Pepe Coin Price Prediction as Meme Coin's Woes Grow. Frog About to Croak?

Pepe Coin Price Prediction as Meme Coin’s Woes Grow. Frog About to Croak?

Updated: 26 July 2023

Disclosure

Don’t invest unless prepared to lose all the money you invest. This is a high-risk investment, you shouldn’t expect to be protected if something goes wrong.

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Pepe’s price has been steadily declining, experiencing a 17% loss in the past 7 days and over 24% in the last 30 days.

As of 5:22 AM EST today, PEPE’s price has dropped by 6.70% to $0.00001243, with a trading volume of over $85 million, down 25% in the past 24 hours, according to CoinMarketCap data.

Price activity of PEPE

In late April, PEPE’s price surge propelled its market capitalization to over $1.6 billion, making it a sensation in the meme coin market.

On July 13, after Ripple’s lawsuit victory against the SEC, the crypto market had a notable green day, and Pepecoin saw an 11% price increase.

However, the token’s bullish trend waned, resulting in significant declines over the past 7 days, 30 days, and 24 hours.

Technical Indicators on PEPE Decline

Pepe coin’s price is currently below the 50-Day and 200-Day simple moving averages, indicating strong bearish momentum in the market.

The MACD indicator trading below the signal line with red histogram bars also suggests prevailing sell activities. Moreover, the Relative Strength Index (RSI) of 14.85 indicates that the market is oversold.

These indicators collectively indicate that the Pepecoin market may not favor traders and investors.

However, it is essential to consider other external factors that could impact price changes in the long term before making an investment decision.

Factors that could affect the price of PEPE

Despite the market decline, Spot on Chain’s on-chain data reveals increasing whale activities, with a crypto whale accumulating $6.6 million worth of Pepe coins in the past 48 hours.

This accumulation could lead to supply and demand imbalances, potentially causing the price of Pepe coin to surge as other investors follow suit.

The FOMO effect may also come into play, as news of the whale’s accumulation could trigger fear of missing out among other investors, further driving up demand and price.

Moreover, the whale’s confidence in accumulating Pepe coins during the market decline may signal long-term investor confidence in the project, positively impacting the price.

However, external factors like regulatory conditions may also influence the coin’s performance.

Is Evil Pepe a Possible Moonshot?

Evil Pepe, a derivative of Pepecoin, could be an alternative investment.

Evil Pepe, drawing from the Pepe the Frog meme, skillfully leverages its provocative nature to swiftly attain widespread popularity and attention in the meme coin market.

Evil Pepe is built on the Ethereum blockchain.

Ecosystem features

Evil Pepe takes a community-driven approach, emphasizing active involvement and incentives for token holders.

The project implements a deflationary token redistribution system, rewarding $EVILPEPE holders for holding tokens in their wallets, promoting stability and growth. Inspired by the online meme “Pepe the Frog,” Evil Pepe embraces its controversial and provocative nature as part of its identity.

Evil Pepe presale

Evil Pepe successfully raises over $878k in its ongoing presale with just six days left before the token sale concludes. Each $EVILPEPEcoin is priced at $0.000333, and the presale is capped at $1.9m.

The total token supply will be 6.66 billion, with 90% allocated for the presale.

How to buy evil Pepe

$EVILPEPE can be purchased at a discount on its official website before it hits exchanges for listing.

To acquire $Evilpepepe, follow the process.

Fund your EVM-compatible wallet like (Metamask or Trust wallet) with ETH OR USDT.
Proceed to the presale widget and connect your wallet
Follow the on-screen information and swap your ETH OR USDT for $EVILPEPE. Make sure you have enough ETH to cover the network fee.
Token claims will be available after the presale ends. Follow the on-screen information to claim your tokens.