Pepe Price Prediction: PEPE Plunges 12% As Investors Look To The Second Coming Of Sponge For Another 100X Return

Updated: 04 January 2024

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The Pepe price plunged 12% in the past 24 hours to trade at $0.000001256 as of 3:12 a.m. EST with trading volume surging 225% to $186 million.

The Pepe Price Bulls Signal A Bullish Trend Reversal

Pepe Price Chart Analysis. Source: GeckoTerminal.com — PEPEUSD Chart Analysis. Source: GeckoTerminal.com

The support level for Pepe Coin at $0.0000006040 has established a base for positive momentum, propelling the price upward within an ascending channel as the price rebounds from the lower boundary of the channel.

Despite attempts to breach the upper boundary of the channel, Pepe witnessed a decline in value, eventually reaching the support level of $0.000001185.

The relative strength index (RSI) is trading downwards towards the oversold level of 30, indicating intense selling pressure.

However, there is an array of hope among investors as the price trades above the 50-day and 200-day Simple Moving Averages (SMAs) are trading below the price as golden crosses form, affirming a potential bullish trend reversal.

The Pepe Price Prediction

The bulls might be compelled to fall beneath the channel towards the support zone at $0.000007863. However, there are indications of Pepe’s price rebounding at the lower boundary of the ascending channel, specifically at $0.000001185.

The bearish momentum could be invalidated if the coin remains above $0.000001185, allowing the bulls to propel the price towards the $0.000002061 threshold.

Meanwhile, investors are increasingly turning their focus to SpongeV2, drawn by its compelling “Buy and Stake” initiative. This program promises substantial growth potential, particularly in light of the remarkable 100X surge by SpongeV1 last year.

Sponge V2 Hits $1.7 Million, Buy Now for 100x Returns

With a funding achievement surpassing $1.7 million, SPONGE V2 offers the opportunity to purchase and stake $SPONGE using the provided widget. This allows you to receive a corresponding bonus in V2 tokens.

Sponge V2 is dedicated to achieving a 100X return on investment, building on the success of Sponge V1. Sponge V1 accomplished a significant milestone by reaching a market capitalization of $100 million and earning listings on more than ten centralized exchanges, including LBank, Toobit, CoinW, BTCEX, Poloniex, MEXC, Gate.io, Bitget, BitKan, and BitMart.

#SpongeV2 coming in hotttt 🔥🧽🧽$SPONGE #Presale #MemeCoin pic.twitter.com/0hbeja2Elz

— $SPONGE (@spongeoneth) January 3, 2024

Furthermore, the token experienced a remarkable 2,900% surge, attracting a community of over 13,000 holders to the platform. Additionally, it gained the backing of 30,000 social media followers.

Michael Wrubel, a crypto YouTuber with over 310k subscribers, details how he made $100,000 in earnings from the original Sponge and appears increasingly optimistic about the prospects of Sponge V2.

Furthermore, according to data from DeBank, Justin Sun, co-founder of Tron, has acquired 108,018 $SPONGE tokens, presently valued at $49,458. This shows Sun’s confidence in the project’s growth potential, envisioning a potential increase of up to 100X its current value.

His acquisition of Sponge comes in line with one of his tweets, where he mentioned that he would invest in meme coins that show promise.

I've decided to begin actively trading meme coins and promising projects through my public address. Please note, I will personally bear all potential losses from these trades, and any profits made will be donated entirely to charity.

— H.E. Justin Sun 孙宇晨 (@justinsuntron) May 11, 2023

Last Chance, Buy and Stake V2 Token Now

You have the opportunity to stake your $SPONGE tokens using the SPONGE V2 smart contract on the token website. By doing so, you can automatically secure your portion of the V2 token upon its launch, earning tokens at an impressive annual percentage yield (APY) of 485%. Currently, there are over 3.4 million tokens already staked.

If you thought #Sponge v1 was good, just wait for #SpongeV2! 😎🧽🧽💦

We're coming back stronger than ever with more utility and our new #P2E game. 🔥

Hurry and stake your $SPONGE now!!#MemeCoin #Presale #Crypto pic.twitter.com/qroHE6XRMY

— $SPONGE (@spongeoneth) January 1, 2024

You also have the option to engage in the play-to-earn (P2E) initiative, which provides both free and premium versions. The premium version enables you to use $SPONGEV2 tokens to buy extra game credits, increasing your opportunities to earn additional $SPONGE.

Exciting News! 🧽🚀

There will be a free and paid version of the new Sponge #P2E game.

You can play for fun on the free version, or use $SPONGEV2 tokens to purchase additional game credits and earn more $SPONGE 😎#MemeCoin #Presale #Crypto pic.twitter.com/kJsqBY3wQ3

— $SPONGE (@spongeoneth) December 27, 2023

To acquire Sponge V2 tokens, link your Web3 wallet to the official Sponge V2 website and exchange your ETH or USDT for V2 tokens, or make a direct purchase using your bank card.