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The frog-themed meme token, Pepe Coin, launched a little over two months ago, has stormed the market with remarkable gains, frequently topping charts at intervals.
The meme coin’s price has surged nearly 3,000% since entering the market on April 15, 2023. PEPE became one of the investors’ favorite meme tokens due to these impressive gains.
However, it hasn’t been all rosy for the meme coin, as it saw its fair share of volatility in the past two months.
But despite the rising and falling tides, PEPE remains among the top-gaining tokens in the weekly chart, with a 74% price increase in the last two weeks.
PEPE could be on its way to overtaking the meme coin ecosystem forerunners, Dogecoin, Shiba Inu, and Floki Inu. Meme coin enthusiasts now wonder which coin would be the next DOGE killer.
PEPE Rode on Bullish Momentum Following Improved Market Capitalization
Last week, Pepe Coin saw disruptive gains when the Bitcoin ETF buzz hit the market. At the time, PEPE’s price surged over 100% in a week.
The meme token rebounded from a brief bearish trend that pushed it down to $0.000000895518 and climbed above $0.0000016.
The token claimed a position among top-gaining coins with over 76% gain on the weekly charts after rallying more than 29% on June 22.
PEPE scored a 13% price increase on June 21 and another nearly 20% gain over the weekend. As of Monday, June 26, Pepe Coin rallied 3.9% when most coins traded sideways, taking its price to $0.00000163 on June 27.
However, the momentum dwindled after a few days, pushing PEPE off the top gainers’ charts. But it retains some 1.81% of its gains over the last seven days.
At the time of writing, PEPE’s price changes hands at $0.0000015, with a 4.32% 24-hour price increase.
Technical Analysis on Pepe Coin ($PEPE)
According to the chart above, the asset is trading above the middle part of the Bollinger Bands indicator, which suggests that the price is currently in an uptrend.
This indicates a potentially bullish market sentiment, with the asset’s price trading higher than the average and potentially signaling further upward movement.
The Moving Average Convergence Divergence (MACD) indicator shows increasing activity in PEPE, resulting in increased price momentum above the line. This current setup could further push the price upward in the short term.
After experiencing a bearish momentum that sent the price of PEPE to a bottom of nearly $0.00000136 on June 28, PEPE is currently showing some strong bullish sentiment.
Experts Share Insight on PEPE Price in the Short and Long-Term
Cryptocurrency prices often move along a cycle of highs and lows, forming chart patterns used by seasoned experts to forecast possible future moves. Let’s see what the experts say about Pepe Coin Prices in the coming months and years.
According to CoinCodex’s short-term Pepe Coin price prediction, the PEPE price would drop by 0.70% and reach $0.000001418 by July 4, 2023.
CoinCodex also compared Pepe Coin against leading technological innovations and trends. It concluded that Pepe Coin’s price could reach $0.00002886 by the end of 2024 following the internet growth pattern.
Furthermore, Coincodex’s long-term PEPE price prediction suggests that Pepe Coin could reach $0.00003726 and 0.00004810 by 2025 and 2026 if it follows the internet’s growth pattern.
In addition, the price forecast shows that Pepe Coin could reach $0.000189 by 2025 and $0.000419 by 2026, respectively, if it follows Facebook’s growth pattern.
According to CryptoNewsZ prediction, the minimum projected price for Pepe coin in 2023 is $0.0000011.
On the other hand, the maximum price forecasted for Pepe coin is $0.0000023, indicating that it could potentially reach that price level at its highest point.
CryptoNewsZ added that the average forecasted price of PEPE is $0.0000016, suggesting that the predicted overall average value of Pepe coin in 2023 is expected to be around that range.
These Pepe coin predictions are based on various parameters, including past price movements, market capitalization, trading volume, and more.
According to Changelly, PEPE will record a minimum price of $0.0439956, an average of $0.0449955, and a maximum of $0.0529947 by the end of 2023.
By 2024, the minimum price should be $0.0619938, an average price of $0.0639936, and a maximum price of $0.0749925. They predicted 2025 to have a minimum price of $0.0859914, an average price of $0.0889911, and a maximum price of $0.109989.
In 2026, the minimum of $0.129987, an average of $0.129987, and the maximum of $0.149985 prices, respectively. By 2027 market prices were predicted to have a minimum of $0.189981, an average of $0.19998, and a maximum of $0.229977.
