Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn
Pepe Price Prediction: PEPE Plunges 9%, But New Rival Pepe Unchained Roars Past $18 Million In Presale

Pepe Price Prediction: PEPE Plunges 9%, But New Rival Pepe Unchained Roars Past $18 Million In Presale

InsidebitcoinInsidebitcoin2024/10/08 17:39
By:Insidebitcoin

The Pepe price plunged 10% in the last 24 hours to trade at $0.000009609 as of 5 a.m. EST on trading volume that surged 10% to $1.23 billion.

Pepe Price Prediction

Despite the recent price drop that Pepe experienced, some technical indicators suggest that the meme coin could soon see a recovery. Right now, it is difficult to say how big of a recovery it will be, as the wider market sentiment definitely has a say regarding the token’s performance, but PEPE could bounce back up to an extent.

Its Bollinger bands have started widening again and the price has stepped away from the lower band, approaching the middle point between the two lines. This is already a positive turn of events, as the price previously pushed the lower band down. Now, if the bulls manage to take over the market, the price could go from the neutral area between the two bands to pushing the upper band, which would be the most bullish outcome.

Pepe Price Prediction: PEPE Plunges 9%, But New Rival Pepe Unchained Roars Past $18 Million In Presale image 0 Pepe Price Prediction: PEPE Plunges 9%, But New Rival Pepe Unchained Roars Past $18 Million In Presale image 1

Then, there is the project’s Relative Strength Index (RSI) value, which recently dropped from the neutral zone to the oversold area, suggesting that traders were selling as the price of PEPE and other major cryptos continued to correct. However, as soon as the RSI dropped to the oversold zone at the value of 28.75, some of the traders moved in to buy the dip.

This increased demand, and the RSI started to climb back up, currently at 40.91. While this is still slightly below the true neutral value at 50, it still suggests that there are some willing to buy while PEPE sits at this low point, even if only for day trading purposes.

For the moment, it doesn’t seem like the market will be swept away by the bullish rally in the short term, but with Pepe closely following Bitcoin’s lead, it is unlikely that it will break away without a powerful catalyst.

Promising Alternative to Pepe

While Pepe’s performance is currently somewhat underwhelming, investors looking for more promising opportunities don’t need to look far. One of Pepe’s newest alternatives, known as Pepe Unchained (PEPU), is already one of the most successful ICOs of the year.

The project stands out from both Pepe and its other alternatives because it is the first meme coin inspired by the Pepe meme to develop its own blockchain. Pepe Unchained will go live on its own L2 chain, developed to help it overcome the issues of its peers, including the OG Pepe.

The original runs on Ethereum’s network as an ERC-20 token and, as such, it is hampered by Ethereum’s low scalability, slow transactions, and expensive fees.

Pepe Unchained resolves all of these issues with a more scalable Layer-2 blockchain of its own, and it developed additional tools and features, such as its own DEX, its own block explorer, and more.

Crypto YouTuber Austin Hilton, with more than 275k subscribers, says Pepe Unchained is “The Biggest Meme Coin Presale Launch – Ever!”

The project’s ICO has just blasted past a stratospheric $18 million raised, and counting.

It is not too late for you to join. The token can be bought with ETH, USDT, BNB, or credit/debit cards for $0.00994. With a price hike coming in less than 2 days, buy soon to secure the best deal.

Visit the official PEPU website here.

Related Articles:

  • How to Buy Pepe Unchained – $PEPU Presale Review
  • Pepe Unchained ($PEPU) Presale Blasts Past $9 Million As $PEPE And Layer 2 Activity Skyrocket
  • Layer 2 Meme Coin Pepe Unchained Hurtles Past $15 Million In Presale
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

Wall Street remains bullish as S&P 500 maintains double-digit expected returns in 2025

Share link:In this post: Wall Street nearly unanimously anticipates double-digit gains for the S&P 500 in 2025. Today, the S&P 500 reclaimed the pivotal $6K level after adding almost $900B in market cap in 2025. FactSet data showed that the S&P 500 was expected to rise by 14% in 2025 following a surge in U.S. stocks last year.

Cryptopolitan2025/01/07 13:44

US stock market’s concentration hits all-time high. Is that a problem for crypto?

Share link:In this post: Just 26 stocks now control half the S&P 500’s value, with tech giants like Nvidia leading the pack. The stock market’s extreme concentration is making diversification feel like a joke. Bitcoin is showing signs of breaking free from its historical link to US stocks, climbing 10% to $102,000.

Cryptopolitan2025/01/07 13:44

TRM Labs exec likens excitement about crypto under Trump to ‘space race’ hype

TRM Labs head of legal and government affairs Ari Redbord said a Strategic Bitcoin Reserve could boost the value of BTC and trigger a global trend.

CryptoSlate2025/01/07 13:11