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Since its launch in April 2023, Pepe Coin has become investors’ favorite due to its remarkable price rallies in the first trading month. However, despite PEPE’s roller-coaster price surge, the token saw days of a bearish outlook. The token’s performance over the past seven days is just the tip of the iceberg compared to the losses it recorded in its short period of existence.

As of the time of writing, Pepe Coin’s price changes hands at $0.0000015, with a 5% 24-hour increase. Despite the massive rallies, Pepe Coin’s price consolidates between $0.000001 and $0.0000015. This could leave investors wondering why the meme coin has yet to conquer this consolidation point.

What is Pepe Coin?

Launched on Ethereum, Pepe Coin is a deflationary meme coin created as a tribute to Matt Furie’s famous Pepe the Frog internet meme. Pepe Coin prides itself as the “most memeable meme coin in existence.”

The project leverages the popularity and virality of meme coins like DOGE and Shiba Inu to establish itself among the forerunners of the meme crypto community.

The project’s no-tax policy that rewards long-term stakers appeals to investors. Moreover, PEPE’s burn mechanism maintains the meme coin’s scarcity, triggering massive price rallies at intervals. Again, these rallies attract more investors to the three-month-old meme coin.

Pepe Coin’s Price Performance In the Last Month

Pepe Coin stormed the market, surprising participants with disruptive price movements in its first few days of launch. The token surpassed its $1 billion market capitalization within a short span of days, surging by over 7,000% in only 17 days.

April was an incredible month for PEPE, as it became the most searched meme coin. Pepe Coin’s Google Trend score rose from three to 100 from the week of its launch to May 15.

The meme coin continued to surge in price, with the major contributing factor being its listing on several exchanges, including Binance, KuCoin, Uniswap, OKX, Huobi, MEXC, and Gate.io.

Considering PEPE’s unexpected popularity and massive price entry, crypto investors and meme enthusiasts have every reason to consider investing in the meme coin.

A look at PEPE’s historical price data confirms the milestones it achieved in the past weeks. The token has secured a place among top coins, often topping charts weekly with incredible price moves.

On May 5, Pepe reached an all-time high of $0.000004354 before a major correction slumped its price below $0.000001 in June.

As of June 11, Pepe Coin traded at approximately $0.00000092. However, with a bullish recovery, consistent rallies, and a few pullbacks here and there, PEPE overcame the $0.0000009 resistance and climbed to $0.000001 on June 16.

PEPE didn’t stop there but kept rising with bullish momentum, hitting $0.00000183 on July 3. Pepe Coin has gained 62.25% in the past 30 trading days.

But despite the rallies triggered by bullish investor sentiment on PEPE, it has not been able to retrace back to the May 5 all-time high. PEPE has lost 12.94% of its valuation over the past seven days. And as of the time of writing, PEPE trades at $0.00000152, with a 3.28% price increase.

Are any Ecosystem Developments Influencing Pepe Coin’s Price Movements?

The Pepe Coin community has introduced a new AI-based decentralized layer1 infrastructure that allows PEPE holders to stake their Pepe coin and earn $BASED tokens in return.

The Pepe coin ecosystem works with a deflationary mechanism in which the community burns a small percentage of tokens with each transaction. This helps to create scarcity and increase the token’s value at intervals.

Besides these, Pepe Coin is a valueless meme coin with no real-world utility and only thrives on the popularity of other meme coins. Pepe Coin remains purely for entertainment and has no ecosystem developments pushing its price.

Pepe’s Price Outlook Based on Technical Indicators

PEPE is trading below the Simple Moving Average (SMAs) indicators, with a few pips below its 50-Day SMA. While this is short and long-term bearish market sentiment, the coin forms a green candlestick on the chart, suggesting potential rallies amid the bearish momentum.

However, considering the price weakness on the inverted SMA indicator, PEPE could enter a price consolidation phase, trading within the $0.0000015 level for a long.

In addition, the Moving Average Convergence/Divergence (MACD) is below the signal line with a bold red bar on the histogram. As such, PEPE may end its trade at a low market price, recording five bearish candlesticks on the chart.

On the other hand, the Relative Strength Index (RSI) is at 44.92, a neutral market position as it’s between the oversold (below 30) and overbought region (above 70).