According to Changelly PEPE price prediction, the asset has the potential of hitting the $1 milestone by 2032, representing a significant increase of 68,259,300%.
According to a Pepe coin (PEPE) price prediction by CoinPedia, the projected prices for the cryptocurrency are as follows:
2023: The minimum price for PEPE is expected to be around $0.00000080, while the maximum price is projected to reach $0.00000450 by the end of the year.
2024: For the year 2024, the minimum and maximum prices for PEPE are predicted to be $0.00000375 and $0.00000525, respectively.
2025: The minimum and maximum prices for PEPE in 2025 are forecasted to be approximately $0.00000498 and $0.00000606.
2026: CoinPedia predicts that PEPE’s minimum and maximum prices for 2026 will be $0.00000600 and $0.00000798.
2027: By 2027, the projected minimum and maximum prices for PEPE will be $0.00000763 and $0.00000904.
2028: Looking ahead to 2028, CoinPedia suggests that the minimum and maximum prices for PEPE could potentially reach $ 0.00000859 and $ 0.00001302.
It’s important to note that these projections are speculative and should be treated as estimates, as cryptocurrency markets can be highly volatile and subject to various factors that can impact prices.
Possible Factors Affecting Cardano’s Market Price
Supply and demand:
The price of any asset, including Pepe Coin, is influenced by the interaction between the available supply of the cryptocurrency and the demand from buyers and investors.
Fundamental events:
Certain events within the Pepe Coin ecosystem can impact its price. For example, block reward halvings refer to a reduction in the number of new coins awarded to miners, which can affect the supply dynamics and potentially influence the price.
Hard forks or updates to the underlying protocol can also impact the market dynamics and investor sentiment towards Pepe Coin.
Regulations and adoption:
The regulatory environment and the level of adoption by companies and governments can have a significant impact on the price of Pepe Coin.
Positive regulatory developments or increased adoption can create a more favorable environment for the digital currency, potentially leading to increased demand and price appreciation.
Conversely, negative regulations or lack of adoption can negatively impact the price.
Market capitalization:
The market capitalization of Pepe Coin refers to the total value of all coins in circulation. It can change rapidly due to factors like price fluctuations, changes in supply, and market sentiment.
Market capitalization often indicates a cryptocurrency’s size and popularity.
Upcoming Development in PEPE Ecosystem
In a recent tweet, Pepecoin said there are upcoming developments and news related to the PEPE coin.
The focus is on streamlining the Pepecoin-qt (Memetic) wallet, which indicates efforts to enhance the user experience and improve the wallet’s functionality.
Streamlining the wallet can benefit PEPE coin by making it easier for users to store, send, and receive the cryptocurrency.
A more user-friendly and efficient wallet can attract new users and encourage existing holders to continue using and investing in PEPE coins.
PEPE Alternative
Ecoterra (ECOTERRA)
Ecoterra is a worldwide initiative dedicated to environmental conservation through the implementation of the Recycle-to-Earn (R2E) program.
This program incentivizes individuals to engage in recycling activities by offering rewards for their participation. In today’s world, pollution is a significant problem that negatively impacts plants, animals, and humans.
To address this issue, Ecoterra intends to introduce a mobile application that tracks recycling activities. By promoting effective waste management practices such as recycling and waste reduction, Ecoterra aims to combat pollution. Users will be rewarded based on the items they recycle through the app.
By participating in the Carbon offset program, users can earn ECOTERRA tokens, granting them the freedom to engage in various activities within the ecosystem.
These tokens are currently being offered for purchase during the presale period, which began on March 29, 2023, and will end soon. Getting these tokens is simple, as they can be obtained using USDT, ETH, or bank cards.
Remarkably, $ECOTERRA has smashed the $5 million benchmark and is nearing its target of $6.7 million. This achievement underscores the project’s significance to both investors and the environment.
With the presale nearing its conclusion, investors are actively acquiring tokens despite growing concerns and uncertainties.
The current value of each token is $0.01, and the presale is currently at stage 9, which is the last stage. Ecoterra is projected to be listed at $0.01, potentially leading to even higher selling prices shortly.
According to the roadmap, users will also be rewarded for participating in eco-friendly activities like beach cleaning and tree planting.
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