Is Pepe Coin's Era Coming To An End?

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The value of Pepe coin (PEPE) has dropped by more than 10% in the past day, indicating that it is becoming less appealing to investors. Pepe is now failing despite the market being on an upward trend. Even when Bitcoin started to make a rebound over the course of the past 36 hours.

PEPE coins drop quickly and appear to be losing popularity

Pepe’s trading volume has dropped from an average of $250 Million 7 to 10 days ago to an average of $133 Million in the last 3 days. This is extremely similar to what occurred with Luna Classic following its last massive pump, which finished in September 2022.

Since that time, Luna Classic has not only failed to recover but has also drastically missed the average performance of the market. Over the course of the past few weeks, the Pepe momentum has come to a complete and utter halt. Pepe, on the other hand, continues to have the upper hand in terms of search volume and transaction volume.

It is extremely unlikely that Pepe will have another pump like the one that occurred two weeks ago. See our guide to the best meme coins to buy here.

Pepe coin price analysis

The price of the Pepe coin decreased, making it one of the meme coins with the weakest performance. The level of selling pressure is considerable, and those who are selling remain in control.

Pepe price today is $0.000001 USD with a 24-hour trading volume of $146,113,607 usd. Pepe is down 7.04% in the last 24 hours. The current CoinMarketCap ranking is #81, with a live market cap of $496,616,785 usd. It has a circulating supply of 391,790,000,000,000 PEPE coins and a max. supply of 420,690,000,000,000 PEPE coins.

Prior to the significant dip in price that occurred over the course of the weekend, the coin’s price had been quite stable. In spite of this, it is still ranked in the top 100 cryptocurrencies, which is a remarkable accomplishment for a coin that is just a few months old.

However, there will be a chance that PEPE may be listed on additional exchanges in the near future. This might spark a new rise for the stock, which, after its recent price adjustment, is fairly low at the moment.

Pepe coin price prediction

When investigating the situation surrounding PepeCoin, negative predictions emerge. Some notable figures in the cryptocurrency industry have labeled $PEPE “doomed.” Furthermore, it appears that there has been a dramatic drop in the quantity of PepeCoin-related memes on Twitter.

This may indicate that the currency’s popularity is waning as consumers move on to other trends. This could mean that the value of the Pepe coin continues to fall with little chance of recovery. Since it has already been listed on every major exchange, it’s possible that PEPE’s fortunes won’t improve anytime soon.

Accordingly, a price of $0.0000010 per PEPE towards the end of the year is a reasonable projection. That’s a drop of about 30% from where things are right now, and it’s a level where PEPE might find some buying support. Pepe Coin has grown significantly and been listed on major exchanges.

This enhanced exposure has boosted its market uptake and appeal. It could be risky to hold on to it for a long time, but the payoff could be substantial. So, if you’re feeling risky and want to try your hand at a meme-based crypto, you can do so with alternative coins that have the potential to yield high returns.

Alternative emerging coins with high potential

While PepeCoin has garnered a lot of attention from meme fans, Wall Street Memes Token has the ability to surpass it due to its innovative idea, token economics, and supportive community.

Wall Street Memes

A new meme coin called “Wall Street Memes” is making waves in the cryptocurrency market. After only four days of the presale, the project had already brought in almost $1.25 million. The huge success of Wall Street Memes can be attributed in part to its popularity on the subreddit r/WallStreetBets.

They have made fun of Wall Street’s excesses for years, amassing a total of 400k social media followers in the process. Traders put a lot of faith in the seasoned development team that created Wall Street Memes. The Wall St Bulls NFT collection, also by the same project team, debuted in 2021 and sold out in just half an hour.

Since no $WSM tokens were designated for the development team, Wall Street Memes is purely community-driven. Half of the total supply of 2 billion $WSM tokens will be made available to the public during the presale.

Introducing $WSM – yep, we’ve gone and done it.
The community token that’s flipping the Wall Street Memes game upside down! ?

We have 50% of the #Token supply up for grabs in the #Presale and 30% set aside for rewarding our community.?

Let’s make some serious waves together,… pic.twitter.com/fH2TMGmglZ

— Wall Street Memes (@wallstmemes) May 27, 2023

The project is currently on presale, investors may purchase $WSM for just $0.0259. With an expected listing price of $0.0337, early investors stand to gain more than 30% on paper. Those who participated in the presale are able to join a contest for a chance to win a WSM airdrop.

A total of $50,000 worth of WSM will be given to five fortunate investors in advance of the project’s initial coin offering (ICO). To take part in the presale visit wallstmemes.com.