Pepe Coin Price Predictions Skyrocket while Launchpad XYZ Stands Strong

Updated: 07 August 2023

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The crypto industry’s meme coin sector is seeing heavy competition in 2023.

For many, the likely candidate is Pepe (PEPE), although the token’s price did not perform well in the past few weeks.

Pepe (PEPE) Price Still Spiraling Down

According to its daily chart, PEPE price has surged in the last 24h, which took it from $0.000001135 to $0.000001185. However, the token saw a correction right after hitting this level.

PEPE sits at $0.000001159 at the time of writing, only 0.27% higher than 24h ago. However, the token’s weekly chart shows a 10% decline.

Even the token’s 1-month price action is bearish, with its price dropping by 25% since July 7. Despite this, Pepe is still over 1,936% up on a 1-year chart.

The mid-2023 market continues to batter the token, and currently, traders see no end to its downward spiral. It is trading well below the 20-day and 50-day Exponential Moving Averages.

This is a sign that the bears are holding control over the market. The token’s volume is also relatively low, with the number of unique buyers and sellers stagnating since the price started its drop.

Some believe that Pepe owes its performance to the lack of major developments or new use cases. Without these, there is simply no interest from crypto users.

Lack of Innovation Caused PEPE to Lose the Buyers’ Interest

Like other popular meme coins, PEPE saw a bullish momentum earlier this year, only to see it followed by a significant sell-off.

The token currently has no new features that would attract users, so it follows the general market sentiment. Unfortunately, that sentiment has been bearish.

Crypto Fear & Greed Index has dropped to 49 as of August 7, meaning that investors are primarily neutral. This change is quite noticeable compared to the situation in July, when greed prevailed with a score of 58.

Despite the neutral stance, on-chain data suggests that token holders are not accumulating PEPE. In fact, they are selling it, which eliminates any possibility of an immediate price rebound.

Pepe is not seeing tremendous interest and hype about its token, particularly with new cryptocurrencies emerging.

As new coins and tokens continue to launch their presales, crypto users tend to buy those, as they are not yet out in the market. As such, they do not yet suffer from price volatility.

Launchpad XYZ Raises Over $1.2 Million

One example of a successful presale comes from a project called Launchpad XYZ (LPX).

This is a project that intends to educate users on how to become successful in the Web3 sector. It is building a community-driven system that is simple to use.

As part of the system, the project offers the training required to be a successful trader and Web3 user.

As of August 7, the project’s presale has raised $1.24 million from its $1.55 million goal. Each LPX token is selling for $0.0445.

The project accepts ETH, USDT, BNB, and credit or debit card payments. The presale will end once the soft cap is reached, so it should be over fairly soon.

This leaves a limited window of opportunity for those who seek popular new cryptos to purchase, so anyone interested in buying LPX before it hits the market should react quickly.

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