Pepe 2.0 Pumps 35% In A Week – True Rival to Pepe Coin Or Scam?

Pepe 2.0 performed impressively in the past week, with its weekly high at $0.0000002219. Despite its retracement today to $0.00000008617, it still retains most of its gains in July. 

It draws inspiration from the original Pepe coin (PEPE) and presents itself as an investment opportunity for investors who missed out on PEPE. It operates on the Ethereum blockchain with smart contracts.

Also, it enables users to mint, buy and sell Pepe-themed assets creating utility for the meme coin. PEPE2.0 attained its all-time high of $0.0000000219418 on July 5, rising over 183.49% from its all-time how value to reward users. 

Although it is still a new project, its recent rally created a buzz in the crypto community, also helping $PEPE to record gains.

Pepe2.0 might not be a scam project, but it will likely not retain future value for investors, a common phenomenon with memecoins attempting to replicate another project. However, it is rewarding its investors with short-term gains. 

PEPE2.0 Enters Sideways Trend As Bulls Retreat

PEPE2.0 is in a sideways trend on the 4-hour chart forming a small candle indicating a drop in its trading volume. 

After it attained its all-time high value on July 7, the bears returned to force a decline in its price. It is trading in the lower region of the Donchian Channel (DC), expressing a bearish sentiment.

PEPE2.0’s Moving Average Convergence/Divergence (MACD) is below its signal line, confirming the bearish trend in the market. 

The Relative Strength Index (RSI) value is 43.76 in the neutral zone between the oversold region 30 and the overbought region 70. Also, the RSI is moving sideways, reflecting the sideways tread and investors’ indifference today.  

A closer look at PEPE 2.0 support and resistance levels might give insights into its next price action. 

PEPE2.0 Support And Resistance Levels 

PEPE2.0 is trading close to the $0.00000008146 support level; the bulls rallied from the $0.00000006226 support to its current price level.

The $0.00000009924 resistance sent PEPE2.0 into a downtrend. A break above this resistance level will see it retest the $0.00000011702 resistance.

However, there is limited trading activity today. Therefore, PEPE2.0 will likely remain sideways until the bulls re-enter the market to force another rally.

Note that crypto assets are highly volatile and can deviate from predicted price action. Investors must engage in proper research, risk analysis, and sound knowledge of crypto trading

PEPE 2.0 Alternatives

While PEPE 2.0 faces price volatility in the market today, investors can take advantage of an eco-friendly project currently on presales, concluding in the next few hours ahead of its official listing. 

Ecoterra (ECOTERRA)

Ecoterra is an eco-friendly project that rewards users for engaging in recycling and other eco-friendly activities for rewards. It promotes the Recycle-to-Earn (R2E) culture, incentivizing recycling to motivate its users to engage in safe environmental practices. 

Ecoterra relies on innovative Web-3 to proffer solutions to pollution and carbon emissions, harnessing the vast potential of blockchain technology. It gives its users access to carbon credits for carbon offsets which help to eliminate carbon emissions in the environment. 

The world is shifting its focus from carbon-reliant energy sources such as fossil fuels to renewable energy sources. These sources include solar and wind energy.

Interestingly, Ecoterra’s launch coincides with the era of a green initiative where plants, animals, and humans can co-habit in a safe environment. 

Ecoterra’s Presales Few Hours To Go! Accumulation Frenzy Begins

$ECOTERRA‘s presale shows massive investors’ interest in the project as it achieved a milestone of $6.15 million out of the $6.7 million benchmark for the event. It implies that a late accumulation phase will likely occur where investors buy the tokens and exceed the proposed target. 

Ecoterra will likely list on exchanges as it concludes its presales in a few hours. Investors that act fast and purchase the tokens receive a 10% bonus for every $ECOTERRA purchase.

Users can choose from a variety of options to purchase $ECOTERRA. It supports ETH, USDT, or bank cards purchase and connections with a crypto wallet such as Trust Wallet or MetaMask. 

Ecoterra presales is one of the most exciting events in the crypto space in 2023. Its focus on clean and safe environmental practices gives its relevance for now and the future. Waste generation continues to rise due to a spike in human population and more pollutants in circulation.

Ecoterra’s long-term potential for relevance is evident based on its roadmap, utility, and focus. It will yield paper rewards to early investors who get in on the presales before it goes live on exchanges.