Since it’s pointing upward, PEPE’s buyers are overpowering the sellers, which means the coin is prone to new price levels in the long run.

If the BUY trades grow more than the SELL trades, the RSI could reach the overbought zone (above 70), making PEPE’s price spike soon. But if the SELL trades take over the market, PEPE could face more bearish trends in the long run.

It’s worth noting that cryptocurrency markets are highly volatile and can change from predicted price movement. Thus, proper risk management practices and technical analysis must be in place before investment.

Pepe Price Outlook In the Coming Days

The frog-themed PEPE is an example of “rise to fame.” PEPE’s future seems promising, having changed the fortunes of many investors who entered the project earlier with bumper profits.

But there is no telling what happens to investors who missed the first bus and are trying to catch up. The reason is that PEPE is still a cryptocurrency, with prices often deviating from past movements. Pepe Coin’s deviation from the all-time high is a typical example of a possible “turn of tides.”

Many already got lucky with PEPE’s first boom, while others wonder what lies ahead for the meme coin. With the increase in holders, social sentiment, and trading volume, experts believe PEPE still has lots of rising potential and might witness another bullish momentum.

However, PEPE’s situation is similar to that of a frog, half dipped in water and the other half sticking out for better opportunities.

Like other meme coins, PEPE has no intrinsic values or solid foundation. Therefore, many fear the meme coin might not sustain its popularity for long. It remains uncertain how long PEPE’s barely sustained uptrend will last before the bears take full charge.

But, if you missed PEPE’s first bus, other intriguing coins with intrinsic values have surfaced. So, you might stand a chance to gain the missed PEPE opportunity with these new projects.

Best Low-Cap Crypto to Watch Out For in 2023

Several crypto projects with promising potential have entered the market. Among these projects is DeeLance.

Coins like PEPE entered the market with little expectations and very low market capitalization. But today, PEPE trades with a market capitalization of over $593 million and more than $112 million in trading volume.

Still in its presale stage, DeeLance has caught investors’ attention. Given the speed at which its presale progresses, DeeLance could overtake PEPE in popularity.

DeeLance Rises In Popularity Among Bullish Early Investors

Still in the presale stage, DeeLance (DLANCE) has raised over $1.5 million of a $2,300,000 fund cap. That brings the project’s presale phase closer to its end. The funds raised within a few weeks of presale demonstrate investor interest in the project.

As of the time of writing, DeeLance’s utility token, DLANCE, trades at $0.043 and will increase to $0.048 in the next presale stage.

Moreover, the token’s price would increase to $0.057 when it lists on crypto exchanges after the presale ends. Early investors could enjoy massive profits as chances are high that the token’s price would skyrocket after listing on exchanges.

How Does DeeLance Work?

DeeLance is a crypto project aiming to revolutionize online recruitment by leveraging blockchain technology and smart contracts. The project provides a decentralized, secure, and transparent platform for freelancers and employers looking to escape the challenges of traditional online job platforms.

DeeLance powers all activities on its platform with a utility token dubbed DLANCE. Built on the Ethereum blockchain, DLANCE, ensures security, transparency, and immutability on the DeeLance platform.

It utilizes smart contracts to automate and enforce contract terms between recruiters/employers and freelancers, eliminating the need for intermediaries or third parties. That helps to reduce potential disputes that may arise between the parties involved in a job contract.

DeeLance provides a convenient workspace for freelancers in the metaverse while ensuring employers receive top quality on the tasks they pay for.

It also uses escrow systems for payments. The employers deposit the agreed amount for a job in an account powered by an escrow smart contract. The funds remain secure in the escrow until the freelancer completes the project and meets the agreed standard or criteria.

DeeLance Fosters Trust and Efficiency In the Online Recruitment Ecosystem

DeeLance’s operation mechanism fosters trust and social connectivity within the community. The DLANCE token empowers users to pay for services, access premium features, and participate in DeeLance governance through voting.

Users can also lease or purchase workspaces in the metaverse using the DLANCE token. Moreover, using blockchain technology allows DeeLance to streamline fee withdrawals and deposits, eliminating the limitations of traditional freelance platforms.

Interested investors should leverage the early-stage low prices to augment their crypto portfolios with DLANCE tokens to avoid missing out on a potentially groundbreaking project.