803856656704618843?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">June 20, 2024</a>
</blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
As a result, the project will finally tackle the scalability, speed, and efficiency issues that often plague meme coins that are built on the Ethereum Layer-1 blockchain.
$PEPU holders can also earn passively through <a href="https://insidebitcoins.com/visit/pepeunchained" rel="noopener noreferrer nofollow">the platform’s staking system</a>, which offers an annual percentage yield (APY) of 694%.
According to 99Bitcoins, a prominent crypto channel on YouTube, $PEPU is one of the best cryptos to buy now. It adds that the token could potentially soar 100X after its launch.
<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>
You can buy $PEPU tokens for $0.0083258 each. With a price hike coming in less than two days, buy soon to lock in the best deal.
To join the presale, <a href="https://insidebitcoins.com/visit/pepeunchained" rel="noopener noreferrer nofollow">buy $PEPU from the official website here</a> using ETH, USDT, or a bank card.
<h2 id="span-style-font-weight-400-related-news-span">Related News</h2>
<ul>
 <li style="font-weight: 400;"><a href="https://www.linkedin.com/pulse/5-top-crypto-presales-2024-unveiling-most-anticipated-calsona-gxcce/" rel="noopener noreferrer nofollow">5 Top Crypto Presales 2024: Unveiling the Most Anticipated Opportunities! 🚀💰</a></li>
 <li style="font-weight: 400;"><a href="https://www.linkedin.com/pulse/best-crypto-buy-now-2024-top-picks-explosive-growth-calsona-6bnie" rel="noopener noreferrer nofollow">Best Crypto to Buy Now (2024): Top Picks for Explosive Growth! 🚀💸</a></li>
 <li style="font-weight: 400;"><a href="https://insidebitcoins.com/cryptocurrency-price/bitcoin-price/" rel="noopener noreferrer nofollow">Bitcoin (BTC) Price &amp; Future Predictions</a></li>
</ul>

The Pepe Price Plunges 13%, But Experts Say Consider This Layer-2 Alternative For Parabolic Gains

Mục lục

Inside Bitcoins

Các bài viết khác được xuất bản trên 8 thg 7, 2024

EtherFi Foundation Buys ETHFI, Passes Major Staking Proposal On Ethereum Mainnet

Bitcoin Network Experiences Second-Largest Difficulty Reduction of 2024

Korean banker arrested for $15m loan scheme, crypto spending: report

Spot Ethereum ETFs Could Launch In A Week Or Two, Says ETF Analyst Nate Geraci: 'How Quickly Will...

Peter Schiff Labels Bitcoin ETF Investors as “Dumb Money”

Bybit Lists Hamster Kombat Token for Pre-Market Trading

Tham gia bản tin miễn phí của chúng tôi để cập nhật tin tức về tiền điện tử hàng ngày!