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The PeiPei price soared 24% in the last 24 hours to trade at $0.0000003830 as of 03:43 a.m. EST on trading volume that surged 26% to $201 million.
This comes as Davinci Jeremie, a prominent figure in crypto who told people to buy $1 worth of Bitcoin in 2013, announced that he is an official ambassador of PEIPEI.
Jeremie said that he is betting on its ability to hit a market capitalization of $1 billion, up from about $157 million now.
PeiPei Price Could Soar Over The Rounding Bottom Pattern To A New ATH
The PeiPei price has been in a tear in the last month, recording a 263% surge. Over the past week, the price of PeiPei has experienced a downward trend before rebounding and forming a rounding bottom pattern.
The PEIPEI bulls seem to have capitalized on the pattern to push the token to a new all-time high (ATH) of $0.0000003830, according to data from GeckoTerminal.
PEIPEI trades well above both the 50-day and 200-day Simple Moving Averages (SMAs), with a golden cross at $0.0000002867, which is an indication that PeiPei could be on a sustained bullish rally to the upside.
Moreover, the buyers seem to have control, as the Relative Strength Index (RSI) trades up towards the 70-overbought region, currently at 68.
The Moving Average Convergence Divergence (MACD) also shows signs of a bullish stance, as the MACD lines trade up over the neutral line.
PeiPei Price Prediction
The PeiPei price analysis on the 1-hour chart shows a strong bullish trend, with the bulls using the rounding bottom pattern to push the token up, as they target a new ATH at $0.00000050.
Conversely, if the bears take charge of the price, caused by sellers taking profits, the price may drop to the next support zone at $0.0000003141, coinciding with the 50-day SMA.
Meanwhile, as the PEIPEI price rallies, investors are rushing to buy a new presale called The Meme Games (MGME), which raised $100k within minutes of launch this week. The project aims to capitalize on the hype surrounding the upcoming Olympic games in Paris.
According to Jacob Bury, a popular crypto analyst on YouTube, the project’s token, $MGME, could explode 10X after its launch.
The Meme Games Presale Raises Over $147K In Its Presale Few Hours After It Launched
The Meme Games presale has already garnered over $147K in just a few hours after its launch as the project brings an exhilarating fusion of the competitive spirit of the Olympics and the vibrant, fun-filled world of meme coin culture.
CRYPTO BREAKING NEWS
The Meme Games raises over $100K on opening day of presale. The Meme Games presale raises over $100K in its first 24 hours, capturing attention in the booming memecoin sector. #partnercontent check us out @ https://t.co/8dh137buUp pic.twitter.com/YwzyP2glE4— InnovatekMobile (@Neome_com) July 17, 2024
The project intersects at the point where degen meme coin mania meets the spirit of the 2024 Olympics.
As a token holder, you can pick your favorite meme characters and watch them compete for gold to multiply your holdings. The native token, $MGME, is your ticket to glory in the meme coin ecosystem.
Participants in The Meme Games presale can choose between Dogecoin, Pepe, DogWifHat, Brett and Turbo and watch them race for a chance to claim a 25% bonus on your initial purchase.
Additionally, you stand to earn passive income from the project’s staking mechanism. You can easily purchase and stake $MGME to earn an impressive annual percentage yield (APY) of 2,410%.
You can buy $MGME tokens for $0.009 each. With a price hike coming in less than two days, buy soon to lock in the best deal.
To join the presale, buy $MGME from the official website here using ETH, BNB, USDT, or a bank card. Buy now to win a 25% bonus on your investment.
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