Pepe Price Prediction: Is a 20% Gain in PEPE's Horizon?

Pepe Price Prediction: Is a 20% Gain in PEPE’s Horizon?

Updated: 15 September 2023

Disclosure

Don’t invest unless prepared to lose all the money you invest. This is a high-risk investment, you shouldn’t expect to be protected if something goes wrong.

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One of the crypto industry’s favorite meme coins, Pepe (PEPE), has seen quite a substantial price drop over the past 30 days. The token went from $0.000001249 in mid-August to the current price of $0.00000069, losing 50% of its value in a month.

PEPE Price Suffers Significant Drops

The drops came in several waves or series, where Pepe would see a price drop, then trade sideways after seemingly achieving stability, only to see a new slide.

This is also visible on the token’s weekly chart, which shows a 15% value loss over the past seven days. On September 9, the token’s price was at $0.0000007867. However, on September 10, its price dropped sharply to $0.0000007261.

The price dropped steadily over the next two days until it reached its apparent bottom just above $0.0000006500. This level has acted as its most robust support and has not been breached so far.

Around this time, analysts believed that Pepe’s poor performance could be interrupted if Bitcoin saw any rebound, bringing back the optimism for PEPE.

Interestingly, this is precisely what happened. Over the last few days, Bitcoin’s price grew from $25.2k to $26.8k.

PEPE Found its Bottom, but can it now recover?

While PEPE did not follow this performance with a recovery of its own, its price did stop breaking supports, and instead, it started to fluctuate between $0.00000065 and $0.00000070.

At the time of writing, the token’s price is at $0.0000006688, and in the last 24 hours, the value of Pepe went down by around 1.6%.

If the Bitcoin price continues to climb, it could bring a positive shift to the market and cause PEPE to see some recovery of its own.

Current predictions seem optimistic about PEPE, with experts suggesting price growth anywhere from 20% to 40% is possible shortly.

One of the most significant reasons for the token’s poor performance is the recent scandal involving PEPE’s development team. While it is still fresh, it is now out and known to the community. With that being the case, Pepe fans have had time to recover, so positive market changes could still affect the token.

Pepe has faced other hardships lately, such as the hacking of its Telegram account and significant dumps by crypto whales.

In the wake of these recent negatives, the token’s downward trend is unsurprising. On the plus side, Pepe could leave these issues behind and start growing again with the right push.

Is Bitcoin BSC a Better Opportunity?

PEPE could recover due to it being undervalued. Buying it now might open up some earning opportunities. However, many in the crypto industry believe there is too much uncertainty to take risks with meme coins.

On the other hand, there are opportunities like Bitcoin BSC (BTCBSC) — a new BEP-20 token that allows users to buy a BSC-based version of Bitcoin. Of course, this is not Bitcoin that we know today.

Instead, it represents BTC from 2011, back when it first reached the price of $1. This is why the presale is selling its BTCBSC for only $0.99. So far, the presale has been an enormous success, raising over $2 million in only a week. With 50% toward its soft cap, the presale will likely end quickly.

If you intend to join the presale, you can buy BTCBSC with your BNB, ETH, and USDT.

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