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The Pepe price tumbled 6% in the past week and 1% in the last 24 hours to trade at $0.00000736 as of 3.15 a.m. EST on trading volume that dropped 10% to $429.8 million.
The crypto market’s price drop has hit the meme coin sector harder than the largest cryptos by market cap, with most major meme coins currently trading in the red on a daily and weekly basis.
Meanwhile, coins like ETH, BTC, SOL, XRP, and others are currently trading in the green.
Pepe Price Prediction
The Pepe price saw a strong drop in the last week, and while it also saw some recovery over the weekend, its value dropped again with the start of this week.
According to the project’s Bollinger bands, however, the situation might be at the brink of turning around once again, with the bands suddenly narrowing with the arrival of Monday.
The token’s price finally separated from the lower band and returned to the neutral area between the two.
These look like the early bullish signals which should not be ignored, although it is still too early to claim with confidence that the price will see a strong recovery.
Pepe’s Relative Strength Index (RSI) contributes to the positive prediction, however, with its recovery from the oversold area to the neutral sector.
The traders still seem to be uneasy and many have been looking for a first chance to sell as soon as the price started its increase, likely to take profits and make up for any previous losses.
Right now, the confidence in Pepe’s recovery is not yet very strong, but the RSI value remains around the neutral zone, at least at this time.
In other words, Pepe is still in a very volatile phase, and strong price fluctuations should be expected.
However, this may open up an opportunity for professionals, just as long as they can react quickly and make the right call at the right time.
Promising Alternatives to Pepe
With the price of Pepe currently being highly volatile, this is not a good time for traders and investors to purchase the third-largest meme coin.
The increased risk could mean a greater chance of losses, so unless you are an expert with years of experience, it might be better to go for a good Pepe alternative such as Pepe Unchained (PEPU).
Pepe Unchained considers itself the new and improved version of Pepe, and given that it is the first and only Pepe crypto with its own blockchain, it is not wrong.
Thanks to the creation of its own Layer-2 chain, PEPU managed to become unchained from the limitations of the Ethereum blockchain, which are the same limitations that hold back the original Pepe to this day.
Pepe is preparing to launch his own Layer 2 blockchain solution soon:
🧠 Instant bridging between ETH and Pepe Chain
🧠 Lowest transaction fees
🧠 100x faster transaction speeds compared to ETH
🧠 Dedicated Block ExplorerGet ready to join the future with Pepe Unchained! ⛓️🐸 pic.twitter.com/9gxNnddMyq
— Pepe Unchained (@pepe_unchained) July 18, 2024
Right now, the project is still in presale, but its ICO is one of the most successful ones of this year, raising over $9.39 million at the time of writing.
The project has been praised for weeks by major crypto experts, such as the ones behind the crypto YouTube channel 99Bitcoins, which has over 706k subscribers.
Ever since crypto whales started buying PEPU, experts have speculated that this project could be the key to leading all meme coins higher during the next bull market.
Its PEPU token sells for only $0.009163. With a price increase coming in a little over 24 hours, buy soon to lock in the best deal.
Anyone interested in buying PEPU can do so here on the official website.
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