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The Pepe price skyrocketed 84% in the last 24 hours to trade at $0.00002305 as of 11:32 p.m. EST on trading volume that surged 207% to $24.9 billion.
This PEPE price eruption was fueled by high-profile listings on major crypto exchanges Coinbase and Robinhood.
The surge also coincides with broader positive momentum in the meme coin market, which saw overall gains of 9%, pushing its market capitalization to $127 billion.
Pepe Price Could Soar Even Higher
The Pepe price has been on a massive surge in November, as it was trading within the rising channel pattern, as the bulls capitalized on the $0.0000080 support zone, according to data from GeckoTerminal.
The sustained bullish stance was confirmed by the bulls, with the price soaring through a parabolic rise.
PEPE price now trades way above both the 50-day and 200-day Simple Moving Averages (SMAs), which further cements the general bullish outlook.
Furthermore, the Relative Strength Index (RSI) is soaring within the oversold region on the 4-hour timeframe, currently at 77, an indication that the asset is under intense buying pressure. However, it also means that the price of Pepe is overextended and Pepe is overvalued.
The bullish outlook is also supported by the Moving Average Convergence Divergence (MACD) blue line, which has crossed over the orange signal line, representing a bullish crossover.
If this momentum continues, the price of Pepe could surge even more, as the bulls target $0.000030.
Conversely, due to the price being overextended, the Pepe price may plunge to the previous resistance at $0.0000150, which now acts as a formidable support zone.
Meanwhile, investors are going all-in on a new PEPE rival called Pepe Unchained ($PEPU), which aims to emulate and surpass the success of the top frog-themed meme coin.
According to 99Bitcoins, a leading crypto YouTube channel with more than 706k followers, Pepe Unchained ($PEPU) could be the next meme coin to deliver 100x returns.
Pepe Unchained Roars Past $29 Million – Buy Now Before Tier 1 Exchange Listings
Pepe Unchained ($PEPU) is hurtling toward $30 million in funds raised as traders pile into the meme coin that aims to free the original PEPE from its clunky Ethereum blockchain.
There are now only 29 days left to snap up the tokens before the shutter comes down on the biggest meme coin presale of the year and tier-1 exchange listings thereafter. Meme coin fans are eyeing a chance to repeat the astronomical returns of $PEPE.
As its name suggests, Pepe Unchained is designed to free, or ”unchain,” the OG PEPE from its clunky, inefficient home on Ethereum.
Who needs some Brain Powder?
Pepe is gearing up for the official launch of his very own blockchain! 🚀 pic.twitter.com/kZC72UmxFy
— Pepe Unchained (@pepe_unchained) June 20, 2024
What sets Pepe Unchained apart from other PEPE derivatives is its Layer 2 (L2) blockchain, which offers superior transaction speeds and significantly reduced fees compared to the original Pepe ($PEPE), which runs on Ethereum’s slower, more expensive Layer 1 network.
Pepe Unchained provides a seamless and efficient user experience, making it a strong contender in the meme coin space.
Pepe Unchained is also actively fostering innovation by launching developer grants for its network. The project’s website now features a portal where developers can apply for grants to build on its L2 chain. The goal is to create new dApps and leverage its technology for even faster and more cost-efficient transactions.
Pepe is not messing around today,
Those chains are going DOWN! 🐸⛓🥊 pic.twitter.com/Wy3TzgA4mE
— Pepe Unchained (@pepe_unchained) November 2, 2024
Pepe Unchained holders can also stake PEPU tokens for a huge 87% return annually.
PEPU tokens are currently priced at $0.0128 each. Investors eager to join one of the most successful presales of the year should do so before the presale ends in 29 days.
Buy PEPU tokens on the official website here with ETH, USDT, or a credit card.
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