Pepe Price Prediction: PEPE Plummets 8% As Investors Flock To This Multi-Chain Dogecoin Derivative For Parabolic Gains

The Pepe price plunged more than 8% over the past 24 hours to trade at $0.000006668 as of 12:55 a.m. EST as investors offload their holdings in the meme coin.

This drop in the frog-themed crypto’s price reflects the current trend across the rest of the crypto market. Over the last 24 hours, the collective capitalization of the digital asset space plummeted more than 4%, according to CoinMarketCap.

The Pepe Price Bounces Off Support

4-hour chart for PEPE/USDT (Source: TradingView)

The Pepe price rebounded off of the key support at $0.00000631 in the last 12 hours, and is currently attempting to break above the $0.000000687 resistance. A 4-hour candle close above this threshold might give the meme coin the foundation needed to keep climbing.

Traders might subsequently identify a break above $0.00000687 as a long entry, which could introduce a wave of buy pressure. This bullish support could then push the Pepe price above $0.00000761 before elevating it to as high as $0.00000819 in the short term.

PEPE getting rejected by the $0.00000687 resistance in the coming 24 hours might invalidate the bullish thesis. In this alternative scenario, the meme coin could be at risk of retesting the $0.00000631 support. 

Bulls Slowly Gaining Control Over The Pepe Price

Technical indicators on PEPE’s 4-hour chart suggest bullish pressure is slowly starting to build around the Pepe price. Not only does the Moving Average Convergence Divergence (MACD) signal a weakening bearish trend, the Relative Strength Index (RSI) also shows buyers are growing stronger.

PEPE has been in a bearish phase throughout the past 24 hours, as indicated by the MACD line’s positioning below the MACD Signal line. However, this trend might be coming to an end as the former rises towards the latter.

Meanwhile, a significant bullish technical flag is on the verge of being triggered by the RSI. With the RSI looking to cross above its Simple Moving Average (SMA), bulls could soon gain the upper hand against sellers on PEPE’s 4-hour chart.

With the Pepe price at risk of potentially getting rejected by support, investors and traders might opt to invest in alternative meme coins that are not yet at the mercy of the market. 

Dogeverse (DOGEVERSE), an up-and-coming Dogecoin derivative that is in its presale phase, is thus far pulling in investors like there’s no tomorrow. 

More Than Just Another DOGE-Themed Meme Coin

Being the original meme coin, Dogecoin has inspired the creation of several similar cryptos throughout the years. Some of these projects have tried to take advantage of DOGE’s reputation in the market, and have linked their branding to the largest meme coin by market cap.

Bridging Blockchains with $DOGEVERSE Tech 🌉📚

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We're eager to learn from your experiences—share your thoughts and insights below! #AltSeason #ETH #SOL #BNB pic.twitter.com/7rZm66mCWj

— DogeVerse (@The_DogeVerse) April 30, 2024

Although Dogeverse’s branding includes some elements of Dogecoin’s branding, the success of the project is not solely dependent on these links to the original meme coin. This is because Dogeverse is the first cross-chain meme coin.

Deployed on the popular chains Polygon, Ethereum, Avalanche, Base, BNB Chain and Solana, Dogeverse gives investors the ability to seamlessly transfer value between multiple networks.

What’s more, DOGEVERSE token holders and investors can also participate in various decentralized finance (DeFi) protocols native to these highly-active and liquid blockchain networks.

To start earning rewards with Dogeverse, investors won’t even need to swap out their tokens. This is because the project includes its own staking program on the Ethereum network, which is currently offering an impressive 87% APY. 

A Booming ICO

Investors have flocked to Dogeverse’s presale, with more than $12.8 million already sent to the meme coin’s ICO. Given its high levels of utility and its lucrative staking program, this positive presale momentum looks likely to continue.

YouTuber Jacob Crypto Bury highlighted Dogeverse’s impressive momentum at this early stage. He also went on to tell his 38k subscribers that he is bullish on the meme coin.

Selling for $0.000304, DOGEVERSE can be bought using multiple cryptos given the meme coin’s multi-chain nature. ETH, BNB, MATIC, BASE, SOL, USDT and AVAX can all be used to acquire the token. The buy widget on DOGEVERSE’s website also includes the ability to make a purchase with a bank card.

Investors will want to hurry, because the meme coin’s price is set to increase in less than three hours.

Purchase DOGEVERSE for an 87% annual staking yield here.

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