Pepe Price Prediction: As Frog Season Demise Pummels Pepe, Chimpzee Coin Shows Promising Upside

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Pepe coin’s price outlook indicates continued losses as market sentiment shifts to dog-themed coins. The prevailing expectation is that the PEPE mania has come to an end. Let us see if it is true.

Memecoin season is over. Otherwise known as $PEPE season https://t.co/jOlvki7ZkY

— The 🅡eserved 🅢toned 🅡anger (@AighRtokenBud) July 29, 2023

Pepe Price Could Plummet As Memecoin Market Shift from Frog to Dog

The meme coin market has undergone a transition from the frog season to the dog season. Initially, the PEPE mania sparked interest in frog-themed coins, creating a new wave of enthusiasm. However, as the outlook for other popular meme coins improved, attention shifted towards dog-themed coins like DOGE, SHIB, and FLOKI.

Indicators show that dog season is on the horizon:

– $DOGE integration in @X likely.
– $SHIB set to launch #Shibarium. Bridge beta went live today and launch due in August.
– $FLOKI set to launch #FlokiFi Locker upgrade and staking any moment.

Which is your favourite dog coin?

— Dogecoin Rise 🌎🚀🌕 (@DogecoinRise) July 28, 2023

DOGE has been rising due to potential integration into a $X payment solution. Floki Inu is attracting attention for its upcoming FlokiFi launch and staking mechanism. SHIB is gaining traction with the upcoming Shibarium launch. Lucie, an ecosystem official, recently announced the Beta Bridge testing.

#Shibarium Beta Bridge Out for Testing: Here’s What It Can Do https://t.co/YT5pnYBh2J

— 𝐋𝐔𝐂𝐈𝐄 | SHIB.IO (@LucieSHIB) July 29, 2023

PEPE Down, but Community Remains Strong

This shift in focus toward dog-themed coins has contributed to the downward momentum of the PEPE coin. At some point, PEPE was considered the King of frog-themed coins, dominating WOJAK and FROG coin.

$PEPE is not a Meme Coin..

It's the KING OF MEME COINS.

Don't fade the frog.#PepeWorldwide 6/9 🐸 pic.twitter.com/8J3D1J3AJ2

— HaileyPEPE 🐸 (@PepeCZBinance) July 20, 2023

Despite the fading PEPE mania, the strength of the PEPE community is evident. Data shows that the number of addresses holding PEPE coins has reached its all-time high (ATH). This implies that there is still potential for PEPE to make a comeback.

Record high number of $pepe holders. 135,167. Price been in a very tight range for many days now. Happy Saturday. pic.twitter.com/aODYbU8fIe

— Jason Cline 🚀 (@Jclineshow) July 29, 2023

PEPE Price Analysis

The four-hour chart analysis of the PEPE/USD trading pair indicates a prevailing bearish sentiment with a potential further downside. The price movement has been confined within a descending channel since July 14. Despite a notable attempt to breach the channel on July 26, accompanied by a 16% gain, the prices encountered strong resistance at the purple area. This resulted in a failure to break out.

Presently, the upper boundary of the descending channel aligns with the 20-day Simple Moving Average (SMA), forming a formidable initial resistance level. A decisive close above the 20-day SMA and a breakout beyond the resistance area would be required to reverse the bearish trend. However, the current indicators signal a low probability of such an event occurring in the short term, indicating further downward potential.

The Stochastic Oscillator further corroborates the bearish outlook as it points southward. It suggests an increasing likelihood of continued downside movement. The immediate support level lies at $0.000001188, and a breach below this point could trigger the next support at $0.000001061. This level holds historical significance as a previous resistance area.

Presently, the market capitalization of PEPE coin stands at $558.2 million, accompanied by a 24-hour trading volume of $3.78 million. The sensational meme coin’s fundamentals present mixed signals, but the technical analysis indicates a bearish trend.

Watch video for additional perspectives about PEPE here:

On the other hand, there is another coin showing promising upside potential.

Promising Alternative

Chimpzee is an innovative green cryptocurrency project, offering a unique Play-to-Earn (P2E) ecosystem. It aims to protect the environment and endangered species, allowing users to earn crypto rewards. The project revolves around a character that blends man, machine, and chimp, creating a captivating lore that drives its mission of environmental conservation.

Investors have three earning mechanics within the Chimpzee ecosystem. First, they can shop and earn through the Chimpzee shop. Second, they can trade and earn on the NFT marketplace. Finally, they can play and earn via the Zero tolerance game. Additionally, Chimpzee offers an NFT passport, enhancing income generated from the green ecosystem.

🌱Experience the revolutionary #Chimpzee initiative!🌍

🛍️Explore the #Chimpzee Shop – where you can #Shop2Earn🛒
🖼️Dive into the #NFT Marketplace – engage in #Trade2Earn💎
🕹️Play the Zero Tolerance Game – and #Play2Earn💸

Join the #ChimpzeeArmy today!🐒https://t.co/Geog3EVuMC pic.twitter.com/nA7afPrasV

— Official Chimpzee Project (@RealChimpzee) July 28, 2023

CHPMZ Presale Nears End

The current presale for Chimpzee has raised over $1.029 million, demonstrating growing interest in the project. The token is available at $0.000775 during the presale, with a listing price set at $0.00185. Early movers stand to potentially gain over 125% by participating in the presale at chimpzee.io.

⏳Don't miss your last chance to get the 125% bonus, as the reduction is coming in just 2 days!🕑

Get your $CHMPZ now!💎

💰Current Price – $0.000775
💸Next Price – $0.00085
🚀Listing Price – $0.00185

Join the #Presale now!🌟https://t.co/Geog3EVuMC #EcoCrypto

— Official Chimpzee Project (@RealChimpzee) July 30, 2023

Chimpzee has garnered attention from both crypto enthusiasts and traditional communities focused on wildlife protection. The project’s environmental focus aligns with the increasing demand for sustainable and socially responsible initiatives within the crypto space.

The diverse earning options and the NFT passport system attract investors looking to support environmental causes while earning rewards. With its web3 initiative, Chimpzee positions itself as a promising environmentally friendly project in Web 3.0, offering potential returns for early investors by Q4 2023.

With the presale in phase 8 and only 5 days left, the excitement and urgency among eco-conscious investors to participate in Chimpzee’s presale are palpable.