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The Pepe price has skyrocketed by 25% in the last 24 hours to trade at $0.000001577 as of 9:20 a.m. EST.
But long-term Pepe price movements remain uncertain, as a continued jump in recent on-chain activity suggests that whales could be looking to dump for profits.
The price of $PEPE just soared more than 20%.
We noticed that a wallet deposited 794B $PEPE ($1.1M) to #Gateio when the price of $PEPE skyrocketed, making ~$230K.
Subsequently, the price of $PEPE began to fall from the peak.https://t.co/MBLnOSNlSE pic.twitter.com/cLTtCyMpGJ
— Lookonchain (@lookonchain) December 4, 2023
Pepe Price Prediction: Will The Meme Coin Hold Gains In The Short Term?
The 30-minute PEPE/USD charts show that the Pepe price might face bearishness in the short term, as shown by several indicators. The Relative Strength Index indicator is on a downward trajectory as it approaches an exit from the overbought region. It shows mounting selling pressure, and the MACD is moving toward the red zone.
Bulls now face resistance at the $0.0000015 level and there could be a price plunge in the short term if they fail to hold the $0.000001 support level.
Looking at volatility, the Bollinger Bands are moving wide apart due to increasing trading activities that have seen the meme coin’s trading volume jump by 10% in the last 24 hours.
Meanwhile, as the Pepe price looks to correct, Meme Kombat’s MK has hurtled past the $2.5 million mark in presale. Each MK is priced at $0.225, with only two days remaining before a price increase.
Pepe Price Prediction: Is MK The Better Meme Coin?
Meme Kombat introduces entertaining clashes featuring iconic meme characters. The outcomes of these engagements are shaped by each character’s distinct abilities, all under the vigilant watch of artificial intelligence (AI) and amid visually stunning graphics.
Users are required to engage in battles to acquire the coveted MK coins, unlocking the gateway to the Meme Kombat universe. Players can strategically wager in Player-versus-Player (PvP) or Player-versus-Game (PvG) scenarios, elevating the gaming experience to unprecedented excitement.
Players can get more MK tokens by getting prizes with tokens that haven’t been spent yet, adding another layer to the game environment.
📣 Major Update 📣
The Meme Kombat Staking Dashboard is officially live and ready to be used by you!
Take a break from Kombat and visit the staking dashboard here: https://t.co/nNFEYESjPs pic.twitter.com/yswl0esb4G
— Meme Kombat (@Meme_Kombat) November 9, 2023
Meme Kombat’s Tokenomics And Structure
120 million tokens are allocated between initial funding and platform development – 30% to rewards for holding and betting and 20% to the Decentralised Exchange (DEX) for trading and community advantages.
Adopting a dynamic, yearly approach, Meme Kombat evolves each season, introducing new features based on user feedback. The inaugural season begins an ever-evolving journey tailored to user preferences.
Meme Kombat prioritizes community building, recognizing its pivotal role in the success of player-versus-environment games. Collaboration fosters an engaging atmosphere that seamlessly blends competition and camaraderie.
Immerse yourself in the innovative realm of Meme Kombat, a haven for those seeking a fresh and exhilarating gaming experience. Whether a seasoned gamer or a newcomer, Meme Kombat promises a captivating and enjoyable journey.
While the Pepe price trajectory is anticipated to correct, MK emerges as a compelling alternative with significant potential upon its public debut. Explore MK’s unique advantages as a promising choice in the evolving cryptocurrency landscape.
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