Pepe Price Prediction: PEPE Pumps 5% As Futures Go Live On Coinbase, And The First Multi-Chain Meme Coin Dogeverse Nears $10M In 15 Days Of Presale

The Pepe price pumped over 5% in the last 24 hours to trade at $0.000006736 as of 12:45 a.m. EST as investors begin an accumulation drive of the meme coin.

The PEPE price jumped following an announcement by U.S.-based crypto exchange Coinbase that it will add support for Pepe perpetual futures on its platform. Initially planned for Apr. 18, the opening of Coinbase’s 1000PEPE-PERP market was delayed due to technical reasons. Trading will now begin on Apr. 23.

@CoinbaseIntExch will add support for Pepe perpetual futures on Coinbase International Exchange and Coinbase Advanced. The opening of our 1000PEPE-PERP market will begin on or after 9:30am UTC on 23 APR 2024.

— Coinbase International Exchange 🛡️ (@CoinbaseIntExch) April 22, 2024

The Pepe Price Breaks Major Resistance

4-hour chart for PEPE/USDT (Source: TradingView)

A bullish ascending triangle has emerged on PEPE’s 4-hour chart after the altcoin printed a couple of higher lows in the last 24 hours. During this period, the meme coin managed to overcome the resistance level at $0.00000631 as well.

Should this chart pattern be validated, the frog-themed crypto might flip the next barrier at $0.00000705 into support. A 4-hour candle close above this point could then give the Pepe price the foundation needed to potentially rise to as high as $0.00000829 in the short term.

PEPE falling out below the ascending triangle within the coming 12 hours might invalidate this bullish thesis. In this alternative scenario, the meme coin could stand the risk of correcting to the recently-breached $0.00000631 mark.

Dropping below this safety net might then result in a wave of panic selling, which could lead to the Pepe price falling to $0.00000573.

The Pepe Price Might Correct Soon

Technical indicators on PEPE’s 4-hour show that bearish pressure is building as the meme coin approaches the $0.00000705 resistance. Both the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) indicators warn of a potential reversal of the bullish trend that pushed the Pepe price up throughout the past trading day.

PEPE is currently in a positive cycle, as signaled by the MACD line’s position above the MACD Signal line. However, this trend seems to be coming to an end because the MACD line is collapsing towards the MACD Signal line.

A major bearish technical flag is also on the verge of being triggered by the RSI on the 4-hour chart. Over the last 24 hours, the RSI reached a peak of 75, and has since dropped. Now, the RSI is looking to cross below its Simple Moving Average (SMA) line. These two lines crossing in the coming 24 hours could indicate that momentum has shifted in favor of sellers.

While PEPE attempts to break another resistance, multi-chain meme coin Dogeverse is pulling in funds at an unprecedented pace through its ongoing presale.

Investors Are Flocking To This Meme Coin Presale For Potential Parabolic Gains

Dogerverse’s presale started on Apr. 8, and has already accumulated over $9.76 million via its presale. 

This investor frenzy surrounding the new crypto has made it one of the most popular meme coin presales in April and throughout the entirety of 2024 so far.

Dogeverse is the first multi-chain meme coin, and resides on popular networks such as Ethereum, BNB Chain, Solana, Polygon, Avalanche and even the Layer 2 chain Base.

This gives investors and token holders the ability to move value seamlessly across chains and take advantage of the various fees and decentralized finance (DeFi) protocols available on each blockchain.

Beyond being the world’s first mutli-chain meme coin, Dogeverse (DOGEVERSE) is also offering investors who buy and stake their tokens at this early stage a very high APY. 

Offering Early Investors And Token Holders High Rewards

Anyone that buys and stakes their DOGEVERSE tokens during this ICO phase will gain access to up to 112% in annual staking rewards. This, in addition to the high levels of utility associated with DOGEVERSE, could be part of the reasons why investors are rushing to buy the meme coin during its ICO.

Up until now, over 14 billion DOGEVERSE tokens have been locked up in the project’s ecosystem by bullish investors.

#DOGEVERSE on the #Avalanche Chain!🚀

Advantages:
💫 Avalanche's swift confirmations boost the token's usability
🔁 Manages large transaction volumes, easing congestion

Disadvantages:

🔎 Over-reliance might impact decentralization
🛡️ Interoperability brings new potential risks pic.twitter.com/X5haF9tKnV

— DogeVerse (@The_DogeVerse) April 22, 2024

To get in on this high APY, investors can navigate to the project’s official website and connect their Web3 wallet to the platform. Selling for just $0.0003, DOGEVERSE can be bought using either ETH, USDT, BNB, MATIC, AVAX, BASE or a bank card.

DOGEVERSE can be bought and staked for a 112% APY here.

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