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Pepe (PEPE) has recently gained significant attention, driven by the crypto market’s upward momentum following Donald Trump’s U.S. presidential election win. This resurgence is further fueled by Robinhood’s expansion of PEPE to European markets and the offer of a 1% deposit bonus to attract new traders.
PEPE Key Statistics
- Current Price: $0.000010
- Market Cap: $4.53 billion
- 24-hour Trading Volume: $1.43 billion
- Circulating Supply: 420.69 trillion PEPE
- Total Supply: 420. 69 trillion PEPE
- CoinMarketCap Ranking: #24
PEPE reached its all-time high of $0.000017 on May 27, 2024, but has since experienced fluctuations, dropping to a low of $0.000005909190 in the past five months. Recently, it has rebounded by 76.56%, reflecting renewed market interest and potential for further gains.
PEPE/USD Market
- Resistance: $0.000011, $0.000012, $0.000013
- Support: $0.0000099, $0.0000089 $0.0000079
On the technical side, the cryptocurrency experienced a minor decline in the last 24 hours. PEPEUSD approaches its resistance level at $0.000011. Breaking this resistance could pave the way for further gains toward $0.000012, with a more ambitious target set at $0.000013, which would signal robust bullish momentum. However, should it fail to sustain above the $0.000011 level, support is found at $0.0000099, followed by $0.0000089 and $0.0000079, which could act as safety nets against downward pressure.
The Relative Strength Index (RSI) is currently at 59, suggesting the coin is nearing overbought territory. This implies that while there is still room for upward movement, the cryptocurrency may encounter selling pressure at its resistance points, necessitating caution for traders aiming to capitalize on short-term gains.
Meme Coin Momentum and Market Position
PEPE’s rising popularity can be attributed to several key drivers. First, the growing adoption of meme coins among retail investors has made such asset highly sought-after, particularly in regions where Robinhood is expanding its offerings. The platform’s integration of Pepe in Europe allows users to participate in the meme coin market with added incentives, such as the deposit bonus, which has likely helped boost its trading volume and appeal.
Pepe Price Prediction: A Closer Look
Moreover, the current rally in the cryptocurrency market, fueled by optimism around Donald Trump’s return to the U.S. presidency, has generated a wave of enthusiasm across various crypto sectors. Meme coins like PEPE, with their strong community support and speculative appeal, have been direct beneficiaries of this market optimism. This trend underscores the potential for the cryptocurrency to perform well as long as positive sentiment in the market persists.
PEPE/BTC Performance Insight
Against Bitcoin, PEPE has slowed down 2.02% in the last 24 hours. It has been making lower highs and lower lows. The recent price action is consolidating within a range, suggesting indecision in the market. The KC indicator (20, 2, close) is below the price, indicating potential bearish pressure. The blue lines are also below the price, further supporting the bearish sentiment. The price might continue consolidating within the current range for a while. A break above the upper end of the range could signal a potential reversal of the downtrend.
Spot On Chain reported on X that a crypto whale made multi-million-dollar moves with Ethereum (ETH) on November 6, 2024. The whale first deposited $2 million in Tether (USDT) to Binance, then transferred 212.448 billion tokens to a self-custodial wallet one hour later.
Another $2 million USDT deposit followed shortly after, mainly used to purchase 207.686 billion coins, valued at $1.969 million at the time. These transactions preceded a significant rally, with the token hitting a local double top at $0.00000960 around 8 AM UTC.
A whale just bought over $5M worth of $PEPE!
Over the last 2 hours, smart whale “0x51c” deposited 5.5M $USDT to #Binance and so far has withdrawn back 535.81B $PEPE ($5.07M) from the CEX.
Notably, this whale used to gain a total profit of $2.016M from $BRETT, $TUBRO, $LINK, and… pic.twitter.com/hQtyiMuOLl
— Spot On Chain (@spotonchain) November 6, 2024
Alternatives to Pepe
Pepe’s notable rise in the cryptocurrency rankings, driven by a surge in trading volume and market capitalization, reflects the rapid expansion of the industry. Similarly, Pepe Unchained ($PEPU) emerges as a forward-thinking force within the meme coin sector. The project’s presale has been a resounding success, securing over $25 million in investments and highlighting the market’s excitement for Pepe Unchained’s innovative vision. This substantial funding will fuel the project’s future growth.
The Best Pre-sale Meme Coin – Pepe Unchained
By launching its own Layer 2 blockchain, $PEPU moves beyond the limitations of traditional networks like Ethereum, enabling faster transaction speeds and drastically lower gas fees. This technological advancement positions Pepe Unchained as a platform for streamlined, cost-effective digital experiences.
With its pioneering technology, strong financial backing, and expanding community, Pepe Unchained is on track to transform the meme coin landscape. As the project gains momentum, its strong fundamentals and visionary approach position it for a promising future, establishing it as a leading innovator in the cryptocurrency space.
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