Pepe Forecast: PEPE's Value to Climb by 25% in the Next Quarter?

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Previous optimistic forecasts for the PEPE token have been adjusted to mirror the change in market sentiment around it. Despite the optimism that PEPE could stage a recovery to the $0.0000030 mark, achieving this would demand an influx of fresh capital.

Analyzing the coin’s path from mid-July until now, there is a chance that PEPE could sustain its downward trend, potentially falling to as low as $0.0000008 or more in the coming year.

Meanwhile, some experts speculate the token could surge by 25% in the next quarter of 2023. But as it stands, the outlook for PEPE investors remains masked by uncertainty.

PEPE’s Performance Deviates from Optimism

As of 5:00 AM EST, Pepe (PEPE) is trading at $0.00000125, marking a 9.18% decrease in price over the past 24 hours. However, there has been a 2.22% uptick in price over the past week, which places Pepe’s market cap at over $529 million.

Over the last day, Pepe (PEPE) experienced a trading volume exceeding $112 million, showing a 0.60% rise from the previous day. This suggests a recent surge in market activity for the cryptocurrency.

PEPE Shapes Up for Bullish Turn

PEPE’s market is recovering from a notable fall over the past few days. After declining below the 50-day and 200-day Moving Averages, the token encountered a critical region with high buying activity.

This region indicates a significant support level at $0.0000012430 that has long prevented the token’s price from dipping further. Due to the severity of this support position, PEPE could face difficulty breaking below the level.

Supporting this analysis is the histogram creating multiple fainting red bars following a series of vivid ones. Investors and traders often interpret this setup as a break in sell pressure that will likely occur.

However, due to the long period of a bearish trend on the market, the MACD line remains below the signal line, denoting the presence of sellers. The Relative Strength Index (RSI) is now significantly in the sell zone, displaying a reading of 39.26.

Despite these sell signals, PEPE has more potential for a bullish turn. However, this prediction doesn’t guarantee the trajectory of PEPE as it could deviate from anticipated directions. So, it’s crucial to approach its price forecast with caution.

Updates That Could Drive PEPE Price

The Data Nerd revealed insights into significant purchases and the holdings of the giant whales in the speculative PEPE meme coin. A while acquisition on August 9 added 41 billion PEPE to their portfolio, resulting in an unrealized gain of $8,700.

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There are also many fresh wallets accumulating $PEPE.

• 0x5a2 bought 41B on Aug 9th at the dip with $8.7K (17%) unrealized gain

• 0x3ef bought 1.07T ($1.5) Mon Aug 9th with $162K (12%) unrealized gain. This guy is also a #base hunter with 8.94B ($372K) $TOSHI. pic.twitter.com/3LAHUFi49r

— The Data Nerd (@OnchainDataNerd) August 15, 2023

Similarly, a different event on the same day saw another whale acquire a staggering 1.07 trillion PEPE, yielding an unrealized gain of $162,000. Notably, on August 8, PEPE experienced a price surge, propelling it from $0.0000011261 to a peak of $0.0000014273, a substantial 26.75% increase.

Such continuous investor interest and accumulation could help PEPE regain its upward trajectory in the coming months, supporting the 25% price gain speculations.

PEPE Coin Alternative – Sonik Coin

Sonik Coin is the latest entrant into the meme coins sector with an ambitious goal: to become the quickest crypto to achieve a $100 million market cap.

Taking inspiration from the iconic Sonic the Hedgehog character, Sonik differentiates itself as a humor-infused meme coin. Unlike its counterparts, it operates as a stake-to-earn coin, rewarding those who deposit into its staking smart contract.

🚀 Welcome to the world of $SONIK! 🦔💨

Get ready to experience the fastest #Crypto meme coin in action! 🔥

🌐 Join our #Presale now and be part of #MemeCoin history!

👉https://t.co/NkNhQrZ41q #Sonik #AltGem #Altcoin pic.twitter.com/BsnUlKCZfZ

— SONIK COIN (@Sonikcoin) August 3, 2023

Sonik’s allure lies in its enticing annual percentage yield (APY) for stakers, which propels $SONIK towards astronomical heights. This coin pioneers the concept of being the first stake-to-speed crypto.

Immediate staking and earning opportunities are available for purchasers. Of the entire token supply, 40% is dedicated to community staking rewards to be distributed over four years.

About 90 million $SONIK tokens have already been staked, reaping an impressive APY of 26,648%. It’s important to note that this rate will decrease as more stakers participate. The team has modestly targeted a low-cap objective of just $2 million ($2,098,547), making it likely that this coin will quickly sell out.

Sonik staking data

The idea of Sonik staking significantly impacts the meme coin and ‘version 2’ themed coin sphere. An example is BTC20, a coin that recreated Bitcoin’s block production history on Ethereum and witnessed substantial staking engagement.

Nearly two-thirds of BTC20 token holders are participating in staking, and shortly after listing, BTC20’s price increased sixfold.

Sonik has the potential to replicate this staking success, offering another selling point to potential buyers. The staking utility also implies lower selling pressure when it hits the Uniswap decentralized exchange (DEX), offering buyers an extra layer of reassurance.

Stay updated on Sonik’s developments by following its X (Twitter) account and becoming a Telegram group member. The presale structure of the project is equitable, with 50% of the token supply allocated for public sale, 40% for staking rewards, and 10% for exchange liquidity.

Sonik will list directly on the Uniswap DEX after the presale, requiring USDT or ETH for token purchases. Connect your wallet to the Sonik website promptly to secure your position and seize the opportunity.