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PEPE is experiencing a gradual decline in its price performance despite a 2.5% increase in the last 24 hours. While the gloomy nature of the crypto market persists, investors may likely dump PEPE and find solace elsewhere.
However, it is best to consider the token’s general outlook before investing in it.
PEPE Coin Market Outlook
At 7:21 am EST, PEPE trades at $0.000001256, a significant dip of 71% from its ATH on May 5. The asset has experienced an increase of 0.9% over the past seven days but declined by over 18% in the last 14 days.
On a 30-day range, the token’s performance is bearish, establishing 12/30 (40%) green days with a decline of 27.9%.
However, its trading volume is up by over 16% in the last 24 hours, indicating considerable trading activities in the buy zone. While investors could feel optimistic considering the rise in trading volumes, concerns are rising about the possible crash of the token.
As depicted in the chart, the PEPE/USDT pair has been declining, evident from the formation of four bearish candles. Also, the asset moving toward the lower band of the Bollinger Bands indicator indicates a bearish signal.
The Middle Band represents the 20-day simple moving average, and the asset’s price being below it suggests that the short-term trend is weaker, potentially signaling a downtrend or a lack of bullish momentum.
While the MACD is above the signal, traders should take note of the faded histogram bars indicating a weak bullish momentum. With the Relative Strength Index (RSI) level pointing at 36, the asset is in an oversold condition, further confirming the bearish sentiment.
Pepe Alternative
Cowabunga Coin (COWABUNGA) is the latest ERC-20 meme project that brings the beloved Teenage Mutant Ninja Turtles (TMNT) to the crypto world.
The project aims to create an unforgettable “half-shell hero pizza party” experience within the space, embracing the adventurous spirit of the iconic TMNT franchise.
The native coin, $COWABUNGA, is anticipated to draw substantial attention and interest, mainly due to the impending release of TMNT’s new movie.
With the slogan “We’re not Kappa Turtle, We’re Ninja Turtles” and their designated heroes, Cowabunga Coin presents an energetic approach to all and sundry, sparking interest among potential investors.
CowaBunga has a hard cap of $500,000 to exhaust in its presales, and a unique feature is the launch of its early stages through a Telegram portal.
The portal is also linked to a general group chat where investors can collaborate, interact and discuss the presale performance.
Cowabunga Presales is Hard-Shelled for A Reason
The newly launched presale of the $COWABUNGA token is generating significant interest already.
This news is thanks to the growing fan base of the Teenage Mutant Ninja Turtles franchise and its low hard cap of four billion tokens. By limiting token availability, the project gains potential benefits in the long run, as increasing demand may drive the token price higher.
During the Cowabunga Coin token presale, 1.2 billion coins will be available for purchase at a low price of $0.000125 per token, providing an opportunity for interested investors to acquire the token at an early stage.
Furthermore, to ensure liquidity within the Cowabunga Coin ecosystem and facilitate smooth transactions, 800 million tokens, which account for 20% of the total supply, are released for this purpose.
While the $COWABUNGA token does not currently have specific use cases, token holders can still enjoy certain benefits associated with being part of the project.
In addition to his tokenomics feature, 25% of the total token supply, equivalent to 1 billion tokens, will be distributed to $COWABUNGA holders through airdrops and community rewards. This incentivized approach encourages individuals to hold $COWABUNGA tokens and actively participate in the ecosystem.
An additional 15% of the token supply will be reserved for listings on centralized exchanges (CEX). This step aims to increase accessibility and trading opportunities for $COWABUNGA, potentially attracting more investors to the project.
Furthermore, 10% of the token supply will be allocated to forming strategic partnerships. These partnerships are expected to contribute to the growth and development of the project, unlocking new possibilities within the $COWABUNGA ecosystem.
With a projected initial valuation of $500K, Cowabunga Coin is gaining momentum, and interested investors can purchase the token using USDT, ETH, or card options.
This move should come before its official exchange listing and the potential surge in trading volumes.
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